Al-Babtain Power and Telecommunication Co (ALBABTAIN) News - Mubasher Info
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Al-Babtain Power and Telecommunication Co (2320)

Last update: 1 November 2023 03:13 PM market time.
18.20
-0.42
-2.26%
Open 18.70
Previous Close 18.62
High 18.70
Low 18.12
Stock Statistics
Volume 306,870
Turnover 5,614,286.90
All data are 15 minutes late during market session

News

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13 November 2023 02:27 PM Al Babtain Power’s profits leap 155% in 9M-23
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company logged net profits after Zakat and tax valued at SAR 98.25 million in the first nine months (9M) of 2023, an annual hike of 155.19% from SAR 38.50 million. Revenues increased by …
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1 October 2023 10:50 AM Al Babtain Power boosts growth plans via SAR 213m capital raise
Riyadh – Mubasher: The shareholders of Al Babtain Power and Telecommunication Company approved the board’s proposal to increase the capital by SAR 213.15 million, according to a bourse statement. Following the 50% hike, the new capital will stand …
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18 June 2023 03:13 PM Al Babtain Power’s board proposes 50% capital increase
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company announced the board’s recommendation to raise the capital by 50% to SAR 639.46 million from SAR 426.31 million. The raise transaction will be carried out through the capitalization …
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4 June 2023 02:02 PM Al Babtain Power unveils 2022 cash dividends
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company obtained the approval of its shareholders to disburse cash dividends valued at SAR 21.31 million for 2022. The announced dividends equal 5% of the company’s capital, according to a …
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20 December 2022 00:03 PM Al Babtain Power secures SAR 200m loan from Banque Saudi Fransi
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company penned a long-term banking facility agreement worth SAR 200 million with Banque Saudi Fransi on 19 December 2022. The Islamic tawarruq finance, which is valid for five years, is …
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5 October 2022 10:13 AM Al Babtain Power’s unit pens $52m deals with 2 Egypt-based firms
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company’s Egypt-based subsidiary, Al Babtain Power and Telecommunication Company – Egypt, signed a contract valued at $24 million with Elsewedy Electric T&D. The 12-month deal aims to …
The company's revenues amounted to SAR 1.049 billion
11 November 2021 04:30 PM Al Babtain Power records 16% lower profits in 9M
Riyadh – Mubasher: The net profits after zakat and tax of Al Babtain Power and Telecommunication Company declined by 16.122% to SAR 43.7 million during the first nine months of 2021 from SAR 52.1 million in the year-ago period, according to the …
Revenues increased by 3.5% to SAR 707.8 million in H1-21
18 August 2021 04:59 PM Al Babtain Power’s H1-21 profits shrink 15.5%
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company registered a decrease of 15.5% in net profits after Zakat and tax to SAR 31 million in the first half (H1) of 2021 from SAR 36.7 million in H1-20. Earnings per share declined to SAR …
Earnings per share stood at SAR 0.36 in Q1-21
24 May 2021 11:21 AM Al Babtain Power records SAR 15.5m net profit in Q1
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company achieved a 9% increase in net profit after Zakat and tax at SAR 15.5 million during the first quarter (Q1) of 2021, compared to SAR 14.2 million in the same period a year earlier. …
Discussions were halted due to unstable economic conditions
26 April 2021 11:12 AM Al Babtain ends talks to sell Egyptian unit
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company announced the termination of the acquisition talks between its subsidiary Al Babtain Power and Telecom Egypt and the Saudi Egyptian Industrial Investment (SEII). The company said …
The company's revenues increased by 2.854%
30 March 2021 09:30 AM Al Babtain Power records 7% lower profits in 2020
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company reported a 6.627% decline in net profits after zakat and tax to SAR 80.3 million in 2020 from SAR 86 million in 2019. Higher profits are attributed to a rise in operating expenses, …
The approved dividends represent 10% of the share’s par value.
31 December 2020 09:17 AM Al Babtain Power to pay SAR 42.6m in FY20 dividends
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company’s board has approved paying SAR 42.63 million in cash dividends to shareholders for fiscal year (FY) ending on 31 December 2020. The approved amount equals SAR 1 per share or 10% of …
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9 November 2020 04:19 PM Al Babtain Power quarterly profit down 27%
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company recorded net profits of SAR 15.3 million during the quarter ended on 30 September 2020, a drop of 26.8% from SAR 20.9 million in the same quarter in 2019. This decline was driven by …
SEII plans to acquire a stake in Al Babtain Power and Telecom Egypt
28 October 2020 06:04 PM Al Babtain extends MoU with SEII until 28 January 2021
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company extended the memorandum of understanding (MoU) previously signed with the Saudi Egyptian Industrial Investment (SEII) for three months until 28 January 2021 for the sale of a stake …
Revenues for Q2-20 came in at SAR 294.1 million
17 August 2020 09:20 AM Al Babtain Power quarterly earnings up 8%
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company reported on Monday an 8.2% rise in net profits during the second quarter (Q2) of 2020 at SAR 22.5 million, compared with SAR 20.8 million in the prior-year period. The growth in …
Metalogalva now owns 2.94 million shares in Al Babtain France
16 June 2020 09:13 AM Portugal’s Metalogalva acquires $3.4m stake in Al Babtain France
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company announced completing the legal procedures for selling a 49% stake in Al Babtain France to Portugal’s Metalogalva, at a total value of EUR 3 million ($3.4 million) Accordingly, Al …
Revenues soared by 36.2% annually over Q1-20
14 June 2020 09:14 AM Al Babtain reports 28% drop in profits for Q1-20
Riyadh – Mubasher: The profits after Zakat and tax of Al Babtain Power and Telecommunication Company registered a 28.2% decline to SAR 14.2 million in the first quarter (Q1) of 2020, compared to SAR 19.8 million in the same period last year. …
The renewal is due to the COVID-19 pandemic
3 June 2020 10:20 AM Al Babtain extends MoU with Saudi Egyptian Industrial
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company has extended the Memorandum of Understanding (MoU) previously signed with the Saudi Egyptian Industrial Investment (SEII) to acquire a stake in Al Babtain Power and …
This comes due to precautionary measures against COVID-19
26 April 2020 00:19 PM Al Babtain renews MoU with Portugal’s Metalogalva
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company has extended the memorandum of understanding (MoU) signed with Portugal’s Metalogalva to acquire a 49% stake in Al Babtain France. The binding agreement signed between the two firms …
The loan aims to covert a part of the short-term loans to medium-term loans
6 April 2020 04:32 PM Al Babtain inks SAR 150m agreement with Samba
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company has signed a four-year credit facility agreement worth SAR 150 million with Samba Financial Group under the Murabaha system. The loan aims to convert a part of the short-term loans …
Net profit after zakat and tax reached SAR 86 million for 2019
2 March 2020 05:53 PM Al Babtain profits up 23%, plans SAR 0.5/shr dividends
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company reported an increase in annual net profit by 23.4%, as shown by its annual financial results for 2019. Profit after zakat and tax reached SAR 86 million last year, compared with SAR …
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23 February 2020 04:10 PM Al Babtain extends MoU with Portugal’s Metalogalva
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company has extended the memorandum of understanding (MoU) signed with Portugal’s Metalogalva to acquire a 49% stake in Al Babtain France for EUR 3 million (SAR 12.21 million). Al Babtain …
Al Babtain's loan agreement has a tenor of 3 years
26 January 2020 11:29 AM Al Babtain inks SAR 100m loan deal with SAIB
Riyadh – Mubasher: Al Babtain Power and Telecommunication company has signed a SAR 100 million medium-term credit facility agreement with Saudi Investment Bank (SAIB) under the murabaha system. The three-year loan, which will be paid through …
The company’s capital will be increased to SAR 26.8m
26 December 2019 06:56 PM Al Babtain’s board ups capital of subsidiary
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company’s (Al Babtain) board has decided to increase the capital of its subsidiary, Integrated Lighting Co. The company’s capital will be increased to SAR 26.8 million from SAR 8.4 million, …
The four-month agreement between both firms is renewable
2 December 2019 06:20 PM Saudi Egyptian Industrial plans to acquire Al Babtain
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company announced that its subsidiary in Egypt, Al Babtain Power and Telecom Egypt, has received a letter of intent from the Saudi Egyptian Industrial Investment Company. The Saudi Egyptian …