Al-Babtain Power and Telecommunication Co (ALBABTAIN) News - Mubasher Info
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29 December 07:14 AM

Al-Babtain Power and Telecommunication Co (2320)

Last update: 28 December 03:19 PM market time.
66.40
-0.05
-0.07%
Open 66.20
Previous Close 66.45
High 66.40
Low 64.65
Stock Statistics
Volume 252,953
Turnover 16,542,186.15
All data are 15 minutes late during market session

News

Photo Archive
10 August 08:10 PM Al Babtain Power logs 36% higher net profits in H1-25; dividends recommended
Riyadh - Mubasher: Al Babtain Power and Telecommunication Company registered a 35.79% surge in net profits to SAR 185.90 million in the first half (H1) of 2025, compared to SAR 136.90 million in H1-24. Revenues stood at SAR 1.31 billion as of 30 …
Financial Results
Photo Archive
23 March 05:08 PM Al Babtain Power’s revenues exceed SAR 2.8bn in 2024; dividends for H2 announced
Riyadh – Mubasher: The net profits of Al Babtain Power and Telecommunication Company hiked by 87.77% year-on-year (YoY) to SAR 265.70 million in 2024 from SAR 141.50 million. Revenues climbed by 12.93% to SAR 2.81 billion at the end of December …
Cash Dividends
Photo Archive
26 November 2024 05:05 PM Al Babtain Power rolls out SAR 777m deal with Hyundai
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company signed a contract with Hyundai Engineering & Construction Company Limited at a value of SAR 777.22 million. The 24-month deal covers providing Head Transmission Line Steel Towers …
Companies Investments
Photo Archive
3 June 2024 00:23 PM Al Babtain Power announces 10% of capital as dividends for 2023
Riyadh – Mubasher: The shareholders of Al Babtain Power and Telecommunication Company greenlighted cash dividends amounting to SAR 63.94 million for 2023. The Saudi firm will disburse SAR 1 per share, representing 10% of the company’s capital, for …
General Assembly
Photo Archive
20 May 2024 02:10 PM Al Babtain Power’s profits skyrocket 481.6% in Q1-24
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company posted a 481.69% year-on-year (YoY) leap in net profit to SAR 82.60 million during the first quarter (Q1) of 2024, compared to SAR 14.20 million. Revenues climbed by 9.45% to SAR …
Financial Results
Photo Archive
13 November 2023 03:27 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 …
Financial Results
Photo Archive
1 October 2023 11:50 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 …
Companies Investments
Photo Archive
18 June 2023 04:13 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 …
Board of Directors
Photo Archive
4 June 2023 03:02 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 …
Cash Dividends
Photo Archive
20 December 2022 01:03 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 …
Sukuk and Islamic Finance
Photo Archive
5 October 2022 11:13 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 …
Companies Investments
The company's revenues amounted to SAR 1.049 billion
11 November 2021 05:30 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 …
Financial Results
Revenues increased by 3.5% to SAR 707.8 million in H1-21
18 August 2021 05:59 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 …
Financial Results
Earnings per share stood at SAR 0.36 in Q1-21
24 May 2021 00:21 PM 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. …
Financial Results
Discussions were halted due to unstable economic conditions
26 April 2021 00:12 PM 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 …
Mergers and Acquisitions
The company's revenues increased by 2.854%
30 March 2021 10:30 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, …
Financial Results
The approved dividends represent 10% of the share’s par value.
31 December 2020 10:17 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 …
Cash Dividends
Photo Archive
9 November 2020 05:19 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 …
Financial Results
SEII plans to acquire a stake in Al Babtain Power and Telecom Egypt
28 October 2020 07:04 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 …
Companies Investments
Revenues for Q2-20 came in at SAR 294.1 million
17 August 2020 10:20 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 …
Financial Results
Metalogalva now owns 2.94 million shares in Al Babtain France
16 June 2020 10:13 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 …
Companies Investments
Revenues soared by 36.2% annually over Q1-20
14 June 2020 10:14 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. …
Financial Results
The renewal is due to the COVID-19 pandemic
3 June 2020 11:20 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 …
Companies Investments
This comes due to precautionary measures against COVID-19
26 April 2020 01:19 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 …
Companies Investments
The loan aims to covert a part of the short-term loans to medium-term loans
6 April 2020 05:32 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 …
Companies Investments