Al-Babtain Power and Telecommunication Co (2320)

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News

10 August 2025 07:10 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

23 March 2025 04:08 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

26 November 2024 04:05 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

3 June 2024 11:23 AM 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 …

Board of Directors

20 May 2024 01:10 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

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 …

Financial Results

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 …

General Assembly

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 …

Management Decisions

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 …

Cash Dividends

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 …

Companies Investments

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 …

Companies Investments

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 …

Financial Results

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 …

Financial Results

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. …

Financial Results

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 …

Mergers and Acquisitions

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, …

Financial Results

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 …

Cash Dividends

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 …

Financial Results

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 …

Companies Investments

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 …

Financial Results

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 …

Mergers and Acquisitions

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. …

Financial Results

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 …

Companies Investments

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 …

Companies Investments

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 …

Companies Investments