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Al Babtain to distribute 9M cash dividends on 20 December

Al Babtain to distribute 9M cash dividends on 20 December
(Photo credit: Arabianeye - Reuters)
ALBABTAIN
2320
-2.26% 18.20 -0.42

Riyadh – Mubasher: Al Babtain Power and Telecommunication announced on Tuesday that it will start distributing cash dividends for the nine-month period ended 30 September on Tuesday, 20 December.

The distribution will be through the Arab National Bank (ANB) and the cash will be deposited in the shareholders' investment accounts in all local banks, according to a bourse filing.

On 21 November, the company's board recommended paying out cash dividends at 10% of the stock’s nominal value for the first nine months of 2016.

The company’s capital amounts to SAR 426.3 million, with 42.63 million issued shares.