Mubasher: The board of Al Babtain Power and Telecommunication decided to distribute a 10% cash dividend for the fourth quarter of 2016, according to a bourse statement issued on Tuesday.

The company will pay SAR 1 per share, with a total value of SAR 42.6 million to the shareholders registered by the end of the session on 16 March.

Al Babtain clarified that it will schedule for the payout later.

During Q4-16, the company posted a decline of 6.51% in profits to SAR 35.9 million from SAR 38.4 million in Q4-15.