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Al-Babtain Power and Telecommunication Co. announces the board of director’s recommendation to distribute cash dividends for for the financial year that ended on 31/12/2023

ALBABTAIN 2320 -5.95% 34.80 -2.20
Element List Explanation
Introduction Al Babtain power and Telecommunications Company announce its Board of Directors recommended to distribute cash dividend to the shareholders for the financial year that ended on 31/12/2023
Date of the board’s recommendation 2024-03-28 Corresponding to 1445-09-18
The Total amount distributed 63,95 million Saudi Riyals
Number of Shares Eligible for Dividends 63,946,968
Dividend per share Saudi Riyal 1
Percentage of Dividend to the Share Par Value (%) 10 %
Eligibility date The eligibility of dividends shall be for the shareholders who own the shares on the day of the general assembly meeting and registered in the Securities Depository Center on the closing of next trading day after the general assembly meeting, which will be announced later after obtaining the necessary approval from the relevant authorities
Distribution Date Will mention later
The name of other official authorities and the details of their non-refusal to the recommendation or decision Not applicable
Additional Information The disbursement process will take place through the Arab National Bank so that it will be deposited directly into the shareholders' accounts linked to the investment portfolios with all local banks. We hope that the honorable shareholders will ensure that their account data is updated by calling the Arab National Bank at 920000478 during the official working hours from 8:30 pm Morning to 5:30 pm

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