Riyadh – Mubasher: Al Babtain Power and Telecommunication Company set 12 April for its second ordinary general meeting (OGM), according to a bourse filing released Sunday.
The OGM will discuss cash dividends at 20% of the capital for the first nine months of 2015, totalling SAR 85.3 million.
The company is capitalised at SAR 426.3 million distributed across 42.63 million shares with a nominal value of SAR 10.
Earlier in March 2015, the OGM agreed to distribute cash dividends at 10% of the capital (SAR 1 per share) for the fiscal year 2014, totalling SAR 42.6 million.
The company’s profits rose last year by 34% to SAR 137 million from SAR 102 million in 2014.
Al Babtain’s stock closed Thursday’s trading with a rise of 0.58% to SAR 24.34.
