Riyadh – Mubasher: Al Babtain Power and Telecommunication said Monday that the board of directors (B o D) recommended paying out cash dividends at SAR 1, or 10% of the stock’s nominal value for the first nine months of 2016, a bourse filing revealed.
Shareholders of record until 4 December 2016 would be entitled to the dividend distribution, totaling SAR 42.6 million.
The company’s net profit for the nine-month period rose 18.92% to SAR 116.9 million.
