Mubasher: Bahrain Telecommunications (Batelco) will hold an annual general meeting (AGM) on 21 March to discuss a dividends proposal of 25% of capital.
The 25% dividend is equal to 25 fils per share payout.
A 10% will be deducted from this cash distribution as it includes the 10 fils per share that has been paid as interim dividend in the third quarter of 2015. The interim dividends totalled BHD 41.580 million ($110.29 million).
AGM will also discuss distributing bonus to board members at BHD 418,000 ($1.1 million) and transferring BHD 956,000 ($2.5 million) to legal reserve.
The telecom operator’s profit fell about BHD 56.845 million ($149.687 million), compared to BHD 57.388 million ($151,116 million) in 2014, down by 1%.
