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

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



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