Al-Babtain to pay Q4-17 dividend on April 29

Al-Babtain Power and Telecommunication Co. will pay cash dividend for the fourth quarter of 2017 on April 29, it said in a bourse statement.

Shareholders of record on April 10, 2018, including those registered at the Securities Depository Center two trading days after this date, are eligible to receive the dividend.

Earlier this week, the company’s board had proposed a 5 percent cash dividend (SAR 0.5 per share) to be paid for the second half of 2017 amounting to SAR 21.3 million.