Batelco Distributes BD 42.5 Mln Monetary Dividends to Shareholders
2018-04-12 - 8:03 p
Bahrain Mirror: Batelco Ordinary General Assembly approved a monetary dividend of BD 42.58 million, i.e. 25% of the paid capital equivalent to 25 fils per share for the financial year that ended on December 31, 2017, and the payment of the profits are to start on April 8.
The General Assembly, whose quota reached 83% of attending shareholder, approved the allocation of BD 87.28 thousand to donations and charitable, social and sports activities.
The Assembly also approved the Board of Directors' proposal to distribute a remuneration of BD 390.5 thousand to the members of the Board of Directors for the financial year that ended on December 31, 2017.
It further approved assigning the Board of Directors' to purchase treasury shares more than 10% of the Company's capital to support the share price and liquidity in the Bahrain Stock Exchange or for any other purpose with the approval of the Central Bank of Bahrain.
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