Batelco Group AGM Approves BD41.6M Cash Dividend

29/03/2018 14:45 AST

Batelco Group, the international Telecommunications Group with operations across 14 countries, today held its Annual General Meeting (AGM) for the twelve-months ended 31 December 2017 (“the year”) and additionally an Extra-Ordinary-General Meeting (EGM) in relation to Obtaining Shareholders approval on amending the memorandum and articles of association of the Company to comply with the recent requirements in the Commercial Companies law. The meetings, held at Hamala headquarters, were attended by Shareholders, Company Directors, Batelco management and members of the media.

The Group’s 38th AGM saw shareholders approve the recommendation of the Board of Directors for a full year cash dividend of BD41.6M (US$110.3M), at a value of 25 fils per share, of which 10 fils per share was already paid during the third quarter of 2017 with the remaining 15 fils to be paid in the coming weeks.


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