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FinancialNews


  • 07-04-19

    Bahraini telecom operator passes USD121.2m cash dividend

    (MENAFN) Bahrain's telecom operator Batelco Group passed a full year cash dividend valued at USD121.2 million following breaking a record high in revenues with a 7 percent boost.

    Revenues registered a significant boost as a result of a healthy performance in home market, explained Batelco chairman Sheikh Abdulla bin Khalifa Al Khalifa.

    "We have a strong platform in place to build on in order to sustain long-term success for the Group and continue to deliver strong value for our shareholders," the chairman affirmed.

    Last year was a "turnaround year", Batelco Group CEO Ihab Hinnawi emphasized, saying that it witnessed the launch of a transformation plan and main investments in some services.

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