Bahrain’s Batelco Group has approved a full year cash dividend of $121.2 million

Shareholders of Batelco Group, the Bahrain-based telecoms administrator with operations crosswise over 14 nations, has affirmed an entire year cash dividend of BD45.7 million ($121.2 million) in the wake of announcing record incomes.

Batelco executive Sheik Abdulla bin Khalifa Al Khalifa said income was up 7 percent year-on-year to reach BD405.9 million, driven by solid execution in its home market.

“We have a solid stage set up to expand on so as to support long haul accomplishment for the Group and keep on conveying solid incentive for our investors,” he said.

Batelco Group CEO Ihab Hinnawi portrayed 2018 as a “turnaround year”, bolstered by the progressing rollout of the gathering’s change procedure and key interests in focused administrations.

“We are extremely satisfied to take note of that expanding our incomes has paid back, with specific positive effect accomplished by the quickening of fiber usage and information infiltration. Our endeavors brought about noteworthy improvement for fixed broadband, datacom administrations and for computerized benefits over our business sectors of activity,” he said.

“We will proceed all through the coming year to additionally upgrade our association with clients and use business insight and information investigation as key drivers to make more client driven activities,” he included.

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