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.
Follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, to get all the latest tech news from the UAE and Gulf countries, which is updated daily.
more recommended stories
DAE has completed the delivery of six Boeing 787-9 Dreamliner aircraft to Bahrain’s Gulf Air
Dubai Aerospace Enterprise (DAE) has declared.
Employees in Saudi Arabia’s private sector are entitled to a 4-day holiday for Eid Al Fitr and Eid Al Adha
The move by Saudi’s Ministry of.
Saudi’s Public Investment Fund has launched the kingdom’s first commercial helicopter operator
The helicopter organization will offer private.
Lufthansa gas reported a 3 percent increase in passenger traffic in the UAE for 2018
European aeronautics giant Lufthansa gas detailed.