Al Babtain Power and Telecommunication company announces increase the capital one of its subsidiaries in Kingdom of Saudi Arabia | premargin

Al Babtain Power and Telecommunication company announces increase the capital one of its subsidiaries in Kingdom of Saudi Arabia

TadawulAugust 11, 2025View on exchange

Element List	Explanation
Announcement Detail	The Board of Directors of Al Babtain Power and Telecommunication Company, by circulation on 11/08/2025, decided to increase the capital of Al Babtain LeBlanc Communication Systems Company (a single-member limited liability company – one of its subsidiaries in the Kingdom of Saudi Arabia, wholly owned by 100%) from SAR 10 million to SAR 30 million, an increase of SAR 20 million. The capital increase will be carried out by capitalizing part of the current account balance in favor of Al Babtain Power and Telecommunications Company in Al Babtain LeBlanc Communications Systems Company. The aim of this increase is to support the finance position of subsidiary company and develop its activities in addition to developing its business. The capital increases under condition of approval of regulatory bodies.

Element List

Explanation

Announcement Detail

The Board of Directors of Al Babtain Power and Telecommunication Company, by circulation on 11/08/2025, decided to increase the capital of Al Babtain LeBlanc Communication Systems Company (a single-member limited liability company – one of its subsidiaries in the Kingdom of Saudi Arabia, wholly owned by 100%) from SAR 10 million to SAR 30 million, an increase of SAR 20 million. The capital increase will be carried out by capitalizing part of the current account balance in favor of Al Babtain Power and Telecommunications Company in Al Babtain LeBlanc Communications Systems Company.

The aim of this increase is to support the finance position of subsidiary company and develop its activities in addition to developing its business.

The capital increases under condition of approval of regulatory bodies.