25 Feb 2010
(MENAFN) Batelco announced plans of setting up a new company this year that would manage the group’s telecommunications operations within Bahrain.
The Group’s Chairman, Shaikh Hamad bin Abdulla Al Khalifa, said that last year Batelco began creating a group operating organizational structure to deliver its geographic expansion and business diversification.
Al Khalifa explained that this initiative included the establishment of a closed stock company, 100 percent owned subsidiary of Bahrain Telecommunications Company.
The group announced a 9 percent year-on-year growth in gross profits for 2009, which totaled $919.9 million, with net profit of $278.5 million for the year, marking its highest-ever levels.
Al Khalifa said that net revenues grew 8 percent to $712.54 million, earnings per share (EPS) remained steady at $193.3 cents compared to $191.99 cents in 2008.
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more