Al-Babtain decides to raise subsidiary capital to SAR 30M

11/08/2025 Argaam
Logo ofAl-Babtain Power and Telecommunications Co.

Logo of Al-Babtain Power and Telecommunications Co.

Al-Babtain Power and Telecommunications Co.’s board of directors decided today, Aug. 11, to increase capital of its wholly owned subsidiary, Al-Babtain LeBlanc Communications Systems Co. (a one-person LLC), from SAR 10 million to SAR 30 million, according to a statement to Tadawul.

 

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The planned capital hike will be funded by capitalizing a SAR 20 million portion of the current account balance owed to Al-Babtain, the statement added.

 

The company said the move aims to strengthen the subsidiary’s financial position, grow its business, and develop operations.

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