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Following on from reports in several of Bahrain’s leading dailies regarding one of Batelco’s ex-employees, Abbas Mushaima, who is allegedly living in the garage of his father’s home, Batelco would like to provide the following information.
Mr. Mushaima applied for a housing loan in 1996 following the acquisition of land from the Ministry of Housing. The land is in Saar area (serial number of land 90/5285).
Batelco signed an agreement with Mr. Mushaima on 4th November 2000 to facilitate a Housing Loan through Batelco Housing Scheme. The address of the house, which was completed on 8th March 2003, is House No. 1387, Road 2138, Block 521-Saar.
Mr. Mushaima has already completed the loan repayments to gain full ownership of the house.
All paperwork is available with Batelco Human Resources Department to verify the above statement for any concerned parties.
Mr. Mushaima is one of the groups of Batelco ex-employees whose services were ended with the offer of a compensation package. The group have been offered BD 931,200 (nine hundred and thirty one thousand two hundred dinars) in total, as end-of-service payment. On average they have been offered 2.6 years of salary each.
Batelco has informed all 44 individuals that their share of the almost BD 1m payout is available for collection anytime. To date some employees have accepted and few are currently considering accepting the compensation.
About Batelco
Bahrain Telecommunications Company (Batelco) is the leading integrated communications’ provider in the Kingdom of Bahrain and a significant force among the regions key telecommunications players.
Batelco serves both the corporate and consumer markets in the most liberalised and competitive environment in the Middle East, and remains committed to delivering cutting-edge telecommunications to its customers in Bahrain and the MENA region. The Company’s management and staff are driven by an enthusiasm for delivering the best customer experience based on innovation, affordability and reliability of products and services.
Batelco offers complete, end-to-end telecommunications solutions for its residential, business and government customers. The comprehensive solutions portfolio covers mobile services, international roaming, Broadband Internet, satellite services, WiFi, and MPLS IP-VPN based network services utilising our Next Generation all IP Network providing Datacoms services over fixed and wireless platforms in addition to managed services including systems integration and management.
Batelco has invested US$1.4 billion in Bahrain’s telecom infrastructure since 1981, including significant investment in NGN (Next Generation Networks) infrastructure which has reinforced the Kingdom’s position as a leading communications hub. The Company’s shares are listed on the Bahrain Stock Exchange with a total capitalisation of approx US$ 3.1 billion as of June 2008.
With an ongoing strategy to grow overseas, the Batelco Group incorporates joint venture operations in Jordan, Kuwait, Yemen, Saudi Arabia and Egypt.
