Shareholders of Solidarity Bahrain, one of the largest insurance companies in Bahrain and a subsidiary of Solidarity Group Holding, have approved the board of directors’ recommendation on the distribution of 25 per cent of cash dividend, which is equivalent to 25 fils per share, for the financial year ended December 31, 2023.
The announcement follows the annual general meeting of shareholders held yesterday in the company’s office in Seef.
It is worth noting that the above-mentioned cash distribution has been approved by the Central Bank of Bahrain.
The meeting was chaired by vice chairman to the board of directors Salman Al Mahmeed and attended by the shareholders, representatives from the Industry and Commerce Ministry, Central Bank of Bahrain, Bahrain Bourse, and external auditors.
The agenda of the annual general assembly commenced with reviewing and approving the minutes of the previous meeting, along with the financial statements for the year ended December 31, 2023.
Mr Al Mahmeed said: “Our constant achievements place Solidarity at a leading position in the insurance sector in Bahrain. As sector leaders, we reaffirm our commitment to providing added value to shareholders and look forward to continuing to grow our performance over the coming years.”
Jawad Mohamed, chief executive of Solidarity Bahrain, said: “We would like to extend our thanks and appreciation to the team for their dedication and constant effort that has enabled us to achieve many accomplishments during our journey of growth and development. We look forward to continuing to achieve strong financial results, as well as achieving growth at all levels.”
Send us your company’s news today and they could be featured on ABC’s Community News tommorow.
