Zain Bahrain AGM approves dividend of 6 fils per share
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
The Annual General Assembly Meeting of Zain Bahrain, a leading telecommunications provider in the Kingdom, yesterday approved a recommendation to distribute annual dividends to shareholders representing 6% of its paidup capital, equivalent to 6 fils per share. Shareholders also approved a recommendation to transfer BD540,496 to statutory reserve and BD2,681 million as retained earnings for the following year.
Cash dividends will be paid to shareholders commencing 19 April 2021.
Attendees participated both physically and virtually via videoconferencing during the AGM held at Bahrain Bourse Business Center in Manama.
Shareholders during AGM approved the appointment of four board members and the election of three others for the next three years.
The members elected as Board of Directors are Shaikh Ahmed Bin Ali Al Khalifa, Ahmed Tahous Al- Tahous, Shaikh Rashid Bin Abdulrahman Al Khalifa, Bader Nasser Al-Kharafi, Yousef Khaled Al- Abdulrazzaq, Zaki Hilal Al Busaidi and Ali Hasan Al-Khaja.
In 2020, Zain Bahrain said it increased its investments and took various initiatives and proactive measures to improve its offerings and reduce the impact of COVID-19 on its customers and society at large.
“Despite the challenges and economic uncertainties, we managed through our resilient policies and programmes to increase our profits and per-share earnings by 3% in 2020.”
Looking ahead, Zain said it would remain committed to delivering the best telecommunication and digitization products and services in the world and further developing Bahrain as a leading technology hub in the region.