Manama: Bahrain National Holding (BNH) convened its Annual General Meeting (AGM) today chaired by Mr. Farooq Almoayyed, Chairman of BNH’s Board of Directors. The AGM presented an opportunity for discussion of the financial results, in which BNH achieved consolidated earnings results with a net profit of BHD7BNH BD 7.2 million in 2023.
The General Assembly approved the Group’s financial statements for the fiscal year ended 31 December 2023 and a recommendation by the Board of Directors to distribute a cash dividend of 35% (equivalent to 35 fils per share) will be distributed and paid from 11th April 2024.
In his address to the shareholders, Mr. Farooq Yusuf Almoayyed, Chairman of BNH Board, expressed his satisfaction with the annual results, as the Group has reached another milestone. He also noted that the Group is well-positioned for the future and said “The exceptional results achieved in 2023 are a testament to the operational excellence embedded across our portfolio companies. Strategic initiatives implemented in 2023 have laid the foundation for future growth, ensuring that BNH continues to create value for its shareholders”.
