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MANAMA: Bahrain National Holding (Trading Code: BNH), successfully held its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on 23rd March 2025 at the Gulf Hotel, Gulf Convention Centre, with shareholders, board members, and senior executives in attendance.
During the AGM, shareholders reviewed the company’s financial performance for the year ended 2024 and approved key resolutions, including the distribution of cash dividends to the shareholders at 35% of the paid-up capital (35 fils per share) amounting to BD 4.15 million for the year ended 2024, excluding treasury shares. The meeting also highlighted BNH’s strategic achievements and future plans aimed at strengthening its market position and delivering sustainable value to stakeholders.
The EGM was convened to discuss and approve an amendment to resolution No. 2 passed at the Extraordinary General Assembly Meeting held on 3rd October 2024. The shareholders approved the sale of 100% of Bahrain National Holding Company B.S.C.’s shares in Bahrain National Insurance Co. B.S.C. (closed) to Solidarity Group Holding B.S.C. (closed) or any of its affiliates, subject to the approval of the Central Bank of Bahrain. Additionally, the shareholders authorized the Board of Directors to approve the final structure of the share transfer transactions related to the sale of 100% of Bahrain National Holding Company B.S.C.’s shares in Bahrain National Insurance Co. B.S.C. (closed) and Bahrain National Life Assurance Company Co. B.S.C. (closed), subject to the approval of the Central Bank of Bahrain.
