SICO Concludes Annual and Extraordinary General Meetings Remotely; Approves 8% Dividends


SICO BSC (c), a leading regional asset manager, broker, market maker, and investment bank (licensed as a wholesale bank by the CBB), announced today that it concluded on 23 March 2022 its Annual General (AGM) and Extraordinary Meetings(EGM) where 94.48% of the shareholders approved the items in the AGM and EGM agendas including the Board of Directors’ proposed distribution of the dividend of 8% of the share capital, (5% cash dividends and 3% stock dividend), aggregating to BD 3.4 million( USD 9.1 million) after completion of the necessary Extra-ordinary General Assembly and regulatory formalities.

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