SICO Concludes Annual General Meeting via Teleconferencing; Approves 5% Cash Dividend

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 2021 its Annual General Meeting (AGM) after establishing 100 percent quorum . During the meeting the shareholders approved the items in the AGM agenda including the Board of Directors’ proposed distribution of BD 2.142 million in cash dividends for the financial year ended 31 December 2020 (5% of the nominal share value), representing 5 Bahraini fils per share. Shareholders also approved the transfer of BD 296 thousand to the statutory reserve, BD 40 thousand to charitable donations (Corporate Social Responsibility) and the remaining sum of BD 481 thousand to the retained earnings account.

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