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 awholesale bank by the CBB), announced today that it concluded on 23 March 2021 its Annual GeneralMeeting (AGM) after establishing 100 percent quorum . During the meeting the shareholders approved theitems in the AGM agenda including the Board of Directors’ proposed distribution of BD 2.142 million in cashdividends for the financial year ended 31 December 2020 (5% of the nominal share value), representing 5Bahraini 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 481thousand to the retained earnings account.
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