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Solidarity Bahrain approves 15pc cash dividends for 2019

MANAMA, March 28, 2020

Solidarity Bahrain, one of the largest insurance companies in the kingdom, has announced that its shareholders had approved the company board's recommendation to distribute 15 per cent cash dividends (equivalent to 15 fils per share) for 2019.
 
A subsidiary of Solidarity Group Holding, the top insurer said the decision was taken at its Annual General Assembly Meeting for the financial year ended December 31, 2019 held in the presence of Chairman Tawfiq Shehab and other board members besides representatives from the Ministry of Industry, Commerce & Tourism, Central Bank of Bahrain, Bahrain Bourse and external auditors.
 
The meeting also saw board members review the reports of external auditors and the Sharia’s Supervisory Board. 
 
Shehab said: "Solidarity Bahrain concluded the year by maintaining its position as a leading insurance provider in the kingdom with its solid and vast performance by introducing new initiatives and achieving distinctive milestones."
 
"At Solidarity Bahrain, our customers are at the top of our priorities, and hence, we work constantly to bring out new offerings that can be availed at the comfort of everyone’s home," he stated. 
 
“This year has proven to be a successful and prosperous year, and therefore, we are raising the bars and setting higher stakes to set new standards in the insurance market,” he added.
 
CEO Jawad Mohamed said: "We take immense pride and pleasure in Team Solidarity for their steady efforts in continuously actualizing the company’s objectives. This synergy and team effort resulted in many distinguished and innovative digital channels that serve our customers in the best and most efficient way possible."
 
"The journey of digitizing our services is endless, and we remain true to our commitment in becoming a leading insurance provider in the country," he added.-TradeArabia News Service



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