AMAKIN HOLDS ITS AGM & EGM MEETINGS 2023

AMAKIN HOLDS ITS AGM & EGM MEETINGS 2023

Bahrain Car Parks Company (Amakin) – trading symbol: CPARK, held its Annual General Meeting at Bahrain Bourse Business Center at Bahrain Financial Harbour, led by Mr. Amin Alarrayed, Chairman of Amakin.

During the meeting, minutes of the previous AGM and EGM, which were held on 30 March 2022, were discussed and approved along with Amakin’s Financial Statements for the year ended 31 December 2022. Approval was given to the distribution of cash dividends to shareholders (excluding treasury shares) of 6 fils per share, at the rate of 6% of the paid-up capital, equivalent to BD 655,816 for the fiscal year ending 31 December 2022. Approval was also granted to the Board of Directors’ proposal for total remuneration of BD52,500 for the year ended 31 December 2022.

Amakin highlighted that the year 2022 is an extension of its effort to enhance Bahrain’s parking ecosystem and ultimately establish the Kingdom among the top in the regional parking landscape. Throughout the year, the firm fulfilled its promise, delivering excellent outcomes in a wide range of disciplines, exceeding net profit actual by 4% while increasing revenue by 15% from the previous year.

Throughout the year, the company delivered outstanding operational and financial results to its stakeholders, bolstered