Dividend Gate Capital continues to distribute cash dividends

Dividend Gate Capital continues to distribute cash dividends

Manama: Dividend Gate Capital Investment Group (DGC B.S.C) ended its Annual General Meeting and Extraordinary General Meeting announcing the realization of a net profit of 23% on the capital by the end of the financial year ending on March 31, 2022, with a profit growth rate of 21% over last year and an increase in the asset ratio by 40%. The fiscal year also witnessed a growth in revenues, and the Board of Directors approved the dividend distribution.

During the meeting, the shareholders discussed and approved the report of the Board of Directors on the group's business activities and the consolidated financial statements of the year ended on March 31, 2022, which witnessed an increase in revenues as a result of the continued diversification and progress of the group's business activities. The group also announced the selection of Riyadh as its second headquarters, and has begun to invest in promising sectors, including the Medical and Hospitality sector in the Kingdom of Saudi Arabia.

The Annual General Meeting and Extraordinary General Meeting was chaired by the Chairman of the Board of Directors, Mr. Talal Al-Zain, the Vice Chairman, Mr. Ebrahim Al Jassmi, the Managing Director, Mr. Mohammed Nedham Khonji and the CEO and