Dividend Gate Capital continues to distribute cash dividends to partners

Dividend Gate Capital continues to distribute cash dividends to partners

Manama: Dividend Gate Capital Group (DGC B.S.C) ended its Annual General Meeting and Extraordinary General Meeting announcing the realization of a net profit of 37% on the capital by the end of the financial year ending on March 31, 2023 with growth in profit percentages from the previous year and an increase in asset ratios. The past fiscal year also witnessed growth in revenue and the Board of Directors approved the cash dividend distribution.

During the meeting, shareholders discussed and approved the Board of Directors' report on the group's business activities and the consolidated financial statements for the group ending on March 31 2023, which has witnessed increase in revenue due to the continued diversification of the group's business activities which are concentrated in the markets of Kingdom of Bahrain, Kingdom of Saudi Arabia, the United Arab Emirates and Spain.

On this occasion, the Chairman of the Board of Directors of DGC Group, Mr. Talal Al-Zain, stated: "The group has witnessed increase in revenue due to the continued diversification of its business activities. It has continued to expand into new areas and diversify its investments in promising sectors including the healthcare and hospitality in the Gulf market."

In his speech, Mr. Talal commented