Trafco Group holds AGM, approves cash dividend | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

  • Date: 30-Mar-2021
  • Source: The Daily Tribune - News of Bahrain
  • Sector:Financial Markets
  • Country:Bahrain
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Trafco Group holds AGM, approves cash dividend | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

The Annual General Meeting of Trafco Group announced approving cash dividends, for the year ended 31 December 2020, at a rate of 15% of the nominal value of the share, or 15 fils for each share amounting to BD 1,116,366 to shareholders.

The meeting also approved a proposal to transfer BD 110,453 to the statutory reserve, BD 50,000 to the general reserve, remuneration of the Board of Directors of BD 92,250, and charitable donations amounting to BD 50,000.

Shareholders registered in the records with a payment date of 15 April 2021 are eligible for the dividend. Ebrahim Zainal, the chairman, said the Group also contributed BD 30,000 to a charity campaign by the Royal Charity Organisation to support those affected by the pandemic in Bahrain.

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On the commercial activity, the chairman