|27 February, 2019

APM Terminals Bahrain Board of Directors recommends 2018 dividend following successful IPO

This achieves a Dividend Yield of approximately 16.5% on the initial offer price of 660 fils.

Khalifa Bin Salman Port, Hidd, Bahrain. The Board of Directors of APM Terminals Bahrain B.S.C. proposed distribution of final dividend for the year ended 31 December 2018 to the Ordinary Equity Shareholders registered as last owners in the Company’s register on the date of upcoming Annual General Meeting (AGM) approving the financial statements and dividend distribution.

The proposed dividend is approximately 109% of the Company’s capital, i.e.  approximately 109 fils per share, amounting to total dividend of approximately BHD 9.8 million. This achieves a Dividend Yield of approximately 16.5% on the initial offer price of 660 fils.

The announcement came as the newly convened Board of the of Directors for APM Terminals Bahrain met formally for the first time on 24 February 2019.

Speaking on the occasion of the inaugural Board meeting, Chairman, David Skov, commented:

“This is a proud moment in the timeline of APM Terminals Bahrain and Khalifa Bin Salman Port. Our strong financial performance coupled with recommendation of distribution of a dividend and last years highly successful IPO, is testament to the progress we have made in recent years.

Our new Board brings together some of the most experienced and highly respected professionals from across the industry and region, to help lead and guide the continued business growth and development.

We look forward to continued success & deliver the very best experience for our customers and business partners with the support of all our employees and shareholders.”

Members of the newly constituted Board of APM Terminals Bahrain are -

David Skov - Chairman

Fawzi Ahmed Kanoo – Vice Chairman

Soren Sjostrand Jakobsen - Executive Director

Jesper Kjaedegaard – Non-Executive Director

Mohamed Bin Ebrahim Juma Alshoorgi – Independent Director

Nadhem Saleh Al-Saleh - Independent Director

Picture of Members of the Board joined by the CEO - Susan Hunter and CFO Farooq Zuberi during the Inaugural Board meeting.

-Ends-

Contact information

Tim Fallon

Memac Ogilvy Bahrain

Cell  +973 3362 7230

tim.fallon@ogilvy.com  

© Press Release 2019

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