Shareholders of Solidarity to get 15% dividends

MANAMA: Shareholders of Solidarity Bahrain, a subsidiary of Solidarity Group Holding, have approved the distribution of cash dividend of 15 per cent, equivalent to 15 fils per share.

The announcement follows the annual general meeting for the financial year ended 2019.

Shareholders have also approved financial statements for 2019, the reports of the external auditors and the Sharia Supervisory Board.

Chairman Tawfiq Shehab said, “Solidarity Bahrain concluded the year by maintaining its position as a leading insurance provider in the kingdom with its solid performance by introducing new initiatives and achieving milestones. At Solidarity Bahrain, our customers are at the top of our priorities, and hence, we work constantly to bring out new offerings that can be availed in the comfort of everyone’s home”.

In a statement, chief executive Jawad Mohamed said: “We take immense pride and pleasure in Team Solidarity for their steady efforts in continuously actualising the company’s objectives.

“This synergy and team effort resulted in many distinguished and innovative digital channels that serve our customers in the best and most efficient way possible.

“The journey of digitising our services is endless, and we remain true to our commitment in becoming a leading insurance provider in the country,” he added.

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