Soliderri Bahrain (SEB (Trading Code: Solid, one of the largest insurance companies in the Kingdom of Bahrain, and the company of Solidari Holding Group, held its annual annual meeting, on Wednesday, March 19, for the fiscal year ending December 31, 2024.
The meeting was chaired by His Excellency Sheikh Khalid bin Mishail Al -Mashani, Chairman of the Board of Directors, and was attended by shareholders and representatives of the Ministry of Industry and Trade, the Central Bank of Bahrain, Bahrain Stock Exchange and external auditors.
The agenda of the annual general assembly meeting started with a review and approval of the previous meeting minutes, in addition to the financial statements for the year ending December 31, 2024. The shareholders approved the recommendation of the board of directors regarding the distribution of a grant of 27.5% of the paid -up capital, equivalent to 3,666,667 Bahraini dinars, i.e. one share per 3.636 owned shares.
It is worth noting that the Central Bank of Bahrain has been approved to distribute the shares mentioned above.
On this occasion, Sheikh Khalid bin Misheil Al -Mashani, Chairman of the Board of Directors, commented: “Solidarti Bahrain continues to achieve strong performance throughout the year, and this is reflected in its strong financial results.
Where these efforts reflect our commitment to continuous development during the past year and our ambition to consolidate our position as a leading company in this field.
He added: “We are fully confident that Solidarti Bahrain will maintain its growth path as a result of our ongoing achievements in the insurance sector in the Kingdom.”
Mr. Jawad Mohamed, CEO of Solidarti Bahrain, commented: “We are successful to conclude the year successfully, as we launched many initiatives and have achieved many achievements thanks to the tireless efforts of the Solidarti Bahrain team, as well as our strong financial performance, we have witnessed great internal and external growth, and we always strive to continue our progress during the next year.”
