Manama: Dividend Gate Capital Group announced the holding of its General Annual Meeting and Extraordinary General Annual Meeting virtually headed by the Chairman of the Board of Directors, Mr. Talal Al-Zain; Vice Chairman of the Board, Mr. Ebrahim Hussain Al Jasmi; Managing Director, Mr. Mohamed Nedham Khonji; and CEO & Board Member, Mr. Khaled Al Hammadi
During the meeting, Al-Zain announced the Financial Results for the financial year ended on March 31st, 2021, with net profit of 19.3%. The Board of Directors decided to continue distributing dividends to its partners as the total investments of DGC and partners reached $27 million dollars with a growth of 35%. The group has also achieved a growth of 10% in profits. During this period, the group succeeded in achieving an increase in cash dividends by 56% compared to last year.
We remain pleased with our overall performance and ongoing diversification, which has enabled the Group to maintain steady progress throughout the past year. We will continue serving our partners and shareholders in the best form. said the Managing Director of Dividend Gate Capital, Mr. Mohammed Nedham Khonji.
Commenting on the results, Khaled Al Hammadi, Chief Executive Officer and Board Member, said: “We are very proud of how we’ve performed, we succeeded in maintaining a solid financial performance and sustainable profits by focusing on our strategy”. Al-Hammadi added: “Our strategy remains to expand regionally and internationally, the investments we have made in 2020 proved resilience during challenging periods. Our partners exhibited great confidence in the unique deals we were able to deliver under considerable market strain.”