Manama - National Finance House: The General Assembly of the National Finance House Group agreed to distribute cash dividends at the rate of 6 percent of the paid-up capital (450 thousand Bahraini dinars) for the fiscal year 2020. This came in the annual general meeting held on the fifteenth of March 2021. The Group recorded a net profit of 925 thousand Bahraini Dinars for the year ended 31 December 2020 compared to one million and seventy thousand Bahraini Dinars in 2019.
On this occasion, the Chairman of the Board of Directors of the Group, Mr. Talal Fouad Kanoo, stated: “I am pleased to announce that NFH has achieved good financial performance for the year 2020 despite the unprecedented challenges caused by the Covid-19 pandemic.” Mr. Kanoo added, “Throughout the COVID-19 global pandemic, our top priority was to protect the health and safety of our people, customers and partners by adhering to social distancing measures and through remote working, when and wherever possible.
We also took significant steps to protect the financial health of the business by implementing measures introduced by the Central Bank of Bahrain (CBB) and the Government, which included payment deferrals to preserve liquidity and ensure sustainable growth of the business”.
Mr. Kanoo also expressed his gratitude and appreciation to the Government of the Kingdom of Bahrain and its institutions for taking the effective measures that reduced the impact of the pandemic by launching the economic stimulus package.