Zain Bahrain held its Annual General Assembly Meeting (AGM) at Bahrain Bourse Business Center in Manama where attendees participated both physically and virtually via videoconferencing.
The AGM approved the Board of Directors' recommendation to distribute annual dividends to shareholders representing 6% of the company's paid-up capital, equivalent to 6 fils per share, along with the recommendation to transfer BD540,496 to statutory reserve and BD2,681 million as retained earnings for the following year. Cash dividends will be paid to shareholders commencing 19 April 2021.
The AGM also approved the appointment of four Board members and the election of three others for the next three years (2021-2023).
The members elected as Board of Directors are H. E. Shaikh Ahmed Bin Ali Al Khalifa, Mr. Ahmed Tahous Al- Tahous, Shaikh Rashid Bin Abdulrahman Al Khalifa, Mr. Bader Nasser Al-Kharafi, Mr. Yousef Khaled Al- Abdulrazzaq, Mr. Zaki Hilal Al Busaidi, and Mr. Ali Hasan Al-Khaja.
Commenting on the meeting, His Excellency Shaikh Ahmed Bin Ali Al Khalifa said, "Zain Bahrain increased its investments and took initiatives and measures to improve its offerings and customer experience"
Zain Bahrain increased its investments and took various initiatives and proactive measures in 2020 to improve its offerings and reduce the impact of COVID-19 on its customers and society at large.
Despite the challenges and economic uncertainties into which the world was plunged in 2020, the Group followed resilient policies and programs to increase profits and per-share earnings by 3% in 2020. The Group focuses on remaining committed to delivering the best telecommunication and digitization products and services in the world and further developing Bahrain as a leading technology hub in the region, the Group said in a statement.
Zain Bahrain invested in its network and customer experience in 2020, launching and expanding its 5G commercial services and developing 4G infrastructure to accelerate business opportunities for various sectors. The company launched a WhatsApp business channel and upgraded its zBot and self-care channels to enhance the digital experience for its customers.
The company also launched phase two of the Zain Delights program, the enrichment of B2B services, the provision of Remote Teleworker solutions, and the launch of Al Zain postpaid platform.
Zain Bahrain also took various initiatives to support youth, keep customers safe and connected, ensure the development of employees and the empowerment of women, support the community to help address COVID-19 challenges, and advance the company's CSR agenda, particularly in line with Bahrain's 2030 vision and the United Nations Sustainable Development Goals.