Board Change • 9h
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Hala Farouk Almoayyed was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Hala Farouk Almoayyed was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 03
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Fawaz Fuad Kanoo was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • May 12
Solidarity Bahrain B.S.C. to Report Q2, 2026 Results on Aug 13, 2026 Solidarity Bahrain B.S.C. announced that they will report Q2, 2026 results on Aug 13, 2026 Board Change • Apr 07
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Fawaz Fuad Kanoo was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 17
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Fawaz Fuad Kanoo was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 19
Full year 2025 earnings released Full year 2025 results: Revenue: ب.د89.5m (up 110% from FY 2024). Net income: ب.د9.42m (up 37% from FY 2024). Profit margin: 11% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Ankündigung • Feb 19
Solidarity Bahrain B.S.C. announces Annual dividend, payable on April 05, 2026 Solidarity Bahrain B.S.C. announced Annual dividend of BHD 0.0250 per share payable on April 05, 2026, ex-date on March 16, 2026 and record date on March 17, 2026. Ankündigung • Feb 18
Solidarity Bahrain B.S.C. to Report Q1, 2026 Results on May 11, 2026 Solidarity Bahrain B.S.C. announced that they will report Q1, 2026 results at 9:30 AM, Arabian Standard Time on May 11, 2026 Board Change • Feb 17
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Non Executive Director Ahmed Kassim was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Ankündigung • Feb 03
Solidarity Bahrain B.S.C., Annual General Meeting, Mar 16, 2026 Solidarity Bahrain B.S.C., Annual General Meeting, Mar 16, 2026. Board Change • Dec 23
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Non Executive Director Ahmed Kassim was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Ankündigung • Dec 10
Solidarity Bahrain B.S.C. to Report Fiscal Year 2025 Results on Feb 16, 2026 Solidarity Bahrain B.S.C. announced that they will report fiscal year 2025 results on Feb 16, 2026 Board Change • Nov 19
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Non Executive Director Ahmed Kassim was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Oct 21
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Executive Director Ashraf bin Adnan Bseisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Kassim was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 15
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ب.د29.2m (up 208% from 2Q 2024). Net income: ب.د4.56m (up 281% from 2Q 2024). Profit margin: 16% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Ankündigung • Aug 15
Solidarity Bahrain B.S.C. to Report Q3, 2025 Results on Nov 13, 2025 Solidarity Bahrain B.S.C. announced that they will report Q3, 2025 results on Nov 13, 2025 Board Change • Aug 14
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Executive Director Ashraf bin Adnan Bseisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Kassim was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Ankündigung • Jul 02
Solidarity Bahrain B.S.C. Announces Appointment of New Board Members The Board of Directors of Solidarity Bahrain B.S.C decided on 19th May 2025 to appoint Mrs. Hala Farooq Yusuf Almoayyed and Mr. Fawaz Fuad Ebrahim Kanoo as a Board Members in the Company, effective the current term until March 2026. Ankündigung • May 16
Solidarity Bahrain B.S.C. to Report Q2, 2025 Results on Aug 13, 2025 Solidarity Bahrain B.S.C. announced that they will report Q2, 2025 results on Aug 13, 2025 Reported Earnings • May 15
First quarter 2025 earnings released: EPS: ب.د0.007 (vs ب.د0.007 in 1Q 2024) First quarter 2025 results: EPS: ب.د0.007 (in line with 1Q 2024). Revenue: ب.د14.2m (up 40% from 1Q 2024). Net income: ب.د1.59m (up 2.1% from 1Q 2024). Profit margin: 11% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 27% per year. Board Change • May 06
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Executive Director Ashraf bin Adnan Bseisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Kassim was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Ankündigung • Apr 17
Solidarity Bahrain B.S.C. (BAX : SOLID) completed the acquisition of Bahrain National Insurance and Bahrain National Life Assurance from Bahrain National Holding Company B.S.C. (BAX:BNH). Solidarity Bahrain B.S.C. (BAX : SOLID) made a binding offer to acquire Bahrain National Insurance and Bahrain National Life Assurance from Bahrain National Holding Company B.S.C. (BAX:BNH) for BHD 75 million on August 8, 2024. BNH's board of directors will be meeting promptly to discuss the offer received from Solidarity. The Bahrain Bourse and the Central Bank of Bahrain have been informed of the receipt of the binding offer. This transaction is currently subject to further due diligence without limitation, receipt of all corporate (shareholder)and regulatory approvals, and signing of definitive agreements. As of September 10, 2024, The board of Bahrain National Holding Company has in principle approve the acquisition. As of September 11, 2024, Solidarity Group has obtained board approval to acquire Bahrain National Insurance and Bahrain National Life Assurance. The transaction is expected to be completed by the end of the fiscal year, subject to obtaining regulatory approvals and finalizing due diligence. As of January 9, 2025, Solidarity Bahrain B.S.C. (BAX : SOLID) signed a share sale and purchase agreement to acquire Bahrain National Insurance and Bahrain National Life Assurance from Bahrain National Holding Company B.S.C. (BAX:BNH) for BHD 75 million. The completion of the Transaction is subject to the satisfaction of conditions precedent, customary regulatory shareholder approvals and the successful completion of a capital-raising exercise in line with the conditions specified in the SPA. The Extra-Ordinary Assembly General Meeting of Solidarity Bahrain B.S.C. will be held on March 27, 2025. As of March 18, 2025, The completion of these transactions remains subject to the following approvals: • Approval by the EGMs of the Company, BNH, and Solidarity Group, respectively, for the acquisition and transaction variation • Regulatory approvals from the Central Bank of Bahrain (“CBB”) and any other relevant regulatory authorities. The Transaction is expected to reflect positively on Solidarity’s financials and increase the returns for the company. On March 23, 2025, Bahrain National Holding Company B.S.C.'s shareholders approved the transaction in Extraordinary General Meeting. On March 27, 2025, the shareholders of Solidarity Bahrain B.S.C. approved the transaction in Extra Ordinary General Assembly Meeting.
Solidarity Bahrain B.S.C. (BAX : SOLID) completed the acquisition of Bahrain National Insurance and Bahrain National Life Assurance from Bahrain National Holding Company B.S.C. (BAX:BNH) on April 16, 2025. As previously disclosed, upon completion of the Company’s ongoing capital increase exercise, Solidarity Bahrain will proceed to acquire BNI from Solidarity Group in accordance with the share purchase agreement executed between both parties on 18th March 2025. Reported Earnings • Feb 21
Full year 2024 earnings released Full year 2024 results: Revenue: ب.د56.2m (up 74% from FY 2023). Net income: ب.د8.07m (up 86% from FY 2023). Profit margin: 14% (in line with FY 2023). Board Change • Feb 10
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Executive Director Ashraf bin Adnan Bseisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Kassim was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Jan 07
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Executive Director Ashraf bin Adnan Besisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Habib was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: ب.د0.01 (vs ب.د0.007 in 3Q 2023) Third quarter 2024 results: EPS: ب.د0.01 (up from ب.د0.007 in 3Q 2023). Revenue: ب.د15.4m (up 96% from 3Q 2023). Net income: ب.د1.46m (up 51% from 3Q 2023). Profit margin: 9.5% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Board Change • Nov 18
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Executive Director Ashraf Adnan Bseisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Habib was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Ankündigung • Nov 15
Solidarity Bahrain B.S.C. (BAX:SOLID) acquired an additional 3.98% stake in Alliance Insurance P.S.C. (DFM:ALLIANCE) for AED 17.9 million. Solidarity Bahrain B.S.C. (BAX:SOLID) acquired an additional 3.98% stake in Alliance Insurance P.S.C. (DFM:ALLIANCE) for AED 17.9 million on November 14, 2024. As part of transaction, 39,850 shares were acquired at AED 450 per share. The transaction is approved by Central Bank of the UAE (CBUAE) and the Central Bank of Bahrain. The transaction has been funded through combination of debt and equity. This acquisition will raise Solidarity’s ownership in Alliance to 28.985%.
Solidarity Bahrain B.S.C. (BAX:SOLID) completed the acquisition of an additional 3.98% stake in Alliance Insurance P.S.C. (DFM:ALLIANCE) on November 14, 2024. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ب.د0.01 (vs ب.د0.007 in 3Q 2023) Third quarter 2024 results: EPS: ب.د0.01 (up from ب.د0.007 in 3Q 2023). Revenue: ب.د15.4m (up 96% from 3Q 2023). Net income: ب.د1.46m (up 51% from 3Q 2023). Profit margin: 9.5% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 16
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ب.د12.8m (up 58% from 2Q 2023). Net income: ب.د1.50m (up 40% from 2Q 2023). Profit margin: 12% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ب.د0.009 (vs ب.د0.008 in 1Q 2023) First quarter 2024 results: EPS: ب.د0.009 (up from ب.د0.008 in 1Q 2023). Revenue: ب.د18.3m (up 130% from 1Q 2023). Net income: ب.د1.55m (up 51% from 1Q 2023). Profit margin: 8.5% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • May 14
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Executive Director Ashraf Adnan Bseisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Habib was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 09
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Executive Director Ashraf Adnan Bseisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Habib was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Mar 25
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Executive Director Ashraf Adnan Bseisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Habib was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Mar 17
Upcoming dividend of ب.د0.025 per share Eligible shareholders must have bought the stock before 24 March 2024. Payment date: 08 April 2024. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 7.9%. Within top quartile of Bahraini dividend payers (7.1%). Lower than average of industry peers (12%). Ankündigung • Feb 29
Solidarity Bahrain B.S.C., Annual General Meeting, Mar 20, 2024 Solidarity Bahrain B.S.C., Annual General Meeting, Mar 20, 2024, at 09:00 Coordinated Universal Time. Location: Boardroom, Seef Tower 7th Floor, Manama, Kingdom of Bahrain Manama Bahrain Agenda: To approve the minutes of the previous Ordinary General Assembly Meeting held on 20 March 2023; to receive and approve the Board of Directors' report and the Financial Position on the Company's activities for the year ended 31st December 2023; to receive the Sharia'a Supervisory Board report for the year ended 31 December 2023; to receive the external auditor's report for the year ended 31 December 2023; to inform the shareholders of the Zakah rate due on the capital for the year ended 31 December 2023; and to discuss other matters. Declared Dividend • Feb 23
Dividend of ب.د0.025 announced Shareholders will receive a dividend of ب.د0.025. Ex-date: 24th March 2024 Payment date: 8th April 2024 Dividend yield will be 8.0%, which is higher than the industry average of 6.8%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (dividend approximately 8x free cash flows). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Feb 06
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Executive Director Ashraf Adnan Bseisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Habib was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Jan 01
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Executive Director Ashraf Adnan Bseisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Habib was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Dec 12
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Executive Director Ashraf Adnan Bseisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Habib was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ب.د0.007 (vs ب.د0.006 in 3Q 2022) Third quarter 2023 results: EPS: ب.د0.007 (up from ب.د0.006 in 3Q 2022). Revenue: ب.د10.6m (up 37% from 3Q 2022). Net income: ب.د1.16m (up 54% from 3Q 2022). Profit margin: 11% (up from 9.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year. Board Change • Oct 31
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Executive Director Ashraf Adnan Bseisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Habib was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Ankündigung • Oct 18
Solidarity Bahrain B.S.C. (BAX:SOLID) signed a share purchase agreement to acquire Al Hilal Life B.S.C from Ahli United Bank B.S.C. (BAX:AUB). Solidarity Bahrain B.S.C. (BAX:SOLID) signed a share purchase agreement to acquire Al Hilal Life B.S.C from Ahli United Bank B.S.C. (BAX:AUB) on October 16, 2023. Under the terms, consideration will be paid in cash. Completion is subject to approval of Central Bank of Bahrain. New Risk • Aug 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ب.د37.3m (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Dividend is not well covered by cash flows (201% cash payout ratio). Market cap is less than US$100m (ب.د37.3m market cap, or US$99.0m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ب.د0.008 (vs ب.د0.007 in 2Q 2022) Second quarter 2023 results: EPS: ب.د0.008 (up from ب.د0.007 in 2Q 2022). Revenue: ب.د11.2m (up 31% from 2Q 2022). Net income: ب.د1.26m (up 33% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Board Change • Jul 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Executive Director Ashraf Adnan Bseisu is the most experienced director on the board, commencing their role in 2017. Independent Non Executive Director Ahmed Habib was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent & Non-Executive Director Sharif Ahmadi was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 15
Upcoming dividend of ب.د0.02 per share at 7.8% yield Eligible shareholders must have bought the stock before 22 March 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 7.8%. Within top quartile of Bahraini dividend payers (6.8%). Higher than average of industry peers (6.8%). Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: ب.د0.028 (vs ب.د0.024 in FY 2021) Full year 2022 results: EPS: ب.د0.028 (up from ب.د0.024 in FY 2021). Revenue: ب.د31.4m (up 76% from FY 2021). Net income: ب.د3.73m (up 29% from FY 2021). Profit margin: 12% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year. Ankündigung • Feb 10
Solidarity Bahrain B.S.C. Recommends Distribution of Dividend for the Year Ended 31 December 2022, Payable on 06 April 2023 The Board of Directors of Solidarity Bahrain B.S.C resolved at its meeting held on 08th February 2023 to recommend the distribution of dividend of 20% of share nominal value, equivalent to 20 Fils per share amounting to BD 2,665,075 (Excluding Treasury Shares) for the year ended 31st December 2022 to the shareholders whose names are registered on the company's register on the record date. This is subject to the approval of the company's shareholders on the upcoming Annual General Meeting. The dividend will payable on 06 April 2023 with record date of 23 March 2023 and ex-dividend date of 22 March 2023. Board Change • Jan 19
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Tawfeeq Shehab was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Tawfeeq Shehab was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Tawfeeq Shehab was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 04
Solidarity Bahrain B.S.C. Announces Board Changes Solidarity Bahrain B.S.C. announced that the Board of Directors of Solidarity Bahrain B.S.C decided in its procedural Board Meeting held on November 11, 2022 to appoint the following as new Board Members: Sh. Khalid Mustahil Ahmed Al Mashani; Mr. Salman Saleh Al Mahmeed; Mr. Tariq Abdulhafidh Salim Al Aujaili. The above-mentioned Solidarity Group Holding B.S.C (Closed) Representatives will replace the following three Board of Directors of Solidarity Bahrain B.S.C. for the current term of the board ends in March 2023. Mr. Venkatesan Muniswamy, Mr. Bashar Nass, Mr. Ali Abdulrahim. Furthermore, the Board has elected Sh. Khalid Mustahil Ahmed Al Mashani as the Chairman of the Board and Mr. Salman Saleh Al Mahmeed as the Vice-Chairman of the Board. Ankündigung • Feb 25
Solidarity Bahrain B.S.C., Annual General Meeting, Mar 30, 2022 Solidarity Bahrain B.S.C., Annual General Meeting, Mar 30, 2022. Ankündigung • Feb 24
Solidarity Bahrain B.S.C. Proposes Cash Dividend Solidarity Bahrain B.S.C. announced that Board of Directors proposed to distribute cash dividend of 20% of the paid-up capital, equivalent to 20 Fils per share amounting to BD 2,398,408 (Net of treasury shares). The dividend recommendation is subject to the approval of the related regulatory authorities and the Company's shareholders in the upcoming Annual General Meeting. 
