Riyadh, (Business News report)|| The investment group Dividend Gate Capital (DGC) achieved a profit of 23% of the capital, by the end of the last fiscal year ending on March 31, 2022.
Dividend Gate Capital said that the capital grew by 21% over last year, and the asset ratio increased by 40%.
In the non-profit general assembly, the Board of Directors approved the continuation of the distribution of profits to shareholders.
The last fiscal year witnessed a growth in the Bahraini company’s revenues.
The shareholders discussed and approved during the meeting the report of the Board of Directors on the group’s business activities and the consolidated financial statements of the group ended on March 31, 2022, which witnessed an increase in revenues as a result of the continuous diversification of the group’s business activities.
The group also announced the adoption of Riyadh as its second headquarters, and has begun to invest in promising sectors, including the medical sector and the hospitality sector in the Kingdom of Saudi Arabia.
The Ordinary and Extraordinary General Assembly was held under the chairmanship of the Chairman of the Board, Mr. Talal Al-Zein, the Vice Chairman of the Board, Mr. Ibrahim Al Jasmi, the Managing Director, Mr. Muhammad Nizam Khanji, and the CEO and Board Member, Mr. Khaled Al Hammadi.
On this occasion, the Chairman of the Board of Directors of Dividend Gate Capital Group, Mr. Talal Al-Zain, said: “The group is pleased, on the occasion of its fifth year, to announce its success despite the challenges and competition in the local and global markets alike.”
He added, “While the market conditions remain full of challenges, we nonetheless see that there are opportunities available to engage in promising investments and achieve strong returns and great value for investors and shareholders.”
Meanwhile, the Managing Director of Dividend Gate Capital Group, Mr. Muhammad Nizam Khanji, said: “We are proud of each of the company’s employees and are always keen to develop the skills and capabilities of all its employees to continue achieving our vision.”
He stressed that the company is on the right track in achieving its strategy.
CEO and Board Member Khaled Al Hammadi said: “We are pleased to announce another year of good returns, while continuing to make progress across the group’s business lines for the benefit of our partners.”
He pointed out that the group’s results clearly demonstrate the strength of its technical performance and its ability to respond quickly to the market situation, especially in markets where we see significant changes.