Page 25 - SAMENA Trends - March 2020

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

stc Signs United Nations Women Empowerment Principles

As part of the Sustainable Stock Exchanges Initiative “Ring the document was submitted in the presence of Maha AlNuhait, GM of
Bell for Gender Equality”, stc signed the United Nations Women Sustainability Program at stc and Janneke van der Graaff - Kukler
Empowerment Principles. The event was held by the Saudi Stock Deputy Regional Director at UN Women. The Sustainable Stock
Exchange, Tadawul, along with 90 financial markets around Exchanges (SSE) initiative has five pillars of activity: Partnerships
the world, in conjunction with International Women’s Day. The to achieve Goals, Climate Action, Responsible Consumption
and Production, Decent Work and Economic Growth and Gender
Equality. The stc’s interaction with International Women's Day
confirms the company's commitment to achieving sustainable
development goals and implementing best sustainability practices
in the company by supporting Saudi women and allowing them
to hold executive positions. stc has previously launched the first
board to empower women and enhance their participation in the
business market. This stems from the company’s belief in the
importance of investing in its employees and providing them
with the best opportunities to develop their skills and knowledge.
This step comes in line with Saudi Arabia's Vision 2030, and
stc’s commitment to the national transformation program, which
aims to enable the community categories to get into the market,
making it more of a trend thus increasing Saudi women economic
participation.

Batelco AGM Announces BD45.7M Cash
Dividends for 2019

Batelco, the Kingdom’s leading digital
solutions provider, held its Annual
General Meeting (AGM) for the twelve-
months ended 31 December 2019 (“the
year”). The meeting was held at Hamala
headquarters, in the presence of the
Chairman, Management and Shareholders
utilizing video conferencing across two
locations to limit numbers in any location
and encourage social distancing. This was
done in compliance with the guidelines
for holding general assembly meetings, in
accordance with the laws of the Kingdom of
Bahrain. The 40th AGM saw shareholders
approve the recommendation of the Board
of Directors for a full year cash dividend
of BD45.7M (US$121.2M), at a value of
27.5fils per share, of which 10fils per
share was already paid during the third
quarter of 2019 with the remaining 17.5fils appointed four members to the Board, bin Khalifa Al Khalifa and will announce the
announced during the meeting to be paid Shaikh Abdulla bin Khalifa Al Khalifa, name of the other representatives at a later
in the coming weeks. The meeting included Mr. Raed Abdulla Fakhri, Mr. Abdulla time. The Social Insurance Organization
the appointments and elections of Board Abdulhameed Alhammadi, and Mrs. (SIO) has appointed Mr. Khalid Hussain Taqi
Members for the next three year term Fatema Ghazi Al-Arayedh. Amber Holdings and Mr. Abdulla Abdulrazak Bokhowa. Two
2020-2023. Mumtalakat Holding Company has appointed two members, Shaikh Ali members were elected by the shareholders

25 MARCH 2020