MANAMA: Bahrain Ship Repairing and Engineering Company (Basrec) shareholders have approved a cash dividend of 50 per cent of the share capital or 50 fils per share amounting to BD990,000 for the year ended December 2019.
The announcement follows the annual general meeting at the Gulf Hotel yesterday where chairman Fawzi Kanoo told shareholders that 2019 was an extraordinary year for Basrec in contrast with market context that is still difficult for the ship repairing industry .