Monday 25 July 2016
 
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Payout

BKIC approves 30pc cash dividend payout

Bahrain Kuwait Insurance Company’s (BKIC) shareholders will receive a cash dividend of 30 per cent (BD2.1 million/$5.6 million) of the paid-up capital, it has emerged reported the Gulf Daily News (GDN), our sister publication.

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NBB pays 35pc dividend to shareholders

National Bank of Bahrain (NBB) has awarded its shareholders total cash and stock dividend payouts of 35 per cent for last year, said a report in the Gulf Daily News (GDN), our sister publication.   To re

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Payouts for petrol price rise backed in Bahrain

An urgent proposal to compensate Bahrainis for higher petrol prices has been unanimously approved by parliament. It was tabled yesterday (February 2) by 22 MPs led by Mohammed Al Ahmed, after the government raised petrol prices at the pumps on

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$13m payout call in theme park row in Bahrain

An investor behind a proposed theme park in Muharraq, which was set to feature Bahrain’s first indoor ski slope, will seek BD5 million ($13.1 million) in compensation if his contract is terminated. The Muharraq Municipal Council said it

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130,000 enlist for subsidy payouts in Bahrain

More than 130,000 Bahraini breadwinners have so far been registered for cash payouts they will receive once government meat subsidies are scrapped. Around 117,000 were automatically signed up as they were already enrolled with the Social Devel

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Awal Bank wins $700m payout judgement

A Bahraini bank has won a massive payout from a Saudi businessman described as ‘one of the biggest monetary judgements ever awarded in the GCC.’ Maan Al Sanea has been ordered by Bahrain's High Civil Court to pay A

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Payout delay agony for Bahrain Air staff

Today (February 12) marks the second anniversary of Bahrain Air going into liquidation, leaving hundreds of employees without a job and thousands of customers out of pocket. Millions of dinars are still owed by the former airline,

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Big Saudi firms to pay bonuses after royal handout

Several of Saudi Arabia's largest listed companies said on Monday they would pay out hundreds of millions of dollars in bonuses, days after the new king ordered a handout to Saudi state employees to mark his accession. Saudi A

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Bahrain officials reject $1.6bn payout criticism

Top government officials have rejected criticism after Bahrain allegedly paid out BD600 million ($1.6 billion) to foreign owned companies last year. Some MPs have alleged firms from countries such as the UK and US were given prior

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Bahrain Air investors face action over payout

Investors in liquidated airline Bahrain Air are being threatened with legal action unless they hand over outstanding severance package payments, a report said. Hundreds of former employees are still waiting for the second half of

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