May 2018 97 www.bahrainthismonth.com marketplacebusinessbites Cash Dividend Approved Making An Impression A New Man For a New Vision Authorised Sponsor Appointed The shareholders of Bahrain Cinema Company (Cineco) approved the distribution of a cash dividend of 50 per cent of the paid-up capital, the equivalent of 50 fils per share equivalent to BD3,958,185 proposed by the board following the approval of the Central Bank of Bahrain. The announcement was made during the Annual General Meeting. The company’s net profit reported for the financial year ended December 31, 2017 is BD34.70 million as compared to BD4.87 million reported during the financial year ended December 31, 2016. The island’s newest hotel, Jumeirah Royal Saray, is inspired by the homes of Arabian royalty. From the stunning marble lobby to the location, guests are transported into a world of richness and attention to detail. Featuring 174 stunning rooms, as well as 10 luxurious summerhouses and four Royal Residences, which open before the end of the year, the resort takes its inspiration from the historical royal houses of Bahrain and traditional summerhouses, which are rich with artistic wooden carvings. The Palm Lounge all-day-dining restaurant overlooks turquoise blue waters and serves the finest coffee by Colombian baristas, the finest French pastries and world-class cuisine. Further restaurants and the property’s spa will open later in the year. Bahrain Bourse (BHB) and Almoayed Chambers signed an agreement to appoint Almoayed Chambers as an authorised sponsor on Bahrain Investment Market (BIM), an innovative equity market for growth companies in Bahrain and the wider MENA region. The agreement was signed by the chief executive officer of Bahrain Bourse, Shaikh Khalifa bin Ebrahim Al Khalifa and the chairman of Almoayed Chambers, Aymen Tawfeeq Almoayed. Shaikh Khalifa says: “The partnership with Almoayed Chambers supports Bahrain Bourse’s efforts to encourage and facilitate the listing of companies on Bahrain Investment Market, and increases the options available for prospective companies interested in listing on this market.” Tenmou announced the appointment of Nawaf Mohammed Al Kooheji as its chief executive officer. The strategic move was made in light of the company’s new vision to support the growth of the local economy by focusing on innovative investment opportunities and creating new partnerships and collaborations with key investors. He says: “I look forward to continuing to advance my professional career in this pivotal position. I am excited at the prospect of driving the new stage of Tenmou’s journey. I would also like to assert my commitment to the company’s strategy to provide support to entrepreneurs in Bahrain through the implementation of value-added projects, which will create job opportunities, drive progress and lead to the growth of the national economy.” An Island Resort Experience The Four Seasons Hotel Bahrain Bay is set to be a complete island resort with the addition of its own beach. Curving along the private island’s sun-drenched southern shore, the 160-metre expanse of pristine white sand is the ideal retreat for all the family. In addition to a dedicated play area where children can enjoy building sandcastles, parents and couples can look forward to a quieter zone, providing a tranquil haven to lounge in. Food will be served directly on the beach, and after dark, the new outdoor space will transform into a vibrant venue hosting torch-lit events. Set to open by this summer, The Four Seasons Beach will welcome hotel guests and spa members throughout the day at no additional charge.
RkJQdWJsaXNoZXIy Mjk0MTkxMQ==