Dividend Gate Capital achieved 18% net profits for the financial year ending March 31, 2020 and continues to distribute dividends to its partners

Manama: Dividend Gate Capital (DGC) Group announced its Financial Results for the financial year ended on March 31st, 2020, with net profit of 18%. The Board of Directors decided to continue distributing dividends to its partners whereas the total investments of DGC  and partners reached $20 million dollars. Furthermore, the company portfolio size reached 26 companies, most of which based in Bahrain.

The group has also achieved a growth of 80% in profits compared to last year, and the rate of increase in average returns on capital reached 21% until the date of announcing the results. During this period, the group succeeded in achieving an increase in cash dividends by 11% compared to last year.

Mr. Talal AlZain, Chairman of the Board of Directors, stated “DGC group are pleased to achieve this steady progress despite the challenges and competition in the local and global markets. While market conditions remain full of challenges, we nevertheless see that there are opportunities available for promising investments and restructuring business activities to achieve rewarding returns and great value for partners and shareholders.”

“We are proud of every member in DGC whose hard work, focus and commitment over the past months has had a great impact on our business continuity strategy implementation while serving our customers and partners in the best form.” said the Managing Director of Dividend Gate Capital, Mr. Mohammed Nedham Khonji. “The group holds more than 400 employees and the percentage of Bahrainization in the senior executive management exceeds 80%.” he added.

Commenting on the results, Khaled Al Hammadi, Chief Executive Officer and Board Member, said: “We are pleased with our strong performance over the past year, and we are looking forward to expand our business and investments outside of Bahrain, upon our strong presence in the market DGC has been chosen as the Most Innovative Private Equity Firm in the region for the year 2019.” Al Hammadi added, “Our results clearly demonstrate the strength of our technical performance and our ability to instantly respond to the markets climate, especially in markets where we see major changes.”