Terminals Bahrain Holds Annual General Assembly Meeting for the Financial Year Ended 31 December 2025

APM Terminals Bahrain held its Annual General Meeting virtually on Monday, 30 March 2026 at 11:30 AM, with the participation of the Company’s shareholders and board members.

The meeting was presided over by the esteemed Chairman, Mr. Soren S. Jakobsen, alongside Vice Chairman Dr. Faisal Kanoo and board members, including Mr. Jonathan R. Goldner, Vice Admiral Kevin M. Donegan, US Navy (Ret.), Mr. Rakan Al-Otaishan and Mrs. Tala Fakhro. Also in attendance were Mr. Matthew Luckhurst, Managing Director of APM Terminals Bahrain, Mr. Farooq Zuberi, Chief Financial Officer, and Mrs. Dana Al-Sendi, Legal Manager and Board Secretary.

Furthermore, attendance included shareholders, external auditors, and representatives from Bahrain Bourse, the Central Bank of Bahrain (CBB), and the Ministry of Industry and Commerce (MOIC), with Bahrain Clear serving as the official share registrar.

The assembly formally ratified the Board of Directors' report regarding the company’s activities and the external auditors' for the financial year ending 31 December 2025. In addition to approving the audited financial statements, the shareholders authorized the remuneration for the members of the Board of Directors for the 2025 fiscal year. Furthermore, the Board was officially discharged from liability concerning the management and conduct of the company’s operations for the year ended 31 December 2025.

In alignment with regulatory requirements, the meeting saw the approval of the 2025 Corporate Governance Report, confirming compliance with the standards set by the Central Bank of Bahrain and the Ministry of Industry and Commerce. The shareholders also approved the disclosure of related party transactions as detailed in the financial statements in accordance with the Commercial Companies Law.

For the upcoming fiscal period, KPMG Fakhro was re-appointed as the company’s external auditors for the year ending 31 December 2026, with the Board of Directors authorized to determine their fees.

Significantly, the shareholders did not approve the distribution of dividends for the 2025 financial year. The rejected proposal had suggested a cash dividend payment of 101.320 fils per share, or 101.320% of the paid-up capital, which would have amounted to a total distribution of BD 9,118,800. This measure is intended to protect the Company’s financial stability and allow it to recover from the external pressures arising from the regional situation and the closure of the Strait of Hormouz, which has created a challenging operating environment that has directly impacted the Company’s cashflow. The meeting concluded with a focus on maintaining the company's operational standards and governance framework moving forward.

The Annual General Meeting concluded with a formal reaffirmation of the Company’s steadfast commitment to maintaining high operational performance and rigorous governance standards.