Inovest holds AGM for 2017

Manama : Inovest yesterday held its Annual General Meeting (AGM) to discuss the Group’s performance and to approve the audited financial statements for the year ended 31st December 2017. 

The agenda for the Ordinary Annual General meeting included a review of the Group’s performance during the year, the Shariah, Auditor, and Corporate Governance reports for the same period, as well as the discussion and approval of the company’s financial results. 

Speaking on the occasion, Chairman of the Board of Directors, Dr. Omar Al Mutawa discussed the challenges faced in the closing quarter of 2017 and said that the company is looking forward to “complete the final year of three-year strategic plan on a successful note.”  

“We shall spare no effort to extend and deepen INOVEST’s mandate of successful returns to its shareholders, as well as its vision of discovering potential and delivering value; this we have no doubt will power us for long term and sustainable growth,” he stressed during the meeting held at the Bahrain Bourse Auditorium, in the Bahrain Financial Harbour yesterday. 

From his end, CEO, Murad Al Ramadan commented, “2017 was an eventful year, in which INOVEST was able to meet a number of operational milestones.”  

Looking ahead, he said that the company’s main priorities are to “successfully continue the implementation of the key initiatives started within the three-year strategy, and to recover the shortfalls of 2017.”

“The year will also bring about a kick off for a new strategic plan to carry us into 2019 and beyond,” he added. 

Dr. Omar Al Mutawa, INOVEST’s newly elected Chairman of the Board of Directors, Chief Executive Officer,  Murad Al Ramadan, the Chief Financial Officer Yasser Al Jar, the Shariah Advisory Board representative, as well as the company auditors Ernst and Young, representatives from the Central Bank of Bahrain, the Ministry of Industry, Commerce and Tourism, and the Bahrain Bourse were present.