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October 07 2026
Balexco Approve plans to list in Bahrain Bourse
BALEXCO Approves Plan to Go Public and List on Bahrain Bourse
Bahrain Aluminium Extrusion Company B.S.C. (Closed) announced the outcomes of its Annual General Meeting (AGM) for the financial year ended 31 December 2025 and its Extraordinary General Meeting (EGM), held at the Company’s premises in Sitra Industrial Area, in the presence of the Chairman and members of the Board of Directors, Executive Management, shareholders, and representatives of relevant entities.
During the AGM, shareholders approved the minutes of the previous AGM held on 6 April 2025. They also reviewed and approved the Board of Directors’ Report on the Company’s operations and financial position for the year ended 31 December 2025, as well as the External Auditors’ Report and the Company’s financial statements for the same financial year.
5% Cash Dividends and 5% Bonus Shares for Shareholders
The AGM also approved the Board of Directors’ recommendation regarding the allocation of profits for the financial year ended 31 December 2025, amounting to BHD 1.166 million.
The approved allocation includes BHD 117,000 transferred to the statutory reserve, representing 10% of the annual profit, a cash dividend of 5% of paid-up capital, equivalent to BHD 465,000, and bonus shares of 5% of paid-up capital, equivalent to BHD 465,000. The remaining BHD 49,000 will be transferred to retained earnings.
These distributions reflect the Company’s stable performance during the 2025 financial year, its continued profitability, and sales growth for the fourth consecutive year. This performance demonstrates the strength of BALEXCO’s business model and its ability to continue creating value for shareholders, while maintaining a sound financial position that supports its future growth and development plans.
Plan to Convert into a Public Joint Stock Company and List Shares on Bahrain Bourse
The EGM also approved the conversion of Bahrain Aluminium Extrusion Company B.S.C. (Closed) (“BALEXCO”) from a Bahraini Closed Joint Stock Company into a Bahraini Public Joint Stock Company and the listing of its shares on Bahrain Bourse.
The conversion and listing will be subject to the completion of the technical, financial, and legal studies being undertaken by the Board of Directors, and the Board’s satisfaction with the feasibility of the proposed conversion and listing, in a manner that serves the best interests of the Company and its shareholders.