The Chairman of the Board of Directors at Al-Safat Investment Company (OTC code #193), Abdullah Hamad Al-Tarkit, confirmed that the company were able to overcome the obstacles it was facing.
Al-Tarkit noted that the company’s general assembly approved the Board of Directors’ proposal to distribute 5% bonus shares.  These bonus shares are distributed at a rate of 5 shares for every 100 shares held and comes 13 years after the previous distribution.   
Al-Tarkit confirmed that the bonus share distribution is considered as a positive indication of the effectiveness of the company's strategy and its turnaround.  He further pointed out that despite the Corona pandemic, which had affected all sectors of the economy, the year 2020 has brought with it positive news of a balanced performance.