Nico Holdings Interim Board Chairperson, Gaffar Hassam, revealed that his firm is offering board of director positions to minority shareholders who are valuable to the to the company. He revealed of the development during Nico’s 49th annual general meeting.
“If you think you could add value to the board of directors, why don’t you submit your interest through the company secretary and we will consider it,” said Hassam, calling out those that are interested. News of a new board structure did not cease on the offer, as Hassam also revealed that a the firm will soon appoint a chairperson, as Nico has been under an interim chairperson for the past two years since Alaudin Osman retired.
Meanwhile Nico has celebrated its financial results of 2018, as figures showed a 15% increase in profit-after-tax by 15% from K11 billion in 2017 to K12.7 billion in 2018. “The financial performance of the group continued to strengthen despite increased provisions that we have had to make as we implemented some international accounting standards for the first time,” said the Interim Board Chairperson.