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PRESS RELEASE: Shareholders of Bahrain Car Parks Company approve adding the abridged name “Amakin” to the company’s commercial name

July 29 2021

Shareholders of Bahrain Car Parks Company approve adding the abridged name “Amakin” to the company’s commercial name

Bahrain Car Parks Company B.S.C., a publicly-listed company on the Bahrain Bourse (trading code: CPARK), held its Extraordinary General Meeting yesterday, 28 July 2020, via video conferencing with a quorum of 70.15%, where the shareholders approved to add the abridged name “Amakin” to the company’s commercial name which will be amended to “Bahrain Car Parks Company (Amakin) B.S.C.”.

On the occasion of this EGM, the Chairman of Bahrain Car Parks Company, Mr. Amin Ahmed Alarrayed, said, “Introducing the abridged name “Amakin” reflects the direction of the five-year corporate strategy which was approved by the Board of Directors in August last year. Above and beyond being a parking space provider, we aspire to become the preferred mobility integrator in the region by adopting seamless solutions and technologies”.

Chief Executive Officer of Bahrain Car Parks Company, Mr. Tariq Ali Aljowder, said, “Firstly, we would like to thank the shareholders for approving the amendment to the company’s commercial name. We worked with a leading branding firm that helped us create a new identity and a new name that is aligned with our strategic direction. “Amakin” represents our expansion in the physical and digital space, transformation of the services we offer and digitization of the customer journey. We are excited about the new brand and looking forward to the launch which is planned in September this year”.

Established in October 1981, Bahrain Car Park Company B.S.C., is a public company that has been listed on the Bahrain Bourse since March 2006. The Company operates in the commercial and professional services sector and specializes in the construction, development and management of parking lots.

Bahrain Car Parks Company would like to inform its shareholders that the full set of audited financial statements and the press release are available on the Bahrain Bourse website.

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