BH Leasing Shareholders to Approve Key Resolutions at Annual General Meeting
The shareholders of BH Leasing are summoned to an ordinary general meeting on April 15, 2026, to approve eleven resolutions, including the approval of accounts, governance, and new financing capabilities.
Financial Highlights
- The net profit for 2025 amounts to 2,854 MTND.
- After integrating the carried-over amount and calculating reserves, 2,183 MTND will be allocated to the carried-over amount.
- No dividend will be distributed for the 2025 fiscal year.
- The company has prior losses of 5,597 MTND, which are expected to be fully absorbed by the end of the 2026 fiscal year.
Governance and Appointments
- The general meeting will need to ratify the co-optation of Mohamed Mabrouk as administrator and chairman of the board of directors.
- The meeting will also renew the mandates of six administrators for a period of three years, including:
- Mohamed Mabrouk
- Ahmed Trabelsi
- Representatives of four companies (BH Bank, BH Assurances, BH Equity, and Société El Bouniane)
- An independent administrator will be appointed for a three-year term (until the general meeting that approves the 2028 accounts).
Financing and Capital Structure
- The general meeting is invited to authorize the issuance of one or more subordinated loans up to a total amount of 50 MTND, within a period of three years.
- The board of directors will have the power to determine the successive amounts, terms, and conditions of the loans.
- The subordinated nature of the proposed loans aims to align with regulatory minimums for equity ratios, if needed, in addition to financing for business development.
Investment Outlook
- We believe that the stock is a good long-term investment, with significant potential for capital appreciation.
- We also expect the resumption of dividend distribution within a maximum of two years.
