Board Meeting no. (4/2/2024) on April 23, 2024

The Board of Directors held its meeting no. (4/2/2024) on Tuesday, April 23, 2024 at 5:00 pm at the headquarters of the Riffa Views Company, and issued its decisions according to the items below:

1. Approval of the Minutes of Meeting No. 3/2/2024 Held on March 4, 2024 

The Board reviewed the minutes of the previous meeting and approved them.

2. General Assembly Meeting and Board Elections for 2024-2026 

The Board reviewed a report from the Association Manager regarding the ongoing preparations for the General Assembly meeting and the Board elections for the upcoming term. The Board instructed the Association Manager to take all necessary measures to ensure the successful organization of the meeting and the elections.

3. Renewal of the STP Operator Contract with Metito 

The Association Manager informed the Board that Metito, the operator of the STP, had offered a discounted renewal proposal for the service contract for three years with a 12% reduction. After discussion, the Board approved the renewal of the contract for a monthly fee of BHD 5,000 (excluding VAT) for the period from March 1, 2024, to February 28, 2027.

4. Recognition of Teams Working During Recent Heavy Rains 

The Association Manager highlighted the importance of recognizing the teams who worked during the recent heavy rains in Bahrain. These teams worked continuously from the onset of the rains, and their efforts were instrumental in mitigating the damages caused. After discussion, the Board praised these efforts and instructed the Association Manager to prepare a report with the names of the team members and the proposed rewards. The Board also tasked the Association Manager with recognizing the team leaders during the upcoming General Assembly meeting.

5. Activation of Deferred Credit Card Payments for Service Charges 

The Board reviewed the Association Manager’s report on the fees that would be incurred by enabling the option of deferred credit card payments for service charges. After discussion, the Board emphasized the importance of activating this service as it would help increase fee collection. However, given that the current Board’s term is nearing its end, the Board directed the Association Manager to postpone this matter for further discussion with the newly elected Board.

6. Board Members’ Remuneration for the Second Half of the Second Term (2022-2024) 

The Board reviewed the attendance and participation report for Riffa Views Owners Association Board members in the regular meetings during the second half of the second term (September 19, 2023 – March 18, 2024). 

In accordance with the Association’s By-Laws, the Board approved the disbursement of remuneration to Board members for the second half of the second term (2022-2024), amounting to BHD 625 for each Board member.

7. Any Other Business

No additional topics were discussed under this item.

As the current Board’s term was coming to an end, the Board extended its thanks and appreciation to all Association members for their valuable suggestions and efforts in facilitating the Board’s work. The Board also expressed gratitude to the Association Manager, his team, and all service providers, both companies and individuals. The Board wished the newly elected Board success in its upcoming term.

The meeting ended at 6:20 p.m.