Press Releases

Seef Properties Reports Net Profit of BD5.20 Million During the First Half of 2017

Seef Properties announced the financial results for the first half of 2017 which resulted in a significant increase in the net profit reaching BD5.20 Million, a 15.9% increase from BD4.49 compared to the same period last year. A total of BD2.76 Million was posted during the second quarter of 2017 compared to BD2.29 Million recorded during the same period last year.

Seef Properties also reported an Operating Income of BD8.88 Million during the first half of 2017 compared to BD7.12 Million during the same period in 2016, marking an increase of 24.7%. Meanwhile the Operating Profit witnessed a growth of 16.3% from BD7.68 Million posted during the first six months of 2017 when compared to BD6.60 Million recorded during the same period last year.

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Seef Properties Reports Net Profit of BD2.45 Million in the First Quarter of 2017

Seef Properties has recently announced its financial results for the first quarter of 2017 citing a total net profit of BD2.45 Million, compared to BD2.20 Million recorded during the same period last year, which marks a growth of 11.33%.

Commenting on the financial results, the Chairman of Seef Properties, Mr Essa Najibi said: “We are pleased to be reaping the rewards of our strategy and to have achieved robust results on all fronts, including revenues, profits, and across the company’s overall activities. We are pushing ahead with our efforts to realize the company’s corporate objectives. We are pursuing a steady approach guided by our solid vision which aims to achieve sustainable profits and identify new investment opportunities in order to enhance our investment portfolio.”

“We have completed all  design works for the new real estate project in Hamala,

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Seef Properties Reports an Increase of 12.2% in Net Profit of BD11.04 Million Board of Directors Recommend a Dividend of 14%

Seef Properties, the leading integrated development company in the Kingdom of Bahrain, announced its financial results for the year ended on 31 December 2016 with a net profit totaling BD11.04 Million. The results were announced during a meeting held on February 21st 2017, headed by Chairman Mr Essa Najibi. The Board of Directors also decided to recommend to the General Assembly to distribute a cash dividend of 14%, equivalent to BD 6.44 million at BD 0.014 per share.

Seef Properties reported a Gross Revenue of BD15.38 million in 2016 compared to BD14.03 million in 2015, which resulted in an increase of 9.7%.

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Seef Properties Q3-2016 Press Release

Seef Properties Posts Net Profit of BD7.13 Million During First Nine Months of 2016; Announces Acquisition of Additional Shares in Muharraq Mall Company to Increase Ownership to 72.5%

Seef Properties announced that it has acquired the shares of Haykala Holding W.L.L. in the Muharraq Mall Company for a total value of BD1.80 million. The recent acquisition of 22.5% shares will increase Seef Properties overall ownership to 72.5%.

Seef Properties Chairman, Mr. Essa Najibi announced the financial results for the nine-month’s ending 30th September 2016, with net profit totaling BD7.13 Million; witnessing a growth of 4.1% compared to BD6.85 Million achieved during the same period last year.

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Seef Properties reports net profit of BD4.49 Million during first 6 months of 2016

Seef Properties Chairman, Mr. Essa Najibi, announced the financial results for the first half of 2016 with its net profit totaling BD4.49 Million, a 3.2% increase compared to BD4.35 Million recorded during the same period last year. Net profit for the second quarter of 2016 was BD2.29 Million compared to BD2.37 Million posted during the same period last year.

Operating revenues for first 6 months of 2016 was BD7.12 Million compared to BD6.84 Million reported during the same period last year; an increase of 4.0%. The operating revenue for the second quarter of 2016 was BD3.50 million compared to BD3.42 Million reported during the second quarter of 2015.

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Seef Properties Announces Positive Results for Q1- 2016

Seef Properties Chairman, Mr. Essa Najibi, announced today the financial results for the first quarter of 2016 which showed a net profit of BD 2.20 Million compared to BD 1.98 Million for the same period last year representing an increase of 10.7%.

The company posted operating revenues totaling up to BD3.61 Million during the first quarter of 2016 compared to BD3.42 million reported during the same period last year; a 5.6% increase. The operating profit for the first 3 months of 2016 witnessed a growth of 6.3% at BD 3.42 million as compared to BD 3.25 Million for the same period in 2015.

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Seef Properties records strong financial results

Seef Properties records strong financial results.The Board of Directors propose a cash dividend of 12%

At the Board of Directors meeting held on February 24th 2016 under the leadership of its Chairman, Mr. Essa Najibi, Seef Properties has announced the results of its financial performance for the fiscal year ended on December 31, 2015, with a net profit of BD 9.84 million. The Board of Directors has proposed a cash dividend of 12% to shareholders, equivalent to BD 5.52 million at BD 0.012 per share.

‪Seef Properties delivered an operating revenue of BD 14.03 million in 2015,

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seef-mall-wins-international-award-2015

Seef Mall Web Site wins 3 international awards

seef-mall-award-2015

The Seef Mall website was awarded for its engaging site design and content with feature functionality and usability that enables visitors to easily navigate through various sections and connects them with the retailers.

Seef Mall, Bahrain’s premier family destination recently received global recognition for its new www.seefmall.com.bh website with three awards presented for ‘Best Design – Home Page’, ‘Best Structure & Navigation Web Site’ and ‘Best Lifestyle Web Site’ at the internationally-acclaimed 2015 Communicator Awards.

The mall was awarded three international creative honours from among 6,000 entries received at The Communicator Awards – considered the largest and most competitive awards program honoring creative excellence for communications professionals.

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Seef Properties reports 32% growth in net profit at BD 6.85 million for the nine months ended September 2015

Seef Properties has recorded continued growth in the first nine months of 2015 with a net profit of BD 6.85 million. The company’s strong performance, underlined by its retail revenue as well as leisure and hospitality businesses, has resulted in a 32% increase in net profit compared to the BD 5.20 million reported in the corresponding period of 2014. The operating profit of the company also grew from BD 8.53 million in 2014 to BD 9.68 million in 2015, an increase of 14%.

The company registered a net profit of BD 2.50 million for the third quarter of 2015 as compared to BD 1.77 million a year earlier.

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SEEF reports 27% increase in net profits at BD 4.35million for the 6 months of 2015

Seef Properties, owner and operator of Seef Mall and other key Bahrain shopping and leisure destinations, today reported a net profit of BD4.35 million for the first six months of 2015, a 27% jump from the BD3.43 million recorded during the same period last year. The net profit for the second quarter stood at BD2.37 million, compared to BD1.86 million for the same period last year. This growth, which follows similar outstanding results during the first quarter of 2015, was mainly attributed to a series of strategic investments made earlier by the company, which have now come on stream and are gaining momentum.

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