Press Releases

Seef Properties reports net profit attributable to parent of bd 4.72 million

Seef Properties announced its interim financial results for the period ended 30 June 2019, including the financial results of the second quarter of 2019.

The Company achieved net profit attributable to the parent of BD 2.53 million for the second quarter, compared to BD 2.41 million for the same period last year, with an increase of 4.73%.  Furthermore, the Company also achieved operating profits for the second quarter of BD 3.90 million, compared to BD 3.56 million for the same period last year, with an increase of 9.50%. Revenues for the second quarter decreased by 0.96% to BD 4.56 million compared to BD 4.60 million for the same period last year.

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Seef Properties Posts Net Profits of BD2.23 Million in the First Quarter of 2019

Seef Properties released its financial results for the first quarter of 2019, citing a 1.66% increase in shareholder returns.

The Company’s Net Profits attributable to shareholders amounted to BD 2.19 million compared to BD 2.16 million for the same period last year, an increase of 1.66%. The Company achieved Operating Profits of BD 3.89 million compared to BD 3.75 million generated in Q1 2018, marking a rise of 3.83%.

Revenues for the current period slightly decreased by 0.49% (an equivalent of BD0.02 million) to BD4.61 million compared to BD4.63 million for the same period last year.

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Seef Properties Reports Net Profit of BD11.12 Million Distributing a Dividend of 15%

Seef Properties, announced its financial results for the year ended 31 December 2018, reporting a Net Profit of BD11.12 Million during a meeting held on 13 February 2019, which was headed by the Company’s Chairman Mr. Essa Mohamed Najibi. The Board of Directors also agreed to recommend to the General Assembly cash dividends of 15%, an equivalent of BD6.9 Million in the amount of BD0.015 per share.

During the meeting, the Chairman of Seef Properties, Mr. Essa Mohamed Najibi reiterated Seef Properties’ commitment to further solidify its position in the market through its mixed-use development projects despite volatile market conditions,

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Seef Properties Announces Financial Results for the Third Quarter of 2018

Seef Properties, the leading integrated real estate development company in the Kingdom of Bahrain, announced a Net Profit attributable to the shareholders of the parent of BD 2.57 million in the third quarter of 2018; a declined rate of 2.5%, compared to BD 2.64 million reported for the same period last year.

During the last nine-months, the Net Profit attributable to the shareholders of the parent amounted to BD 7.14 million compared to BD 7.63 million for the same period last year, a slight decrease of 6.3%. The Operating Profit amounted to BD 11.02 million compared to BD 11.46 million in the same period last year,

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Seef Properties Successfully Executes its Strategic Projects and Posts Net Profit of BD2.25 Million and Operating Profit of BD3.75 Million

Seef Properties Successfully Executes its Strategic Projects and Posts Net Profit of BD2.25 Million and Operating Profit of BD3.75 Million

The Chairman of Seef Properties, Mr. Essa Najibi, has announced a number of strategic initiatives undertaken by Seef Properties, including the launch of LAMA Real Estate in 2017 to develop “Liwan”, a mixed-use project located in Hamala, which began its construction in March and is expected to be completed in the first quarter of 2020. Seef Properties also established Bahrain Building Company, which is responsible for developing an upcoming unique mixed-use project between the two bridges in Manama.

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An Increase of 11.2%. Seef Properties Posts Net Profit of BD7.93 Million During the First Nine Months of 2017

Seef Properties announced the financial results for the first nine months of 2017 recording BD7.93 Million in net profits, a 11.2% increase from BD7.13 posted during the same period last year. Net profits for the third quarter of 2017 reached BD2.73 Million compared to BD2.64 Million recorded during the same period last year.

Seef Properties also reported an operating income of BD4.63 Million during the third quarter of 2017 compared to BD3.89 Million posted during the same period in 2016, marking an increase of 19.1%. Meanwhile the operating profit witnessed a growth of 9.4% from BD3.79 Million posted during the third quarter of 2017 when compared to BD3.46 Million recorded during the same period last year.

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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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