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%.