First Bahrain Real Estate Development Company was established on 5 October 2004. The Company was registered in the companies’ registry on 16 October 2004 with registration number 103837. The Company carries out its activities in accordance to the guidelines of Islamic Sharia principles.
The Company’s Capital:
First Bahrain Real Estate Development Company’s authorized, issued and fully paid capital as indicated in the Company’s Annual Report for the financial year ended 31 December 2018, was set at KWD 23,330,960.
Currently, First Bahrain Real Estate Development Company’s capital, pursuant to the Extraordinary General Meeting held on Thursday, 13 June 2019, is KWD 21,225,191 divided into 212,251,910 shares, at 100 fils per share.
The Company’s Strategy:
The company pursues a strategic plan to achieve sustainable profits through its operations based on the clear demand that represents highly valuable opportunities for the company's business as it diversifies its activities away from speculative land brokerage activities in order to meet the market needs and achieve outstanding returns for shareholders. He pointed out that the company strives to meet the increasing demand stemming from SMEs as they seek to acquire Logistics and warehousing facilities needed for their operations and to develop and support their sector’s growth. The company is currently investing in Bahrain Marina area through a project that provides flexible unit plots in a safe environment. First Bahrain’s new project, currently being constructed in close proximity to the airport, ports, and Saudi highways, is positioned to cut the costs incurred by SMEs engaged in import and export activities.
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