Financial Overview

REPORT OF THE BOARD OF DIRECTORS

On behalf of the Board of Directors, I welcome you to our site. As a stakeholder of First Bahrain, we invite you to interact with us here.

We sincerely appreciate the trust the Shareholders have placed in us and in turn we aspire to manage your resources with transparency and integrity.

You are welcome to explore our financial history by clicking here. We will post semi-annual financial reports here as well. You can also find regular updates on the Company’s activities here.

2017 has been a year of building for the future. Our core properties continue to generate stable revenue, led by our industrial property, Majaal, which continues to set the standard for flexible-use industrial facilities for the SME sector. Our neighbourhood retail centre, El Mercado Janabiya, which just finished its first full year of operations, is demonstrating that it has identified a solid niche market within its catchment area. Adjacent to and supported by the success of this project, the homes of El Mercado Village are nearing completion. We expect that these homes will be ready for occupancy before Eid, further enhancing our reputation as a developer of well-considered and high-quality projects that have realized both popular and economic success.

Building on the strength of our mixed-use project in Janabiya, we are ready to commence work on our first project in Seef, an entertainment, food and beverage centric open-air retail development located opposite Majid Al Futtaim’s Bahrain City Centre Mall. Development of the remaining Seef plots will be a priority in the years ahead as we convert all our dormant assets into active generators of revenue for the shareholders

As we work together towards a good future, may Almighty Allah grant us all sustained success and prosperity.

Waleed Ahmed Alkhaja
Chairman

Waleed Ahmed Alkhaja
Chairman

2017 Annual Report

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