image description

First Bahrain’s Net Profit is Up 148%

First Bahrain Real Estate Development Company today held its Annual General Meeting (AGM) for the year ended 31 December 2016, in which the company announced a net profit of USD 2.7 million, representing annual growth of 148% over the USD 1.1 million reported in the year prior.

image description

Majaal Leads Industrial Facilities Sector at Bahrain expo

Majaal Warehouse Company, Bahrain’s operator of Industrial Facilities will lead the Industrial Facilities Sector at Gulf Industry Fair 2017 (GIF). Gulf Industry Fair, the Northern Gulf’s leading annual industrial expo takes place from the 7-9 February 2017 at the Bahrain International Exhibition and Convention Centre under the patronage of HRH Prince Khalifa Bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain.

image description

First Bahrain signs Escrow Agreement with KFH

First Bahrain Real Estate Development Company has signed an escrow agreement with Kuwait Finance House Bahrain (KFH-B) for its El Mercado Village residential villas for sale project in Janabiya. The escrow agreement is the first such agreement concluded by KFH-B, who are very pleased to announce that they have added this new service to their product line.

image description

First Bahrain Real Estate Development sponsors Gulf Property Show 2017

El Mercado Janabiya developers, First Bahrain Real Estate Development Co., have signed on as the Gold Sponsors of the Gulf Property Show 2017.

Gulf Property Show, the boutique showcase for the real estate and property development sectors based in the Northern Gulf, is held under the patronage of HRH Prince Khalifa Bin Salman Al Khalifa. The Gulf Property Show will take place from the 9 – 11 May 2017 at the Bahrain International Exhibition and Convention Centre.

image description

First Bahrain unveils El Mercado Janabiya

In a ceremony held last night under the patronage of the Minister of Commerce, Industry and Tourism, H.E. Mr. Zayed R. Alzayani along with Governor Mr. Ali Al-Asfoor of the Northern Governate, First Bahrain officially announced the opening of their neighbourhood market, El Mercado Janabiya.

image description

First Bahrain appoints Impact Interiors for El Mercado Village

First Bahrain Real Estate Development Co. today announced the appointment of Impact Interiors W.L.L. to refine the interior design of their new residential project, El Mercado Village. Impact Interiors joins a select group of consulting professionals including Sanad Engineering and HAJ for Quantity Surveying, each of whom are contributing to the project from their areas of specialty.

image description

El Mercado Village Ground-Breaking in Janabiya

First Bahrain Real Estate Development Company announced today the appointment of Decorators to construct the 42 villas of the new El Mercado Village in Janabiya. The development is adjacent to the new El Mercado neighbourhood retail centre.

image description

Annual net profit of USD 1.1 million announced at AGM

Manama, Bahrain – 18 May 2016: First Bahrain Real Estate Development Company today held its Annual General Meeting (AGM) for the year ended 31 December 2015, in which the company announced a net profit of USD 1.1 million for the year, representing 56% growth over the prior year.