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AGM to be held 22 May 2011

First Bahrain announces that the Annual General Meeting of the shareholders for the year ended
31 December 2010 is scheduled for 22 May 2011. The meeting will be held at 11:00 at its offices which are located on the 15th floor of the Al Khaleej Tower on Abu Baker Al Sadeeq Street in Al Qibla, just north of the Sheraton Hotel.

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First Bahrain Repays $1.5 Million Loan

First Bahrain, an innovative regional real estate developer, announced today it has repaid in full a US $ 1.5 million loan to Kuwait Finance House (KFH). Maintaining its solid liquidity, the company repaid on the maturity date the three year term loan issued by KFH in 2008 to provide the initial funding for First Bahrain’s flagship project Majaal, an SME-focused warehousing facility.

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Majaal continues to facilitate Foreign Direct Investment into Bahrain

First Bahrain, an innovative real estate developer, announced today that it is still attracting overseas companies to set up business in Bahrain and has just signed a new tenancy agreement for its Majaal Warehousing Company. Switz Group, one of the Middle East’s largest manufacturers and distributors of bakery products, has chosen Majaal warehousing and logistics complex as an ideal location to serve the expansion of their subsidiary brand, to be known as Bahrain Masterbaker WLL.

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First Bahrain to participate as a logistics sponsor at the Gulf Industry Fair 2011

First Bahrain, an innovative regional real estate developer, announced its participation as the logistics sponsor at the Gulf Industry Fair 2011, the most comprehensive industry-related exhibition in the Middle East. At the exhibition, being held from 8 to 10 February, First Bahrain will showcase operational progress and expansion of its flagship project Majaal, Kingdom’s first small and medium enterprises (SMEs) focused warehouse development.

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BWS as cost consultants for Majaal’s Phase II

First Bahrain, an innovative regional real estate developer, announced the reappointment of Baker Wilkins and Smith (BWS) Middle East to provide cost management services for the second phase of its flagship warehousing and logistics project, Majaal. The signing follows First Bahrain’s significant progress in the leasing of Phase I of Bahrain’s first small to medium enterprises (SME) focused industrial development.

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First Bahrain Appoints MSCEB As Design Architects For Second Phase Of Majaal

First Bahrain, an innovative regional real estate developer, announced the appointment of architecture and engineering firm Mohamed Salahuddin Consulting Engineering Bureau (MSCEB) for designing the second phase of its flagship warehousing and logistic project, Majaal. The signing follows First Bahrain’s significant progress made in the leasing and successful operation of Phase I of this small to medium enterprises (SME) focused industrial development.