image description

First Bahrain Supports Information Centre at Shaikh Ebrahim bin Mohammed Al Khalifa Centre for Culture and Research

First Bahrain Real Estate Development Co. (First Bahrain), an innovative real estate developer focused on demand driven projects, today announced its official sponsorship of the Information Centre in the Shaikh Ebrahim bin Mohammed Al Khalifa Centre for Culture and Research in Muharraq. The support is part of First Bahrain’s wider strategy to preserve and build on the Kingdom’s architectural and cultural history.

image description

First Bahrain and KFH-Bahrain sign Project Financing Deal

First Bahrain Real Estate Development Co. (First Bahrain) – a leading regional real estate developer– today announced it had closed on an Islamic project financing facility with Kuwait Finance House – Bahrain (KFH-Bahrain) to develop a USD25 million warehousing and logistics facility. The project will be located at the Bahrain Investment Wharf (BIW), strategically located near the new Shaikh Khalifa Port due to open in October 2008.

image description

First Bahrain Announces Impressive Financial Results for 2007

First Bahrain, a rising star among the region’s real estate firms, today announced the release of the company’s performance for 2007 ahead of their AGM. The 2007 figures released on behalf of the Board of Directors record a net profit of KD 4.85 million, a 29% improvement on the company’s performance in 2006.

image description

First Bahrain Signs Strategic Agreement with Kanoo Information Technology

First Bahrain Real Estate Development, a leading real estate developer with a paid up capital of USD 106,800,000, has signed a strategic partnership agreement with Kanoo Information Technology (Kanoo IT) to implement an information technology solution which will significantly enhance First Bahrain’s business operations and controls.