First Bahrain Real Estate Development Co. K.S.C. (Closed) is an experienced real estate investment company dedicated to achieving sustainable returns through collaborative relationships. First Bahrain creates enduring value for all stakeholders with a demand-driven investment approach.
Established in October 2004 in Kuwait as Baraq Al Khaleej Holding Company, with a paid-up capital of KD 1 million, the corporate name was later changed to First Bahrain Real Estate Development Company, and the paid-up capital was increased. In 2007, First Bahrain opened an office in the Kingdom of Bahrain. Since its inception, the Company has been guided by the principles of Islamic Sharia in all its daily operations and business interests.
The principal shareholders of First Bahrain are leading regional institutions and high-profile real estate investors, including KAMCO, Wafra International Investments Co., Action Group Holdings Co., Yaqoob Yusuf Aljouan, and Esterad Investment Co.
First Bahrain owns or holds rights to over 90,000 square meters of strategically located lands in the Kingdom of Bahrain.
The Company’s first project, Majaal, is a flexible-use industrial facility designed to support Small-to-Medium-sized Enterprises (SMEs). The facility is located at the Bahrain Investment Wharf (BIW), within Salman Industrial City, near both the new Khalifa bin Salman Port and the Bahrain International Airport. Comprised of seven buildings developed between 2009 and 2014, the complex is home to businesses representing a range of activities from FMCG distributors to small manufacturers.
The Company initiated a mixed-use development in Janabiya in 2015, completing the commercial phase in early 2016. El Mercado Mall, a neighbourhood market with an upscale outdoor experience, has identified a niche market within its catchment area, providing food and beverage, services, and a high-end grocer as the anchor. A residential community featuring 42 stand-alone and semi-detached homes was delivered to initial off-plan buyers in 2018. El Mercado Village is now a thriving community.
El Balcón Mall, the Company’s development in the Manama Sea Front, began operations in 2020. The property offers an open-air experience for its visitors who frequent cafes, dining and services offered.
Adjacent to El Balcón Mall, the Company delivered a built-to-suit property for Jarir Bookstore, one of the strongest home-grown brands in the Kingdom of Saudi Arabia, which began operations in September 2022.
In 2025, the company won a tender with the Ministry of Housing and Urban Planning and was appointed to develop 44 housing units in Madinat Salman as part of the Government Land Development Programme, beginning a new season of development, creating homes for Bahraini citizens.
With the addition of these commercial developments to its diversified portfolio, the Company’s multiple revenue streams from industrial, commercial, and residential sectors are providing dependable cash returns.
Marked by entrepreneurial leadership, commitment and integrity, First Bahrain is actively putting its potential to work for the benefit of all its stakeholders.