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First Bahrain Appoint Unisono as strategic Brand Consultants

First Bahrain, an innovative regional real estate developer, today announced the appointment of Unisono as strategic brand consultants for its warehousing project at the Bahrain Investment Wharf (BIW), which is conceived due to a clear shortage of quality warehouse space in the Kingdom. Unisono has been operating in the Gulf region for over three years, and has created award winning brands which are well known in Bahrain, including Bahrain National Insurance Company, Automo, Ijara, and HPC (Hidd Power Company). Most recently, Unisono has been appointed as the global rebranding partner for Cityscape.

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First Bahrain Appoint Unisono as strategic Brand Consultants

First Bahrain, an innovative regional real estate developer, today announced the appointment of Unisono as strategic brand consultants for its warehousing project at the Bahrain Investment Wharf (BIW), which is conceived due to a clear shortage of quality warehouse space in the Kingdom. Unisono has been operating in the Gulf region for over three years, and has created award winning brands which are well known in Bahrain, including Bahrain National Insurance Company, Automo, Ijara, and HPC (Hidd Power Company). Most recently, Unisono has been appointed as the global rebranding partner for Cityscape.

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First Bahrain announces positive financial results for 2008

First Bahrain, an innovative regional real estate developer with headquarters in Kuwait, today announced the release of the company’s 2008 financial results at their Annual General Meeting (AGM) held on 4th May 2009. The 2008 figures, audited by Ernst & Young, showed positive results of KD 2.6 million net profits, despite the turbulent economic conditions. In addition, Sharia auditors Al Mashora & Al Raya for Islamic Financial Consulting affirmed that the company performed its duties towards the execution of contracts and transactions in 2008 in accordance with the provisions of Islamic Sharia

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Construction commences on First Bahrains USD 45 Million warehousing development at BIWs

First Bahrain, an innovative regional real estate developer, today held a groundbreaking ceremony for its 716,000 square feet logistics and warehousing project at the Bahrain Investment Wharf (BIW). The first phase of the USD 45 million development, funded in part through debt secured from Kuwait Finance House, is now under construction. The contractor, Abdullah H. Al Darazi & Sons, is pursuing an aggressive schedule to complete the work prior to the end of 2009 with the entire project due for completion in 18 months.

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First Bahrain appoints Baker Wilkins & Smith (BWS) Middle East as Cost Consultants

First Bahrain, an innovative regional real estate developer, today announced the appointment of Baker Wilkins and Smith (BWS) Middle East as its cost consultants for its warehousing project at the Bahrain Investment Wharf (BIW), which is conceived due to a clear shortage of quality warehouse space in the Kingdom, especially in the region surrounding the new Shaikh Khalifa Port. The move to appoint BWS Middle East comes as part of First Bahrain’s proactive approach to cost management and quality control, measures that have resulted in the company maintaining strong financial performance despite the global economic downturn.

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First Bahrain appoints Protiviti for risk consultancy and quality management

First Bahrain, an innovative regional real estate developer, today announced the appointment of Protiviti’s member firm for the Middle East region as its internal auditors. Protiviti is the world’s leading internal audit and business consulting firm composed of experts specializing in risk, advisory and transaction services. The move to appoint Protiviti comes as part of First Bahrain’s proactive approach to risk management and quality control, measures that have resulted in the company maintaining strong financial performance despite the global economic downturn.

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First Bahrain announces contracting deal for USD 45 Million warehousing development at BIW

First Bahrain, an innovative regional real estate developer, today announced the appointment of Abdullah H. Al Darazi & Sons Co. as the main contractor for the construction of its warehousing project at the Bahrain Investment Wharf (BIW), which is conceived due to a clear shortage of quality warehouse space in the Kingdom, especially in the region surrounding the new Shaikh Khalifa Port.

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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.

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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.