Amin Al Arrayed, General Manager of First Bahrain and Managing Director of Majaal Warehouse Co. was interviewed for a soon to be published Bahrain Country Report prepared by MarcoPolis, a press and communication agency headquartered in Paris, specializing in the production of economic and upscale tourism country reports.
First Bahrain, an innovative Kuwaiti real estate company, held its annual general meeting (AGM) at its headquarters in Al Khaleej Tower in Kuwait to discuss the company’s achievements and the 2010 financial report.
Despite the challenging environment, the company reported a net gain for the year, overcoming losses posted in 2009. The company began generating operating revenue from its delivered projects in 2010 and continued to reap valuable benefit from its consistent and conservative approach to the management of resources.
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.
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.
Amin Al Arrayed, General Manager of First Bahrain and Managing Director of Majaal Warehouse Co. was interviewed live on global business news channel CNBC as part of the Capital Connection morning business review. (Watch The Video)
