On behalf of the Board of Directors, I welcome you to our site. As a stakeholder of First Bahrain, we invite you to interact with us here.
We sincerely appreciate the trust the Shareholders have placed in us and in turn we aspire to manage your resources with transparency and integrity.
Benefiting from our steady approach to growth and investments, I am pleased to report the Company’s return to profitability. The growth was attributed to leases in our latest commercial projects, Jarir Bookstore, and the El Balcón Mall along with improved occupancy in Majaal.
Moving forward, we are working on a project expected to be in line with our conservative sweet spot for investments, creating an asset in the range of KD 4 to 5 million.
This new project will further support our goal of converting all our assets into active generators of revenue for the shareholders. In all other areas, the Company will continue exploring means to enhance rental income and realize cash exits where opportunities arise to create sufficient liquidity for further expansion and dividends.
As we work together towards a good future, may Almighty Allah grant us all sustained success and prosperity.
Waleed Ahmed Alkhaja