Seef Properties Bahrain

Seef Properties Reports 3rd Quarter 2011 Results

seefadmin — Thu, 17 Nov 2011 02:16:00 +0000

Seef Properties Reports Profits for H1 2011

seefadmin — Wed, 03 Aug 2011 09:53:00 +0000

Seef Properties Reports Profits for H1 2011

Net profits reach BD 2.25 million
Year-on year gross rental income up by 2%
Subsidiaries record positive growth

Manama, Bahrain– August 03, 2011:
Seef Properties (Seef) announced its net profits for the first half of 2011 (ending 30^th June), reporting BD 2.25 million in net profit compared to BD 3.28 million for the same period of last year.

Year-on-year gross rental income grew slightly by 2% to reach BD 4.07 million not taking into account the rent waiver which the company offered to tenants as part of a BD 1 million aid package in light of the unrest earlier this year.

Other subsidiaries of Seef Properties are also showing signs of steady growth. The new Magic Island outlet in Ramli Mall has been performing well since opening on May 31^st, and is forecast to achieve its target for the year.
Similarly, Fraser Suites the luxury serviced apartment provider reported a sharp increase in occupancy rates over the past few months.

Shaikh Abdulla bin Khalifa Al Khalifa, Chairman of Seef Properties commented, “Remaining profitable despite the disruptions caused by the recent unrest is a clear indicator of the soundness of our strategy and health of our financial position. By investing in reinvigorating shopping activity, tenant retention, and enhancement of our existing assets, we have managed to keep the negative effects of that difficult period to a minimum. And we believe this bodes well for us as we look forward to more robust results in the second half of the year.”

Seef Mall’s “Seef Summer Surprises” and “Ramadaniyat” campaigns, coupled with the opening of a string of new retail and dining outlets and value-added services, has been a tremendous boon to shopping activity in Seef Properties’ flagship retail property. Seef Mall’s BD 2.5 million refurbishment plan is also on course for completion by Q4 of this year.

Robert Addison, General Manager of Seef Properties echoed the Chairman’s positive outlook, saying “Despite impacting short-term earnings, we believe proactive measures such as the relief package put us on sustainable footing over the long term by demonstrating our steadfast commitment to fostering long-lasting business partnerships with our tenants.”

Addison further confirmed that more large-scale promotions and new outlets are planned for roll-out this year and will be announced in due course.

A Better Quality of Life for Disabled Bahraini Children

seefadmin — Thu, 14 Jul 2011 10:17:00 +0000

Seef Properties donates customized wheelchairs to four children from the Bahrain Society for Parents and Friends of Disabled worth BD 6,100

Seef Properties Announces 1st Quarter 2011 Results

seefadmin — Fri, 03 Jun 2011 12:17:00 +0000

Seef Properties nets profit of BD1.3 million and total assets exceed BD115 million

Summer Comes Early to Bahrain

seefadmin — Thu, 02 Jun 2011 18:11:00 +0000

Bahrain – Wednesday 20 April, 2011: Seef Mall, Bahrain’s original family mall launches its “Seef Summer Surprises” promotion today, offering shoppers an exciting and fun-filled shopping experience this season. The eventful three month-long promotion will run from 21^st April until 15^th July 2011.

Seef Mall Holds First Raffle Draw of “Seef Summer Surprises”

seefadmin — Thu, 02 Jun 2011 17:49:00 +0000

Seef Mall Holds First Raffle Draw of “Seef Summer Surprises”
Campaign proven to be a resounding success from shoppers in Bahrain and abroad
Seef Mall held the first raffle draw of its “Seef Summer Surprises” promotion on Thursday (May 19^th). The raffle was the first of three monthly draws leading up to the grand draw in July.

Magic Island’s Special Brand of Fun Comes to Ramli Mall

seefadmin — Thu, 02 Jun 2011 16:54:00 +0000

Magic Island’s Special Brand of Fun Comes to Ramli Mall

The franchise’s third location adds another 1,600 sq. meters and 150 new games of fun and games

Fraser Suites Reports Jump in Occupancy in May

seefadmin — Thu, 02 Jun 2011 16:49:00 +0000

Special promotion in conjunction with Seef Mall’s “Summer Surprises”

Exclusive Privé Haidressing by Fadi Harb joins Fraser Suites first-rate range of facilities

Bahraini Students Awarded at Seef Mall for Painting Talents

admin — Sun, 17 Apr 2011 04:43:00 +0000

Joint winners receive awards during official ceremony
Al Seef, Bahrain, 17 April 2011: Students from the Royal University for Women (RUW) and the Royal Charity Organisation (RCO) each received BD250 worth of Seef Mall shopping vouchers from Robert Addison, General Manager of Seef Properties after being declared joint winners of the painting competition held in December.

Seef Properties Announces BD 1 Million Relief Package for Tenants

admin — Sun, 17 Apr 2011 04:46:08 +0000

Seef Properties announced today a BD 1 million relief package for tenants at Seef Mall in light of the recent turmoil that has befallen Bahrain which has negatively impacted shopping activity across all shopping centers in the Kingdom.

Board of Directors Focus on Positive Growth for 2010

admin — Wed, 30 Mar 2011 04:25:00 +0000

Share holders review year’s activities and cement strategy for 2011

Shareholders, Board of Directors, and executive management of Seef Properties convened in Fraser Suites for the company’s annual general meeting (AGM) today, 30th March. Government officials and representatives from major shareholders of Seef Properties were in attendance, including the General Organisation for Social Insurance, Royal Charity Organisation, Kuwait Finance House (KFH), Al Bayan Group, and Bahrain Islamic Bank (BIsB).

All Aboard the “Seef Express”

admin — Sun, 17 Apr 2011 04:35:00 +0000

Seef Mall introduces new indoor trains aimed at enhancing shopping experience and accessibility.

Seef Mall, Bahrain’s original family mall, unveiled its brand new train service for shoppers at an official launch held today (March 23rd) at the mall’s West Extension.

Seef Properties Reports Year End 2010 Results

Seef — Wed, 23 Feb 2011 04:45:00 +0000

Positive end to year as net income registers a 33%jump compared to 2009

Seef Properties Extend Support to Five Charities

Seef Properties — Wed, 09 Feb 2011 05:27:27 +0000

Seef Properties recently donated approximately BD 26,000 to five different charities across Bahrain during the month of January. Mr. Robert Addison, General Manager of Seef Properties, presented the cheques to the respective charities in separate formal ceremonies.

A New Era for Seef Mall

Seef — Sun, 16 Jan 2011 03:09:04 +0000

Multi-million dinar makeover to be completed by December of this year.

Seef Properties donates portacabin to Al Rashad Centre

Seef Properties — Wed, 03 Nov 2010 03:17:00 +0000

Seef Properties and the non-profit Bahrain Road Runner (BRR) organisation handed over a portacabin to Al Rashad Centre, at the Centre in Sar today.

Seef properties reports Second quarter 2010 results

Seef — Tue, 10 Aug 2010 13:00:00 +0000

Gross income grows to BD 6,132,877 while net profit reaches BD 3.3 million for second quarter ended June 30, 2010
Robert Addison takes over as General Manager of Seef Properties

Celebrate the true essence of Ramadan at Seef Mall

Seef — Mon, 02 Aug 2010 07:25:00 +0000

• Special “Aswaq Ramadan” exhibition features stalls of most Islamic countries
• Traditional décor, flavours and cultural activities help recreate the spirit of the Arab world

Winners for the “Shop & Win” raffle extravaganza

Seef Properties — Mon, 05 Jul 2010 09:24:00 +0000

Seef Properties today announced the second group of winners for the “Shop & Win” raffle extravaganza, which is currently being held at Seef Mall.
The raffle extravaganza promises visitors a chance to win shopping vouchers worth a totalof BD20,000 as well as two MINI Cooper cars.

Seef Properties is Gold Sponsor of Raft Race 2010

Seef Properties — Wed, 31 Mar 2010 05:41:00 +0000

Seef Properties is a Gold Sponsor of the 34th annual charity Raft Race 2010 being held on Friday, April 9, 2010 at Al Bander Hotel and Resort in Sitra. The fund-raising event is being organised for the 10th consecutive year by the Rotary Club of Salmaniya and all proceeds will go to charities and community projects in the Kingdom of Bahrain.