In the second quarter of 2018, Seif Properties has earned a dividend of BHD 2.38 million, 10.4% less than last year’s Q2 dividend, reports Al Watan newspaper website.
On the other hand, the company’s income in the second quarter of 2018 reached BHD 4.3 million recording a 3.9% decline compared to the second quarter of 2017.
Similarly, the company’s dividend in the first six months of 2018 recorded a value of BHD 4.57, which is 8.33% less than its dividend of BHD 4.99 million in the same period last year.
At the same time, the company’s income in the first half of this year recorded a 3.1% decline with BHD 271 thousand as opposed to BHD 8.88 to 8.61 million in the first half of 2017.
‘Seef Properties continually strives to achieve its financial objectives that have remained resilient in spite of the challenging market conditions,’ says Seef Properties Chairman Mr Essa Najibi, according to BizBahrain. ‘In light of our management efforts in securing a wide range of assets, we have further cemented Seef Properties’ position as an industry leader backed by a diversified business portfolio, and we look forward to achieving excellent financial results in the next quarter.’
The company’s CEO Mr Ahmed Youssef thanked all the company’s employees who were able, through their efforts, to make the company meet its objectives and goals.
Seef Properties was founded in 1999 in the Kingdom of Bahrain and, through the diversification of its activities in real estate, has contributed to the development of the real estate market in Bahrain and, therefore, the Bahraini economy.
(Image source: Source: http://www.miracle.com.bh)