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Seef Properties’ H1 net profit hikes by 16%

Bahrain - July 30, 2017
Seef Properties

Bahrain-based Seef Properties has seen a remarkable hike in net profit value during the first half of this year by around 16% compared to the same period of last year.

The company said that the generated income during this period reached $23.6 million compared to $18.9 million obtained in the same period of last year.

Moreover, the company’s net profit during the second quarter alone reached $7.3 million compared to $6.1 million during the same period of last year.

Essa Najibi, chairman of Seef Properties, commented on the company’s results saying that the profit increase will further solidify the company’s position.

He said also that the company is committed to providing high-end products to customers.

Seef Properties is one of the leading real estate companies in the Kingdom of Bahrain. Founded in 1999, the company has an extended track record of accomplishments including retail, residential, and entertainment projects.

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