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FINANCIAL NEWS
Bahrain’s GOP reports 33% rise in profits
26 May 2010
(MENAFN) The Bahrain General Organization of Sea Ports (GOP) said its total net profit for 2009 surged to $17.5 million, registering a 33 percent increase over the previous year.
The company board reviewed and approved the financial statements and auditors’ report for 2009 and unanimously decided to transfer the surplus to the Ministry of Finance as stipulated in the Legislative Decree No. (61) of 2006 with respect to promulgating the Law of the GOP.
The Government has invested $51.4 million in the new state-of-the-art port to turn it into one of the most modern ports in the Arabian Gulf.
The operating company APM Terminals has invested an additional $9 million to equip the new port with the latest technology and equipment.
In light of the huge investment in the new port and to maintain its high efficiency and competitiveness, the Board approved a minimal increase to the new tariff structure which will offer additional services to its users.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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