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FINANCIAL NEWS
Seef Properties H1 profit rises 3.2pc
21 Jul 2016
(MENAFN) Bahrain-based Seef Properties, an operator of malls, has its profit increased by 3.2% on the first half of the year USD11.91 million, compared to USD11.54 million for the same period last year.
Rents in Seef are reportedly the highest in the entire country. Seef is fast developing into a business center with many local and multinational companies building their offices in the area.
Surrounded on three sides by the sea, Seef is a district dominated by office blocks, luxury apartments, hotels and multiple shopping malls.
It’s worth mentioning that Seef is a result of active land reclamation work starting in the 1980s, which has dramatically changed the Bahrain coastline.
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