Manama, Kingdom of Bahrain, 15 June 2009: Sahab Al Khaleej recently held its Annual General Meeting (AGM) for the year ending 31st December 2008. Bahrain based real estate company Sahab Al Khaleej, announced its consolidated financial results for the year ended December 31, 2008, posting a Net Profit of USD 1.3 million, with total assets amounting to USD 24.86 million.
The Company held its AGM and Board meeting at the Ritz Carlton Hotel where the future business plan and strategy of the Company had been presented. Ernest & Young, Sahab Al Khaleej external auditors, also presented the audited report for the 2008 financial results of the Company.
The Company has grown in Total Assets value by 10% and has made investments in the form of Property, Mutual Funds and Securities in the GCC region.
Sahab Al Khaleej Real Estate Company is a Bahraini closed shareholding registered company with an authorized Capital of BD50 million and Paid-up-Capital of BD 8.5 million. The Company is supported by some of the well know shareholders' in the Financial industry such as First Investment Company - Kuwait, International Investment Bank - Bahrain and Al Safwa Group Holding Company - Kuwait.
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Contact Sahab Al Khaleej on Tel: (+973) 1738 2332 / Fax: (+973) 1738 2796
© Press Release 2009
