Monday, Jul 16, 2007
DUBAI (Zawya Dow Jones)--Bahrain's real estate developer Seef Properties, which concluded a BHD75 million initial public offering in May, will list its shares on the Bahrain Stock Exchange July 29, the Gulf Daily News reported Monday.
The announcement was made at an ordinary general meeting, where a new board was elected for a three-year term.
Future expansion plans outlined at the meeting include the construction of a serviced apartment tower next to Seef Mall for BHD7.7 million.
Seef Properties manages more than 700 tenants across 45 properties with more than 1000,000 square metres of retail space - including its main Seef and Isa Town malls.
Newspaper Web site: http://www.gulf-daily-news.com
-Dubai Bureau, Dow Jones Newswires; +9714 364 4967; djnews.dubai@dowjones.com
Copyright (c) 2007 Dow Jones & Company, Inc.
(END) Dow Jones Newswires
16-07-07 0509GMT
