Seef Properties announces sponsorship of Step Forward Challenge to promote youth physical activity
Seef Properties announced its sponsorship of AlHaraka Baraka, a newly launched association under the Ministry of Youth Affairs dedicated to encouraging physical activity among young people in Bahrain. Seef Properties is supporting the initiative by hosting its currently ongoing competition, the Step Forward Challenge, at Al Liwan, Seef Mall – Seef District, and Seef Mall – Muharraq, until 24th February 2025. Designed to inspire participants to maintain a healthy and active lifestyle, the Step Forward Challenge will encourage individuals to form small groups and commit to regular community walks, promoting not only physical well-being but also social connections. The program, which includes weekly walks, will be held over four consecutive weeks, with Al Liwan as the location for the inaugural event. Those who remain committed throughout the challenge will have the opportunity to win prizes. Seef Properties Chief Executive Officer, Ahmed Yusuf said: 'Seef Properties is dedicated to empowering Bahrain's youth, in line with Bahrain's national initiatives to promote a healthier, more active lifestyle for young people. Our destinations are ideal venues for the Step Forward Challenge, as they offer safe and accessible spaces that encourage community participation. We are confident that our partnership with AlHaraka Baraka will play a role in ensuring seamless organization and supporting the Kingdom's efforts in building lasting, healthy habits.' AlHaraka Baraka Association Chairman, Mohammed Al Aradi said: 'The launch of AlHaraka Baraka is a significant step towards encouraging young people in Bahrain to integrate physical activity into their daily lives. We are happy to have Seef Properties as our partner, as their support will help us reach a wider audience and allow for engaging experiences like the Step Forward Challenge. This initiative is just the beginning of our mission to inspire a healthier future for the Kingdom.'
The sponsorship builds on Seef Properties' track record as a key supporter of sports and fitness initiatives in Bahrain, having previously sponsored the annual Seef Mall Half Marathon and several other events that attracted participants with a wide range of ages and nationalities.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Trade Arabia
4 days ago
- Trade Arabia
Al Salam Bank announces sale of key stake in Seef Properties
Al Salam Bank, the largest Islamic bank in Bahrain, has announced the sale of its 15.6% shareholding in Seef Properties to GFH. The exit of Seef Properties forms part of a broader Group optimization strategy designed to expand and reinforce focus on core banking operations and the Group's strategic holdings in banking, takaful, and asset management. ASB Capital, the Group's asset management arm, was appointed by Al Salam Bank as sell-side advisor. Under this, ASB Capital's key role will be to assist in sourcing, structuring and executing the exit of its significant minority stake in Seef Properties. Launched earlier this year with a starting assets under management (AUM) of $4.5 billion, ASB Capital recently launched its investment banking offering covering advisory, transaction mandates, capital market solutions, and other bespoke offerings across various asset classes. On this transaction, Rafik Nayed, Group Chief Executive Officer of Al Salam Bank and Managing Director of ASB Capital, said: "This transaction represents our continued commitment to exit non-strategic holdings as part of a group-wide optimization initiative." "Aligned with our strategy, we are reallocating capital and focus towards growing core banking operations and expanding our strategic holdings in banking, takaful, and asset management- sectors that offer long term value and operational synergies within the context of the Group," he noted. Additionally, Nayed said: "ASB Capital's role in facilitating the transaction, despite global market volatility, underscores the strength of our expertise and execution capabilities in transaction advisory and capital markets."
Biz Bahrain
28-05-2025
- Biz Bahrain
GFH Owns Major Stake (27.98%) in Seef Properties
GFH Financial Group (GFH) announced increasing the Group's ownership in Seef Properties B.S.C., one of the leading real estate development and commercial centres management companies in the Kingdom of Bahrain, acquiring an additional 15.63% of shares and increasing its total shareholding to 27.98%. This strategic move aligns with GFH's vision to reinforce its ownership in Seef Properties, recognising its appeal as a strategic asset within the Group's expanding investment portfolio. Commenting on the acquisition, Mr. Hisham Alrayes, CEO and Board Member of GFH, said: 'We are delighted to deepen our investment in Seef Properties, a prominent player in Bahrain's real estate sector. This step aims to create additional value for our shareholders within the real estate portfolios operating in the same sector.' He added: 'Seef Properties has demonstrated resilience and growth over the years, and we see significant potential for further value creation. We aim to contribute to Seef Properties' continued success by leveraging our resources and expertise to unlock new growth opportunities.' Currently, GFH manages over US$22.48 billion of assets and funds including a global portfolio of investments in logistics, healthcare, education and technology in the MENA region, Europe and North America.
Biz Bahrain
26-05-2025
- Biz Bahrain
Amorino opens in Al Liwan
Seef Properties announced the opening of Amorino at Al Liwan. Known for its authentic Italian gelato and artisanal presentation, Amorino is the latest in a string of culinary brands to open at Al Liwan, Hamala's popular mixed-use development. Founded in Paris in 2002, Amorino has garnered a global following for its signature flower-shaped gelato cones, made from natural ingredients with no artificial flavors or colorings. The brand offers a wide selection of gourmet gelato flavors, organic sorbets, and handcrafted macarons, along with hot beverages and unique desserts. Seef Properties Chief Executive Officer, Ahmed Yusuf said: 'The arrival of Amorino is another major step in our strategy to position Al Liwan as a magnet for globally respected brands. Al Liwan's unique blend of lifestyle, dining, and entertainment has received positive feedback, and continues to resonate with both local and international audiences. We are happy to welcome Amorino and look forward to it making an impact on the community with its premium experience.' Amorino Bahrain General Manager, Noel Algabre said: 'We are excited to open Amorino in Al Liwan. This dynamic location aligns perfectly with our vision of offering artisanal gelato in strategically curated destinations. Amorino's presence will enrich the F&B scene by providing guests with a refined taste of Italy and a service that has gained a reputation for elegance and authenticity.' Amorino joins a growing list of multinational brands at Al Liwan, which includes a wide range of restaurants, cafés, and outlets. The development also features Fraser Suites Al Liwan's luxury serviced apartments, a cinema, a family entertainment center, and open spaces, creating a holistic destination for upscale living, shopping, and leisure.
