Seef Properties hosts media luncheon at Al Liwan Mall for Bahrain Press Day
The event was held at Alhan Restaurant, located within Al Liwan Mall—one of Seef Properties' prominent lifestyle destinations.
The company's Chief Executive Officer and Marketing Manager warmly welcomed the guests, expressing their sincere gratitude for the media's role in promoting transparency, disseminating accurate information, and supporting the country's progress.
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Biz Bahrain
01-08-2025
- Biz Bahrain
Seef Properties reports Bd2.7 Million Net Profit Attributable to shareholders of the parent for the six-month period ended 30 June 2025
Seef Properties B.S.C. (Bahrain Bourse Trading Code: SEEF) announced its financial results for the second quarter ended 30 June 2025 and six months period ended 30th June 2025. The Company reported a net profit and comprehensive income attributable to the parent of BD 1.5 million during the second quarter of 2025, compared to BD 1.7 million for the same period of the previous year, a decrease of 13.3%. The change is attributable to increased market competition and economic fluctuations. Diluted earnings per share attributable to the parent for the first quarter of 2025 amounted to 3 Fils, compared to 4 Fils for the same period the previous year. The Company's operating profits stood at BD 2.9 million for the second quarter of 2025, compared to BD 3.2 million for the same period in the previous year, a decrease of 9.3%. The Company reported a net profit and comprehensive income attributable to the parent of BD 2.7 million for the six-month period ended 30th June 2025, compared to BD 3.1 million for the same period last year, a decrease of 12.9%. Basic and diluted earnings per share attributable to the parent for the six months period ended 30th June 2025 amounted to 6 fils, compared to 7 fils for the same period of the previous year. The Company reported a decrease in operating profit for the period ended 30th June 2025 by 10.4%, reaching BD 5.8 million, compared to 6.5 million for the same period of the previous year. Revenues for the period ended 30th June 2025 decreased by 9.7%, reaching 7.5 million, in comparison with the BD 8.3 million reported in the same period last year. The Company's total equity (after excluding the equity attributable to minority) for the second quarter of 2025 decreased by 0.9%, reaching BD 160.4 million, compared to BD 161.8 million for the same period in the previous year. Total assets for the second quarter decreased by 1.4 %, reaching BD 174.7 million compared to BD 177.1 million for the same period in the previous year. Commenting on these results, Seef Properties Chairman, Mr. Essa Mohamed Najibi stated: 'Our strategy continues to focus on diversifying our portfolio and enhancing the performance of our existing assets. Our balanced business model has helped us achieve several important milestones, including the signing of a second agreement to develop a large-scale mixed-use project in the Kingdom of Saudi Arabia. This is in line with our regional expansion plans and our ambition to share Seef Properties' expertise in real estate development, hospitality, and entertainment, while also building strategic partnerships that position us as a key contributor to Bahrain's economic growth and achieving the objectives of Economic Vision 2030.' Mr. Najibi expressed appreciation for the Kingdom's continued national achievements under the leadership of His Majesty King Hamad bin Isa Al Khalifa, and the follow-up of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. He added: 'Seef Properties remains committed to its role as a leading national company that contributes to economic development while consistently delivering value to shareholders and customers. Looking ahead, we will focus on launching high-quality, distinctive projects that respond to market needs, support urban growth in the region, and boost our competitive edge. We will continue investing in initiatives that reinforce Bahrain's leadership position and support its sustainable development goals.' Seef Properties Chief Executive Officer, Mr. Ahmed Yusuf said: 'At Seef Properties, we are executing a well-planned strategy to boost occupancy across our developments through targeted and attractive initiatives. In line with this, we have begun implementing our redevelopment plans, which mark an important new phase for the company. We are preparing for a full-scale transformation of Seef Mall – Seef District, reintroducing it in a modern form that reflects evolving visitor expectations through facility upgrades, service improvements, and new concepts that blend comfort with variety. We are also working to attract more top-tier local and international tenants and to diversify the mix of services offered to visitors. As a result, we have seen an increase in occupancy levels and signed new agreements that support our portfolio growth and enhance revenue sustainability.' Mr. Yusuf added: 'We are equally focused on enhancing visitor experience through environmentally conscious initiatives, most notably our solar energy project, which will supply clean electricity to all our commercial destinations. This is in line with our vision to improve quality of life in the Kingdom of Bahrain and support its commitment to meeting the highest global sustainability standards.'
Biz Bahrain
21-07-2025
- Biz Bahrain
Seef Properties unveils plan for a complete revamp of its flagship property, Seef Mall
Seef Properties announced a comprehensive plan to relaunch Seef Mall – Seef District with a bold new look as part of a major drive to redefine shopping and entertainment in the Kingdom. The goal is to deliver a more modern, state-of-the-art experience at one of Bahrain's best loved destinations. Over the next two years, the facility will undergo a complete transformation to redefine its identity. Introducing a more contemporary concept, it will blend shopping, entertainment, and upgraded amenities in a more inviting environment. This will create a seamless experience that better serves citizens, residents and visitors. The redevelopment will take place in phases, ensuring the mall remains fully operational while maintaining a comfortable and convenient experience for visitors. The first phase will see an upgrade to the destination's jewellery section to meet growing demand for luxury goods, while adding more variety for shoppers. Future phases will see the introduction of several global brands to the Bahraini market, including the well-known French fashion label Kiabi. The mall will also undergo a thorough review of its dining options, introducing new indoor and outdoor dining concepts. Alongside the interior renovations, surrounding green spaces will be redesigned to include shaded walkways and areas for social and family gatherings, allowing comfort of movement for mall visitors. Parking facilities will also be expanded to accommodate the anticipated rise in demand. Entertainment offerings will also see a major upgrade as part of the redevelopment. Magic Island will be relaunched with a new identity, covering approximately 3,900 square meters, including an extra 600 square meters dedicated to interactive children's games built around imaginative concepts and characters. As part of its commitment to supporting and engaging the youth, the plan includes a 2,500-square-meter social space designed for fun, energetic, and creative activities, including a range of programs and games. The overarching vision is to reinforce Seef Mall's position as a leading destination for family entertainment and leisure. The redevelopment also reflects Seef Properties' commitment to sustainability. Advanced technologies will be deployed to reduce energy and water consumption and minimize the mall's environmental footprint. These efforts align with Bahrain's goal of achieving net-zero carbon emissions by 2060, making Seef Mall a model for sustainable development in the commercial sector. Seef Properties Chief Executive Officer, Ahmed Yusuf said: 'This strategic redevelopment reflects our long-term vision to reinforce Seef Mall's position as a leading shopping and entertainment destination that evolves with retail trends. We are dedicated to developing high-quality projects that support Bahrain's urban and economic growth while contributing to key sectors such as tourism and retail. The project is also part of our strategy to diversify our portfolio and create greater value for our shareholders, partners, and the wider community.' Since its launch, Seef Mall has been a pioneer of Bahrain's retail landscape, becoming the first destination to fully integrate shopping, entertainment, and world-class amenities. With this redevelopment plan, Seef Mall reaffirms its commitment to delivering a unique experience that resonates with new generations, while remaining a first choice for families in Bahrain, the Gulf, and beyond.
Daily Tribune
09-07-2025
- Daily Tribune
Seef Properties in deal with EWA to join KAFA'A programme
Seef Properties signed an agreement with the Electricity and Water Authority (EWA) to participate in the national KAFA'A Programme, which aims to improve energy efficiency in high-consumption facilities. Under the agreement, Seef Mall – Seef District and Seef Mall – Muharraq will join the initiative, implementing a range of technical and operational measures to reduce electricity consumption and enhance energy efficiency in line with national standards. Part of Bahrain's broader strategy to promote energy sustainability and reduce carbon emissions, the KAFA'A Program is in line with regional efforts across the GCC to achieve clean and sustainable energy goals. It is considered one of the Kingdom's key national projects supporting its commitment to reaching carbon neutrality by 2060, contributing to the region's drive to address climate change and diversify energy sources. Seef Properties Chief Executive Officer, Ahmed Yusuf said: 'Our participation in the KAFA'A Program underscores our commitment to improving energy efficiency across our destinations. We are dedicated to adopting best practices in environmental sustainability, advanced technologies, and digital systems to optimize the management and operation of our properties. This step highlights the value of collaboration with government entities in achieving sustainable development goals and reinforces Seef Properties' role in supporting Bahrain's efforts to promote environmental sustainability and responsible resource use, in line with Bahrain Economic Vision 2030.'
