Bahrain Commercial Facilities Company reports strong financial recovery in 2024
Bahrain Commercial Facilities Company (BCFC) achieved a significant financial turnaround in 2024, reporting a BD 5 million profit, marking a strong recovery from the previous year. The positive results were announced during the company's Annual General Meeting (AGM) held yesterday, where Chief Executive Officer Abdulla Bukhowa highlighted BCFC's strategic progress and future aspirations.
Reflecting on 2023, Bukhowa acknowledged the economic difficulties that impacted businesses globally. Despite these challenges, BCFC took decisive steps to strengthen its financial position and set the foundation for sustainable growth.
'The company undertook key strategic initiatives to enhance operational efficiency and drive business performance. As a result, we successfully achieved BD 5 million in profit, with notable growth in our lending portfolio and strong performance in car sales,' Bukhowa stated.
Additionally, BCFC demonstrated financial resilience by repaying a substantial portion of matured loans using its own resources, reinforcing its financial stability.
Looking ahead to 2025, BCFC is focused on innovation, growth, and reinforcing its core strengths. The company remains committed to introducing new and innovative products while continuing to strengthen risk management and compliance frameworks.
'Our goal is to build on this positive momentum by enhancing our offerings and ensuring operational excellence across all areas. We are dedicated to sustainable growth and long-term success,' Bukhowa affirmed.
Looking ahead to 2025, BCFC is focused on innovation, growth, and reinforcing its core strengths. The company remains committed to introducing new and innovative products while continuing to strengthen risk management and compliance frameworks.
'Our goal is to build on this positive momentum by enhancing our offerings and ensuring operational excellence across all areas. We are dedicated to sustainable growth and long-term success,' Bukhowa affirmed.
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