Latest news with #SeefProperties
Trade Arabia
a day ago
- Business
- 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
3 days ago
- Entertainment
- Biz Bahrain
Seef Entertainment Launches Exciting Eidyeah Packages and Offers for Eid Al Adha
Seef Entertainment, the leading family entertainment company in the Kingdom of Bahrain and the entertainment arm of Seef Properties, is joining citizens, residents and visitors in celebrating Eid Al Adha with exclusive Eidyeah packages and exceptional experiences at its top destinations: Yabeela, Magic Island, Hawa, and Jumpoline, from June 6 to 14, 2025. This year's Eidyeah Packages include generous bonus credits on game cards of up to BD 15, giving guests more opportunities to enjoy a wide range of games and exhilarating experiences in a joyful and festive atmosphere. At Yabeela, located in Al Liwan, the first package offers an additional BD 15 in credit when topping up a game card with BD 35, giving guests a total balance of BD 50. The second package provides BD 6 in bonus credit with a BD 20 top-up, for a total of BD 26. At Magic Island, guests receive BD 10 in extra credit when topping up with BD 25, bringing the total to BD 35. A second package gives BD 4.5 in bonus credit with a BD 15 top-up, for a total of BD 19.5. These special offers reflect Seef Entertainment's commitment to sharing the joy of Eid Al Adha with the Bahraini community by delivering the best family entertainment experiences and reaffirming its position as the Kingdom's top entertainment destination. On this occasion, Mr. Ahmed Yusuf, Chief Executive Officer of Seef Properties, stated: 'We are delighted to celebrate Eid Al Adha with our valued visitors by offering a variety of exciting entertainment promotions and exceptional Eidyeah packages across all our centres. Our goal is to create unforgettable moments for the entire family and reinforce Seef Entertainment's leadership as Bahrain's premier entertainment destination.' He added: 'We are always committed to providing unique entertainment experiences that cater to all age groups. Through these offers, we aim to spread joy and happiness among our guests during the Eid holidays.' Seef Entertainment invites all guests to take advantage of these special offers and enjoy exceptional moments of fun, excitement, and adventure with family and friends—creating cherished memories in a safe and thrilling environment. Discover the Top Seef Entertainment Destinations: Yabeela – Bahrain's Largest Indoor Entertainment Centre Spanning 6,000 square metres, Yabeela offers thrilling, family-friendly interactive experiences, including games inspired by Bahraini heritage such as Al Dawama and the Tree of Life. It's the perfect spot for families seeking safe, modern, and engaging fun.
Daily Tribune
4 days ago
- Entertainment
- Daily Tribune
Seef Entertainment launches Eidyeah packages and offers for Eid Al Adha
Seef Entertainment, the leading family entertainment company in the Kingdom of Bahrain and the entertainment arm of Seef Properties, is joining citizens, residents and visitors in celebrating Eid Al Adha with exclusive Eidyeah packages and exceptional experiences at its top destinations: Yabeela, Magic Island, Hawa, and Jumpoline, from June 6 to 14. This year's Eidyeah Packages include generous bonus credits on game cards of up to BD 15, giving guests more opportunities to enjoy a wide range of games and exhilarating experiences in a joyful and festive atmosphere. At Yabeela, located in Al Liwan, the first package offers an additional BD 15 in credit when topping up a game card with BD 35, giving guests a total balance of BD 50. The second package provides BD 6 in bonus credit with a BD 20 top-up, for a total of BD 26. At Magic Island, guests receive BD 10 in extra credit when topping up with BD 25, bringing the total to BD 35. A second package gives BD 4.5 in bonus credit with a BD 15 top-up, for a total of BD 19.5. Sharing joy These special offers reflect Seef Entertainment's commitment to sharing the joy of Eid Al Adha with the Bahraini community by delivering the best family entertainment experiences and reaffirming its position as the Kingdom's top entertainment destination. On this occasion, Ahmed Yusuf, Chief Executive Officer of Seef Properties, stated: 'We are delighted to celebrate Eid Al Adha with our valued visitors by offering a variety of exciting entertainment promotions and exceptional Eidyeah packages across all our centres. Our goal is to create unforgettable moments for the entire family and reinforce Seef Entertainment's leadership as Bahrain's premier entertainment destination.' He added: 'We are always committed to providing unique entertainment experiences that cater to all age groups. Through these offers, we aim to spread joy and happiness among our guests during the Eid holidays.' Seef Entertainment invites all guests to take advantage of these special offers and enjoy exceptional moments of fun, excitement, and adventure with family and friends—creating cherished memories in a safe and thrilling environment. Attractions Seef Entertainment's premier attractions include: Yabeela, the kingdom's largest indoor entertainment center, spans 6,000 sqm with interactive games inspired by Bahraini heritage, including Al Dawama and the Tree of Life. At Magic Island, visitors can explore over 100 games across six themed zones, blending classic and modern amusements in a vibrant indoor setting. For high-energy fun, Hawa— Bahrain's biggest inflatable park—delivers endless bouncing excitement, while Jumpoline in Seef Mall – Isa Town features trampolines, climbing zones, and active games for all ages.
Zawya
6 days ago
- Business
- Zawya
Al Salam Bank exits 15.6% stake in Seef Properties
Manama, Bahrain: Al Salam Bank (Bahrain Bourse trading code 'SALAM', Dubai Financial Market trading code 'SALAM_BAH'), the largest Islamic bank in Bahrain, announced the sale of its 15.6% shareholding in Seef Properties (Bahrain Bourse trading code 'SEEF') to GFH (Bahrain Bourse trading code GFH). ASB Capital, the Group's asset management arm, was appointed by Al Salam Bank as sell-side advisor. 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 was mandated by Al Salam Bank to assist in sourcing, structuring, and executing the exit of its significant minority stake in Seef Properties. Launched earlier this year with a starting AUM of USD 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. Commenting 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.' Additionally, he stated: '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. Backed by a strong pipeline from both local and regional institutional clients spanning private equity, syndications, capital instruments, and advisory services, ASB Capital is well positioned to capitalize on the growing momentum in regional deal activity.
Zawya
6 days ago
- Business
- Zawya
Bahrain's GFH Financial raises stake in Seef Properties to nearly 30%
Manama-headquartered GFH Financial Group has increased its stake in Seef Properties to nearly 30%, reinforcing its ownership in one of the major players in Bahrain's real estate sector. The investment firm confirmed on Tuesday that it has acquired additional 15.63% of shares in the real estate development and commercial centre management company, bringing its total shareholding to 27.98%. Last year, GFH acquired a little over 12% stake in Seef Properties. 'This step aims to create additional value for our shareholders within the real estate portfolios operating in the same sector,' said Hisham Alrayes, CEO and Board Member of GFH. Managing more than $22.48 billion in assets and funds, the company is listed on four stock exchanges, including the Bahrain Bourse, Boursa Kuwait, Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM). (Writing by Cleofe Maceda; editing by Seban Scaria)
