“Sword Real Estate” achieves 1.2 million dinars, net profits for the period ending March 31, 2025

The Al Seef Real Estate Company announced. (Trading code on the Bahrain Stock Exchange: seef) on its financial results for the period ending March 31, 2025. The company recorded a clear profit and a comprehensive income of returnees on the shareholders of the parent company at a value of 1.2 million Bahraini dinars during the first quarter of the year 2025, compared to 1.4 million Bahraini dinars in the first quarter of the year 2024, a decrease of 12.5%. This decrease is due to the high intensity of competition in the market and economic variables. The basic share of the arrow from the profits belonging to the shareholders of the parent company in the first quarter of the year 2025 reached 2.7 fils compared to 3.0 fils in the same period last year. The value of the company’s operating profits reached 2.9 million Bahraini dinars during the first quarter of the year 2025 compared to 3.3 million Bahraini dinars in the same period last year, a decrease of 11.9%. The total shareholders ’rights (after excluding the minority rights) recorded a decrease of 1.8% for the first quarter of the year 2025 to reach 159.0 million Bahraini dinars compared to 161.8 million BD in the same period last year. As for the total assets, it witnessed an increase of 0.4% to reach 177.8 million Bahraini dinars for the first quarter of the year 2025 compared to 177.1 million Bahraini dinars last year. Commenting on these results, the Chairman of the Board of Directors of the Sword Real Estate Company, Mr. Issa Mohamed Najibi, said: “The Al -Seef Real Estate Company continues to consolidate its position as a leading institution that enjoys an insightful strategy vision and a high ability to adapt to various economic changes. We have seen in this quarter a performance that reflects our commitment to financial sustainability and achieving growth in various promising sectors, especially the hospitality and retail sectors. The decrease in revenues in this chapter, a number of our destinations continue to achieve a flexible performance in light of the fluctuations of the market and intense competition thanks to the model of our business based on innovation and excellence. Our strategic partnerships in reaping their fruits, which will eventually reflect on our financial performance and add more value for our shareholders and all relevant parties, which enhances our confidence in continuing building on these gains. Mr. Najibi explained that the sword real estate company is still committed to offering specific projects that are in line with the goals of Bahrain’s economic vision 2030, which has been achieved many of its desired results thanks to support His Majesty King Hamad bin Isa Al Khalifa, the King of the Kingdom of Bahrain, the Most Gracious, may God protect and preserve him, and the follow -up of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, may God protect him. At the local and regional levels, the Kingdom’s competitiveness supports and strengthens its position as a regional commercial center in the region. ”For his part, CEO of Al Seef Real Estate Company, Mr. Ahmed Youssef, said: Trade and its strategic location, in addition to the qualitative addition of the Fraser Switz wings that contributed to attracting a new category of visitors and tourists. We also continue to work to revitalize our trade destinations by attracting distinctive brands and enhancing the diversity of the commercial mix, as well as moving forward in renewal and expansion plans. ”Mr. Ahmed Youssef added:“ In our commitment to sustainability, the solar energy project that we recently launched in cooperation with the company (Yellow Door Energy) continues to apply according to the planned timetable, where it takes place, where it takes place, where it takes place. Currently carrying out business in all our commercial destinations, and will effectively contribute to reducing carbon emissions.