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Article: First Bahrain Announces Impressive Financial Results for 2007
- Article from:
- Al Bawaba
- Article date:
- April 24, 2008
CopyrightCopyright 2008 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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First Bahrain, a rising star among the region's real estate
firms, today announced the release of the company's performance for
2007 ahead of their AGM. The 2007 figures released on behalf of the
Board of Directors record a net profit of KD 4.85 million, a 29%
improvement on the company's performance in 2006.
Given this financial achievement the board decided that it was
appropriate to begin dividend payments to the company's
shareholders, recommending 10% dividend, half of which would be paid
in cash and half in shares. The company now has a paid up capital of
KD30 million. The return on equity (ROE) achieved was 12.5%
Speaking on the announcement of the company's excellent
performance, Mr. ...