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Real estate developer First Bahrain has appointed Protiviti's member firm for the Middle East region as its internal auditor.
The move to appoint Protiviti comes as part of First Bahrain's proactive approach to risk management and quality control, measures that have resulted in the company maintaining strong financial performance despite the global economic downturn.
Protiviti will also be involved in risk assessment and management for First Bahrain's project at the Bahrain Investment Wharf (BIW), and its other projects. First Bahrain's current warehousing project at the BIW is an example of the company's demand-driven investment approach and when launched later this year, will fill an existing niche in the Bahrain market for logistics space catering to the small to medium enterprise sector.
The appointment of Protiviti as internal auditor will help First Bahrain to better manage business and technology risks and improve on the effectiveness of the organization by reviewing and assessing the day to day operations, company record keeping, risk assumptions made and the company's investments.
