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Bahrain-based real estate company Sahab Al Khaleej has posted a profit of $1.3 million last year.
The company's total assets amounted to $24.86 million. This was revealed at its annual general meeting held recently at the Ritz Carlton Hotel. The firm's future growth plans and business strategy were also unveiled at the meeting.
Ernest & Young, Sahab Al Khaleej external auditors, also presented the audited report for last year's financial results of the company.
It has grown in total assets value by 10 per cent and has made investments in the form of property, mutual funds and securities in the region.
The firm is a Bahraini closed shareholding registered company with an authorised capital of BD50 million and paid-up-capital of BD 8.5 million.
The company is supported by prominent financial institutions such as First Investment Company - Kuwait, International Investment Bank - Bahrain and Al Safwa Group Holding Company - Kuwait.
