(MENAFN) First Bahrain Real Estate Development has recorded revenue of USD2.7mn amid 2016, showing annual increase of 148 percent over the USD1.1mn posted in the year prior.
Accordingly, First Bahrain is building momentum as it installs its plans, activating dormant land holdings and spreading its sectorial holdings.
Additionally, it also had operating income from only 28 percent of its holdings, being the Majaal industrial facilities, while it grew its revenue like that 49 percent of the investment property.
Furthermore, rental income has increased a combined total of 353 percent from KD279.815 to KD1.26mn, whereas the value of the assets grew at 22 percent from KD29.35mn to KD35.93mn.
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