Seef Properties BSC (Seef) is a public registered company registered with the Ministry of Industry and Commerce in the Kingdom of Bahrain. The Company was initially established in 1999 as a wholly owned subsidiary of Eskan Bank (formerly Housing Bank). On 16 December 2001, His Majesty, Hamad bin Isa bin Salman Al-Khalifa, the King of Bahrain graciously gifted 30% of the ownership to ‘Eligible Citizens’ (identified as needy families) of the Kingdom of Bahrain. To facilitate the implementation of His Majesty’s directives, the shareholders of the company resolved to transfer the ownership of the company to Ministry of Finance. (MoF)

The MoF subsequently allocated 30% of the ownership to widows and orphans, while at the same time appointed a representative from the Ministry of Justice and Social Affairs on the Board of Seef to represent the interests of these needy families.

By virtue of an initial public offer (IPO) conducted during April 2007, the company transformed itself to a public joint stock company.

Shareholdings
The Company’s authorized capital is BD 100 million – consisting of 1000 million shares with a nominal value of BD 0.100 fils each. As at end 2008, the company’s issued and paid-up capital stood at BD 46 million with ownership distributed as under:

Shareholder	No. of shares	Percentage of shareholding interest
Widows and orphans	138,000,000	30.00%
Pension fund commission	96,600,000	21.00%
General public & institutional investors	222,910,000	48,46%
Tenants, Leaseholders & employees	2,490,000	0.54%

Scope of activities
The Company is engaged in the real estate business and providing leisure and family recreational facilities. It is the owner, developer and manager of over 700 commercial / retail units in 45 different locations in the Kingdom of Bahrain. The flagship properties are “Seef Mall”, “Isa Town Mall”, and the indoor family recreational facility “Magic Island” that is situated in both Seef Mall and Marina Mall. The Company also owns a fully furnished serviced apartments’ tower located in Seef Mall and run by and “Fraser Suites”.
Seef Mall
Seef Mall – located in Seef district has now become a distinct icon of prestigious shopping with world-class retail, fashion, jewelry brands available within one facility. The mall attracts a high volume of business both from local and visiting Arab population and expatriates alike. Seef Mall currently offers a selection of more than 300 retail units offering well-known international brands, sixteen screen multiplex cinema and more than 45 restaurants and coffee shops which combined offers seating for nearly 20,000 visitors each week. The Mall also offers direct access to Fraser Suites Seef – Bahrain which is a fully furnished serviced apartments tower. The Mall has a total area of 135,000 square meters with gross letable area of nearly 72,000 square meters. The Mall also offers enough number of car parks including two multi-storey car parks located on both ends of the Mall. The Mall and its support facilities provide employment opportunities to nearly 2,000 residents of Bahrain.

For More Information Visit Our Website www.seef.net