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The president of the Commercial Real Estate Company, Abdul Fattah Mohammed Rafi Marafi, said the company's financial results for the year ended June 30, 2019 translated into a net profit of 5.83 million dinars, a return average capital of 2% and return on capital 3.3%.
Marafie added that the company is constantly striving to keep pace with its achievements and successes by focusing on operating profits, which improves its bottom line and cash flow in line with objectives. and strategies, taking into account the current political and economic situation and its impact on global and surrounding markets.
Regarding the project of the symphony tower in Bahrain, Marafie said that at the beginning of this year, fully furnished apartments for all 9th floor units had been inaugurated and were open to guests wishing to see them. Residential early 2020.
He added that the commercial real estate company is currently preparing for the official opening of the "Dine Zone" project, located in the district of Fintas, composed of 26 villas with a charming atmosphere directly overlooking the sea. It should be noted that the project area is 8,300 m 2 and that 96% of the total housing has been rented.
Marafie added that Commercial Real Estate Company had organized several events during the second quarter of 2019 in order to reinforce its essential role in the area of social responsibility and its concern to apply the principles of corporate governance.
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