Latest news with #SeefProperties
Zawya
2 days ago
- Business
- Zawya
Alhelli Supermarket opens branch in Seef Mall
Manama, Kingdom of Bahrain – Seef Properties officially opened the new branch of Alhelli Supermarket at Seef Mall – Muharraq. His Excellency Shaikh Hamad bin Salman Al Khalifa, Assistant Undersecretary for Domestic and Foreign Trade, was present at the ceremony. The event was also attended by Alhelli Chairman, Mr. Ammar Mirza Alhelli; Alhelli CEO, Mr. Shaker Alhelli; Alhelli Projects and IT Manager, Mr. Sadiq Al Helli, and several senior officials from both parties. The new branch marks the fourteenth in the Alhelli Supermarket chain across the Kingdom and brings added value to the mall. Covering 3,834 square meters on the first floor, it features a modern design and state-of-the-art facilities aimed at providing a comfortable and convenient shopping experience. The store includes wide aisles, self-checkout stations, and an extensive selection of fresh, organic, and locally sourced products, as well as everyday essentials to offer customers high quality and unique service. Seef Properties Chief Executive Officer, Mr. Ahmed Yusuf said: 'We thank His Excellency Shaikh Hamad bin Salman Al Khalifa, Assistant Undersecretary for Domestic and Foreign Trade for his continued support and for attending the inauguration of this new branch, which aligns with our strategy to enhance our destinations and offer visitors a more complete and seamless experience. This addition further strengthens the mall's position as a top shopping destination and reflects our ongoing efforts to support the local retail sector by attracting leading national brands that contribute to Bahrain's commercial landscape. We are confident this new branch will be well received by shoppers and will help boost overall visitor satisfaction. Alhelli CEO, Mr. Shaker Alhelli said: 'This new branch is a strategic step in our ongoing expansion into locations that are well-positioned to serve surrounding communities. We chose Seef Mall – Muharraq for its central location and wide range of services, making it an ideal setting to grow the Alhelli brand and offer a high-quality shopping experience that meets the expectations of our customers. We value our collaboration with Seef Properties and look forward to delivering a retail experience that resonates with shoppers.' Since its opening in 2015, Seef Mall – Muharraq has grown into a leading shopping and entertainment destination, thanks to its prime waterfront location overlooking Arad Fort and its diverse mix of well-known brands and dining options. Alhelli Supermarket began its journey in 1975 as a small neighborhood store and has since evolved into one of the most successful retail companies in Bahrain. Media contact: Mohammed Isa Perceptions PR & Digital Email: mohammed@ About Seef Properties: Seef Properties B.S.C. was established in the year 1999 and is a public shared company listed on Bahrain Bourse since 2007 with its operations headquartered in the Kingdom of Bahrain, becoming a leader in the retail, hospitality, entertainment and real estate development sectors on the level of the Kingdom. Today, Seef Properties manages a large portfolio of assets, promoting its position as a distinguished commercial brand. The vision of Seef Properties is centered to its constant strives to become a leading real estate company in innovation and diversity, driven by the implementation of the highest standards and values to achieve its goal in excellence, and the satisfaction of shareholders, partners and clients. The Company's message is centered to the development, acquisition and management of a real estate investment portfolio that serves the retail, entertainment and hospitality sectors.
Trade Arabia
01-06-2025
- Business
- Trade Arabia
Al Salam Bank announces sale of key stake in Seef Properties
Al Salam Bank, the largest Islamic bank in Bahrain, has announced the sale of its 15.6% shareholding in Seef Properties to GFH. The exit of Seef Properties forms part of a broader Group optimization strategy designed to expand and reinforce focus on core banking operations and the Group's strategic holdings in banking, takaful, and asset management. ASB Capital, the Group's asset management arm, was appointed by Al Salam Bank as sell-side advisor. Under this, ASB Capital's key role will be to assist in sourcing, structuring and executing the exit of its significant minority stake in Seef Properties. Launched earlier this year with a starting assets under management (AUM) of $4.5 billion, ASB Capital recently launched its investment banking offering covering advisory, transaction mandates, capital market solutions, and other bespoke offerings across various asset classes. On this transaction, Rafik Nayed, Group Chief Executive Officer of Al Salam Bank and Managing Director of ASB Capital, said: "This transaction represents our continued commitment to exit non-strategic holdings as part of a group-wide optimization initiative." "Aligned with our strategy, we are reallocating capital and focus towards growing core banking operations and expanding our strategic holdings in banking, takaful, and asset management- sectors that offer long term value and operational synergies within the context of the Group," he noted. Additionally, Nayed said: "ASB Capital's role in facilitating the transaction, despite global market volatility, underscores the strength of our expertise and execution capabilities in transaction advisory and capital markets."
Biz Bahrain
31-05-2025
- Entertainment
- Biz Bahrain
Seef Entertainment Launches Exciting Eidyeah Packages and Offers for Eid Al Adha
Seef Entertainment, the leading family entertainment company in the Kingdom of Bahrain and the entertainment arm of Seef Properties, is joining citizens, residents and visitors in celebrating Eid Al Adha with exclusive Eidyeah packages and exceptional experiences at its top destinations: Yabeela, Magic Island, Hawa, and Jumpoline, from June 6 to 14, 2025. This year's Eidyeah Packages include generous bonus credits on game cards of up to BD 15, giving guests more opportunities to enjoy a wide range of games and exhilarating experiences in a joyful and festive atmosphere. At Yabeela, located in Al Liwan, the first package offers an additional BD 15 in credit when topping up a game card with BD 35, giving guests a total balance of BD 50. The second package provides BD 6 in bonus credit with a BD 20 top-up, for a total of BD 26. At Magic Island, guests receive BD 10 in extra credit when topping up with BD 25, bringing the total to BD 35. A second package gives BD 4.5 in bonus credit with a BD 15 top-up, for a total of BD 19.5. These special offers reflect Seef Entertainment's commitment to sharing the joy of Eid Al Adha with the Bahraini community by delivering the best family entertainment experiences and reaffirming its position as the Kingdom's top entertainment destination. On this occasion, Mr. Ahmed Yusuf, Chief Executive Officer of Seef Properties, stated: 'We are delighted to celebrate Eid Al Adha with our valued visitors by offering a variety of exciting entertainment promotions and exceptional Eidyeah packages across all our centres. Our goal is to create unforgettable moments for the entire family and reinforce Seef Entertainment's leadership as Bahrain's premier entertainment destination.' He added: 'We are always committed to providing unique entertainment experiences that cater to all age groups. Through these offers, we aim to spread joy and happiness among our guests during the Eid holidays.' Seef Entertainment invites all guests to take advantage of these special offers and enjoy exceptional moments of fun, excitement, and adventure with family and friends—creating cherished memories in a safe and thrilling environment. Discover the Top Seef Entertainment Destinations: Yabeela – Bahrain's Largest Indoor Entertainment Centre Spanning 6,000 square metres, Yabeela offers thrilling, family-friendly interactive experiences, including games inspired by Bahraini heritage such as Al Dawama and the Tree of Life. It's the perfect spot for families seeking safe, modern, and engaging fun.
Daily Tribune
30-05-2025
- Entertainment
- Daily Tribune
Seef Entertainment launches Eidyeah packages and offers for Eid Al Adha
Seef Entertainment, the leading family entertainment company in the Kingdom of Bahrain and the entertainment arm of Seef Properties, is joining citizens, residents and visitors in celebrating Eid Al Adha with exclusive Eidyeah packages and exceptional experiences at its top destinations: Yabeela, Magic Island, Hawa, and Jumpoline, from June 6 to 14. This year's Eidyeah Packages include generous bonus credits on game cards of up to BD 15, giving guests more opportunities to enjoy a wide range of games and exhilarating experiences in a joyful and festive atmosphere. At Yabeela, located in Al Liwan, the first package offers an additional BD 15 in credit when topping up a game card with BD 35, giving guests a total balance of BD 50. The second package provides BD 6 in bonus credit with a BD 20 top-up, for a total of BD 26. At Magic Island, guests receive BD 10 in extra credit when topping up with BD 25, bringing the total to BD 35. A second package gives BD 4.5 in bonus credit with a BD 15 top-up, for a total of BD 19.5. Sharing joy These special offers reflect Seef Entertainment's commitment to sharing the joy of Eid Al Adha with the Bahraini community by delivering the best family entertainment experiences and reaffirming its position as the Kingdom's top entertainment destination. On this occasion, Ahmed Yusuf, Chief Executive Officer of Seef Properties, stated: 'We are delighted to celebrate Eid Al Adha with our valued visitors by offering a variety of exciting entertainment promotions and exceptional Eidyeah packages across all our centres. Our goal is to create unforgettable moments for the entire family and reinforce Seef Entertainment's leadership as Bahrain's premier entertainment destination.' He added: 'We are always committed to providing unique entertainment experiences that cater to all age groups. Through these offers, we aim to spread joy and happiness among our guests during the Eid holidays.' Seef Entertainment invites all guests to take advantage of these special offers and enjoy exceptional moments of fun, excitement, and adventure with family and friends—creating cherished memories in a safe and thrilling environment. Attractions Seef Entertainment's premier attractions include: Yabeela, the kingdom's largest indoor entertainment center, spans 6,000 sqm with interactive games inspired by Bahraini heritage, including Al Dawama and the Tree of Life. At Magic Island, visitors can explore over 100 games across six themed zones, blending classic and modern amusements in a vibrant indoor setting. For high-energy fun, Hawa— Bahrain's biggest inflatable park—delivers endless bouncing excitement, while Jumpoline in Seef Mall – Isa Town features trampolines, climbing zones, and active games for all ages.
Zawya
28-05-2025
- Business
- Zawya
Al Salam Bank exits 15.6% stake in Seef Properties
Manama, Bahrain: Al Salam Bank (Bahrain Bourse trading code 'SALAM', Dubai Financial Market trading code 'SALAM_BAH'), the largest Islamic bank in Bahrain, announced the sale of its 15.6% shareholding in Seef Properties (Bahrain Bourse trading code 'SEEF') to GFH (Bahrain Bourse trading code GFH). ASB Capital, the Group's asset management arm, was appointed by Al Salam Bank as sell-side advisor. The exit of Seef Properties forms part of a broader Group optimization strategy designed to expand and reinforce focus on core banking operations and the Group's strategic holdings in banking, takaful, and asset management. ASB Capital was mandated by Al Salam Bank to assist in sourcing, structuring, and executing the exit of its significant minority stake in Seef Properties. Launched earlier this year with a starting AUM of USD 4.5 billion, ASB Capital recently launched its investment banking offering covering advisory, transaction mandates, capital market solutions, and other bespoke offerings across various asset classes. Commenting on this transaction, Rafik Nayed, Group Chief Executive Officer of Al Salam Bank and Managing Director of ASB Capital, said: 'This transaction represents our continued commitment to exit non-strategic holdings as part of a group-wide optimization initiative. Aligned with our strategy, we are reallocating capital and focus towards growing core banking operations and expanding our strategic holdings in banking, takaful, and asset management- sectors that offer long term value and operational synergies within the context of the Group.' Additionally, he stated: 'ASB Capital's role in facilitating the transaction, despite global market volatility, underscores the strength of our expertise and execution capabilities in transaction advisory and capital markets. Backed by a strong pipeline from both local and regional institutional clients spanning private equity, syndications, capital instruments, and advisory services, ASB Capital is well positioned to capitalize on the growing momentum in regional deal activity.
