Seef Properties BSC operates in the Nonresidential building operators sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Seef Properties BSC with three other
Real estate operators in Middle East:
Knowledge Economic City Company SJSC
of SAUDI ARABIA
(2020
sales of 112.94 million Saudi Arabian Riyals [US$30.11 million]
of which 100%
was Property Development),
Medi Power Overseas Public Co Ltd
of ISRAEL
(81.92 million Israel Shekels [US$25.60 million]
), and
Menivim The New REIT Ltd
which is
also
based in ISRAEL
(112.00 million Israel Shekels [US$35.00 million]
).
Sales Analysis.
During the second
quarter of 2021, sales at Seef Properties BSC totalled
2.99 million Bahrainian Dinars.
This is
an increase of 53.0%
from the 1.95 million Bahrainian Dinars in sales at the company during the second quarter of 2020.
This was the biggest same quarter rise in sales at Seef Properties BSC in the previous 35 quarters.
During the first two
quarters of 2021, sales totalled 5.91 million Bahrainian Dinars, which is
3.7% higher
than through the first two quarters of 2020.
Seef Properties BSC reported sales of 11.46 million Bahrainian Dinars (US$30.40 million)
for the
year ending
December of 2020.
This
represents
a
sharp
decrease of 32.7%
versus 2019, when the company's sales were 17.03 million Bahrainian Dinars.
Contributing to the drop in overall sales was the 85.0% decline
in Leisure and Entertainment, from 1.73 million Bahrainian Dinars to 260,300.00 Bahrainian Dinars.
There were also decreases in sales in
Malls and Properties (down 20.7% to 10.51 million Bahrainian Dinars)
and
Serviced Apartments (down 66.3% to 687,253.00 Bahrainian Dinars)
.