Tameer posts US$ 1.6 million H1 profit

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Al Khaleej Development Company (Tameer), the real estate development arm of INOVEST Group yesterday announced its financial results for the first six months of the year ending 2023.

Tameer reported net profits of US$ 1.62 million reflecting the Company’s continued steady growth and progress of its business strategy to become a leading boutique real estate investment and development company with a noted presence in the Kingdom of Bahrain.

Talal Almulla, Managing Director of Tameer, noted, “Since Tameer’s re-brand and mandate to expand its presence within the real estate market we have been focused on identifying unique and value-added real estate opportunities. This was reflected in the recently launched Talia Villas located in Danat Al Bahrain. We have also made progress and hope to launch new real estate projects which will cement the Company’s strategic diversification and redeployment plans.”