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Esterad sells its 5.29 per cent stake in Bahrain Duty Free

September 20, 2024
0
Esterad sells its 5.29 per cent stake in Bahrain Duty Free

Bahrain: Esterad Investment Company B.S.C. in a statement said that it successfully exit from Bahrain Duty Free Shop Complex Company by selling its entire stake of 5.29%.

“This exit represents an important addition to the successful exits implemented by Esterad, which comes within the framework of the strategy to exit some investments that have achieved their goals. This exit will also contribute to recycling the investment portfolio and employing the liquidity resulting from the exit to enter into new investments and search for promising opportunities with high returns and high growth rates that contribute to improving the company’s profitability,” Ahmed Abdulrahman, CEO of Esterad Investment Company, said: Ahmed Abdulrahman, CEO of Esterad Investment Company, said.

Tags: Bahrain Duty FreeEsterad
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