Bahrain Tourism Company BSC

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News

15 February 2017 11:59 AM Bahrain Tourism suffers losses in Q4

Mubasher: Bahrain Tourism suffered losses of BHD 6.26 million ($16.49 million) during the fourth quarter of 2016 against a profit of BHD 680,000 ($1.79 million) in the same period of 2015. During the fiscal year of 2016, the company posted BHD …

Financial Results

8 December 2016 03:53 PM Bahrain Tourism to convert Crowne Plaza to sole Proprietorship

Mubasher: Bahrain Tourism Company said Thursday that it has submitted a request to the registration department of the ministry of trade, tourism, commerce and industry to convert the Crowne Plaza Hotel to a sole Proprietorship. The company also …

Corporate Actions

2 November 2016 10:05 AM Bahrain Tourism Q3 profit down 33%

Mubasher: Bahrain Tourism Company posted on Sunday a year-on-year fall of 81.7% in its net profit for the third quarter of the fiscal year 2016, according to a statement. Profits reached BHD 562,000 ($1.48 million) in Q3-16, compared to BHD …

Financial Results

14 August 2016 04:03 PM Bahrain Tourism Q2 profit declines 82%

Mubasher: Bahrain Tourism Company posted on Sunday a year-on-year fall of 81.7% in its net profit for the second quarter of the fiscal year 2016. Net profit reached BHD 62,590 ($166,000) in Q2-16, versus BHD 341,090 ($409,600) in Q2-15, according …

Financial Results

9 June 2016 11:10 AM Bahrain’s Gulf Hotels announces 100% acquisition of BTC

Mubasher: Gulf Hotels Group announced its full acquisition of Bahrain Tourism Company (BTC), both listed on the Bahrain Bourse, through a swap deal, according to a bourse filing Thursday. “Accordingly, all shareholders who previously held shares …

Mergers and Acquisitions

5 May 2016 01:03 PM Bahrain Tourism Q1 profits rise 21%

Mubasher: Bahrain Tourism recorded an increase of 21% in Q1 profits as compared to the same period in 2015, the company said in a statement. Earnings rose to BHD 845,000 ($2.226 million) in Q1-16, compared to about BHD 699,400 ($1.842 million) in …

Financial Results

30 March 2016 02:58 PM Bahrain Tourism’s shareholders approve 17% dividends

Bahrain Tourism’s ordinary general meeting approved the dividends recommended for the fiscal year 2015. The company will pay 17% cash dividends of the capital or 17 fils per share, with an overall value worth BHD 1.224 million. Bahrain Tourism …

Corporate Actions

15 March 2016 02:43 PM Bahrain Tourism gets two takeover offers

Mubasher: Bahrain Tourism received on 13 March two separate acquisition offers from Gulf Hotels Group and Al-Jazeera Tourism, according to a bourse statement. Gulf Hotels said it has submitted a voluntary, conditional offer to fully take over …

Corporate Actions

10 March 2016 11:59 AM Bahrain Tourism OGM to discuss distributing 17 fils/shr 30 March

Mubasher: Bahrain Tourism Company’s ordinary general meeting to be held on Wednesday 30 March to discuss distributing cash dividends for 2015. OGM will discuss board of directors’ proposal of distributing cash dividend by 17% or 17 fils of the …

Event

18 February 2016 11:28 AM Bahrain Tourism earnings rise 27% in Q4

Mubasher: Bahrain Tourism Company’s (BTC) profits grew by 27% in the last quarter of 2015. The company also announced an increase in the dividends compared to the previous year. BTC achieved BHD677,000 ($1.8 million) net earnings in the three …

Financial Results

13 January 2016 02:47 PM AlJazeera Tourism says Bahrain Tourism evaluating merger with Gulf Hotels

Bahrain Tourism Company (BTC) is currently evaluating the feasibility of merger with Gulf Hotels Group and Al Jazeera Tourism Company, according to a bourse filing. Bahrain Tourism Company said that its work is in progress in assessing the …

Mergers and Acquisitions

22 December 2015 04:38 PM Major shareholder raises stake in Bahrain Tourism

Mubasher: Bahrain Tourism Company (BTC) said that a major shareholder has executed on Tuesday a purchase transaction on 51,600 shares, with a total value of BHD 11,558.400, according to a bourse statement. BTC noted that Yousif Abdulla Amin is the …

Corporate Actions

12 November 2015 09:59 AM Bahrain Tourism earnings rise to BHD 1.46m in 9M

Mubasher: Bahrain Tourism Co. (BTC) reported net earnings of BHD 1.46 million for the first nine months of 2015, leaping 35.6% compared with BHD 1.08 million a year earlier. Q3-15 net earnings also grew 62.6% year-on-year from BHD 260,000 to BHD …

Financial Results

16 September 2015 11:32 AM Bahrain Tourism to review interim financials 11 November

Mubasher: Bahrain Tourism Co. (BTC) will hold a board meeting on 11 November, 1:30pm, to look into financial statements for the period ending 30 September 2015. The company operates with BHD 7.2 million capital, divided into 72 million shares at a …

Event

14 September 2015 11:33 AM Bahrain's BTC inks MoU with Gulf Hotels, Al Jazeera Tourism

Mubasher: Bahrain Tourism Co. (BTC) has signed a memorandum of understanding (MoU) with Gulf Hotels Group (GHG) and Al Jazeera Tourism Co. to evaluate the feasibility of merger or acquisition, the company said in a bourse statement. Gulf Hotels …

Mergers and Acquisitions

22 February 2015 10:36 AM Bahrain Tourism proposes 12 fils/shr dividend

Cairo-Mubasher: The board of Bahrain Tourism Co. recommended to the upcoming ordinary general meeting cash dividend at 12% of paid-in capital, or 12 fils per share.FY14 net profit reached BHD 1.6 million ($436 thousand), rising 48.36% compared …

Financial Results

22 February 2015 09:25 AM Bahrain Tourism annual profit rises to BHD 1.6m

Cairo-Mubasher: Bahrain Tourism Co. posted a 48.36% leap in FY14 net earnings.The full-year net profit reached BHD 1.6 million ($436 thousand), compared with BHD 1.09 million ($297 thousand) a year earlier.The company’s earnings from hotel …

Financial Results

27 January 2015 00:59 PM Gulf Hotels offers to buy Bahrain Tourism shares

The Gulf Hotels Group B.S.C. (GHG) has announced in a statement to Bahrain Bourse (BB) that it has submitted an initial and non-binding letter of intent to the board of directors of the Bahrain Tourism Company (BTC), dated January 25, 2015, …

Mergers and Acquisitions

27 August 2014 00:23 PM Major shareholder transaction on Bahrain Tourism Company

Bahrain Tourism Company has announced a transaction of total 5,268,260 shares valued at BD 1,106,334.600 of major shareholder took place, the company said in a bourse filling. The share was priced at BD0.210. …

Company News