Gulf Hotels Group (GHG)

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News

18 April 2019 02:24 PM Gulf Hotels’ profit drops 21% in Q1

Mubasher: Gulf Hotels Group reproted a 21% year-on-year decrease in net profits attributable to shareholders during the first quarter of 2019. The group’s profits amounted to BHD 2.29 million during Q1-19, down from BHD 2.89 million in Q1-18, …

Financial Results

16 April 2017 11:32 AM Bahrain’s tourism sector: A complete picture - 2017

Manama – Decypha: Bahrain had always been a place of interest for leisure and business tourists. This was evident in 1976 when British Airways decided that Concorde’s first commercial flight would go Bahrain. It was the first commercial supersonic …

Macroeconomics

16 February 2017 11:38 AM Gulf Hotels records KWD 3.78m profits in Q4

Mubasher: Gulf Hotels Group posted a growth of 168% in profits during the fourth quarter of 2016 as compared to the same period a year ago. Earnings grew to BHD 3.78 million ($9.9 million) in Q4-16 from BHD 1.41 million ($3.7 million) in Q4-15, …

Board of Directors

15 December 2016 01:13 PM Gulf Hotels Group appoints Garfield Jones as CEO

Mubasher: Gulf Hotels Group announced on Thursday that it has appointed Garfield Jones as chief executive officer for the company. Jones became group’s deputy CEO in 2007 after serving as director of operations for Gulf Hotels, according to a …

Board of Directors

27 October 2016 11:01 AM Gulf Hotels Q3 profits up 62%

Mubasher: Gulf Hotels Group’s profits for the third quarter of the fiscal year 2016 leapt by 62.3% to BHD 2.89 million ($7.6 million), versus BHD 1.78 million ($4.7 million) for Q3-15. Net profit for the first nine months of 2016 increased 58.7% …

Financial Results

7 August 2016 11:05 AM Gulf Hotels’ Q2 earnings up 132%

Mubasher: Gulf Hotels Group’s profits grew in the second quarter of the fiscal year 2016 by 131.7% to BHD 6.72 million ($17.69 million), versus BHD 2.9 million ($7.63 million) posted for Q2-15. Net profit also rose by 57.3% in the first half of …

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

14 April 2016 09:42 AM Bahrain’s Gulf Hotels posts lower profits in Q1

Mubasher: Gulf Hotels Group posted a decrease of 12.06% or about BHD 375,370 ($995,783) in profits for the first quarter in 2016 as compared to the same quarter in 2015, the company said in a statement. The Bahraini firm’s earnings declined by to …

Financial Results

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

15 March 2016 02:10 AM Gulf Hotels to pay cash dividends for FY15

Gulf Hotels Group has agreed on distributing 30% cash dividends or 30 fils per share for the fiscal year 2015, according to a bourse statement. Thus, the overall payment will reach BHD 5.208 million. Gulf Hotels said that the ex-dividend date of …

Corporate Actions

18 February 2016 09:05 AM Gulf Hotels Q4 earnings fall to BHD 1.4m

Mubasher: Gulf Hotels Group posted net earnings of BHD 1.41 million ($3.72 million) for the fourth quarter of 2015, down 22.2% year-on-year from BHD 1.8 million ($4.77 million). Full-year earnings also dropped 18.4% to BHD 9.2 million, compared …

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

3 December 2015 11:09 AM Gulf Hotels Group not to raise stake in Family Leisure

Mubasher: Gulf Hotels Group decided not to increase its stake in Bahrain Family Leisure, according to a bourse filing on Thursday. The group’s decision came after new changes happened in its project plans. Gulf Hotels announced its intentions to …

Mergers and Acquisitions

21 October 2015 09:09 AM Gulf Hotels 9M profits fall 17.7%

Mubasher: Gulf Hotels Group posted a drop of 17.7% to BHD 7.8 million in earnings for the first nine months ended 30 September as compared to BHD 9.47 million in the same period in 2014. During the third quarter, the Bahraini company posted a …

Financial Results

16 July 2015 10:34 AM Bahrain’s Gulf Hotels posts BHD 6m profits in H1

  Bahrain – Mubasher: Gulf Hotels reported a net profit of BHD 6.009 million for the first half of 2015, a surge of 20.60% from BHD 1.559 million in the same period in 2014, the company said in a filing to the Bahrain Bourse. Revenues for the …

Financial Results

4 June 2015 10:31 AM Bahrain’s Gulf Hotels to review financials mid-July

Gulf Hotels Group’s board of directors will meet on Wednesday, 15 July to consider the financial statements of the period ending 30 June, 2015.The Bahrain-listed company reported net profits worth BHD 3.112 million in the first quarter of 2015, …

Company News

16 April 2015 09:47 AM Gulf Hotels Q1 profits down 20.7%

Bahrain-Mubasher: Gulf Hotels Group reported a decrease of 20.7% in net profit at BHD 3.112 million for the first quarter of 2015, compared with BHD 3.927 million for the same period last year.The decline was due to low occupancy rate, increased …

Company News

1 April 2015 00:48 PM Gulf Hotels inks management deal with Asdal

Bahrain-Mubasher: Gulf Hotels Group has signed a management agreement with Asdal Hotel for the operation of a four-star deluxe hotel in Seef District, Bahrain.The hotel is currently under refurbishment and expected to be opened in September, the …

Company News

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

11 November 2014 08:39 AM GHG 9M net profit jumps 17.20%

Gulf Hotels Group (GHG) announced its financial statements yesterday, reporting a growth in total gross operating revenue by 6.26% or BHD 1.445 million to BHD 24.534 million in the nine-month period ending September 30, …

Corporate Actions

26 August 2014 11:07 AM Gulf Hotels Group to develop South Wing building

Gulf Hotels Group has signed an agreement with Kontra, a division of Mohammed Jalal and Sons, in order to develop South Wing building. The signing of the renovation agreement signalled the start of a 15-month …

Company News

12 August 2014 02:03 PM Gulf Hotels Group posts 28% increase in H1 profit

Gulf Hotels Group reported 28.29% rise in net profit at BD7.57 million for the first half ended June 30, compared with BD5.9m in the same period last year. The group achieved an increase of BD1.622m or 9.96% in …

Company News