Annual Report 2022

Unlocking New possibilities

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CONTENTS

01

Strategic Report

02

Overview

04

08

14

20

22

Financial Highlights Chairman's Report Board of Directors CEO Message Executive Team

02

Corporate Governance

28 Corporate Governance Report

03

Financial Statements

  • 50 Chairman's Statements

  • 52 Independent Auditors' Report to the Shareholders

  • 56 Consolidated Statement of Financial Position

  • 57 Consolidated Statement of Profit or Loss

  • 58 Consolidated Statement of Comprehensive Income

  • 59 Consolidated Statement of Changes in Equity

  • 60 Consolidated Statement of Cash Flows

  • 61 Notes to the Consolidated Financial Statements

His Majesty

His Royal Highness

King Hamad bin Isa

Prince Salman bin Hamad

Al Khalifa

Al Khalifa

The King of the Kingdom

Crown Prince and Prime

of Bahrain

Minister of the Kingdom of

Bahrain

Section 1

Overview

CORPORATE

OVERVIEW

Esterad 2022 Annual Report

Esterad Investment Company BSC ("Esterad"), is one of the oldest, and a leading investment firm in the Kingdom of Bahrain. Established in 1973 and listed on the Bahrain Stock Exchange, Esterad has pioneered the setting of key national projects and industries and has a long and proven track record of secure investments in a variety of assets, regionally and internationally. These include Saudi Cement Co, now the largest cement production company in the Kingdom of Saudi Arabia; Balexco, the first privatisation by the Government of Bahrain; and the Bahrain Livestock Firm, amongst many other notable investments.

Esterad investment divisions include Real Estate, Private Equity and Public Market investments. The company invests proprietary capital across a broad spectrum of real estate investments in lucrative locations and sought-after destinations. The company also leverages extensive experience and expertise in multi sector private equity, investing in diversified industries including Cement, Aluminum, Retail, Infrastructure and Technology across the GCC. Esterad's Public Instruments division invests capital in both equities and fixed income securities in Bahrain, regionally and internationally.

With an ambition rooted in transformative investments in Bahrain and beyond, Esterad's world class management team select investments based on stringent risk parameters, and the value it will add to both shareholders, and the economies and societies in which we operate and serve.

Next Level

Healthcare Education Real Estate Technology Services Investments

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Disclaimer

Esterad Investment Company BSC published this content on 26 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2023 07:17:04 UTC.