Annual Report 2022
Unlocking New possibilities
PB ---- A
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.