Bahrain-based hospitality group Gulf Hotels has announced plans to construct a five-star hotel at Business Bay in Dubai, which is due to open in 2017.
Gulf Hotels CEO and board member Aqeel Raees said the group had already acquire
Bahrain-based Gulf Hotels Group (GHG) has posted a 38 per cent increase in net profit at BD3.927 million ($10.41 million) for the first quarter this year when compared with BD2.851 million achieved in the same period last year.
Bahrain-based Gulf Hotels Group has announced a net profit of BD10.460 million ($27.6 million) for last year, the highest since the company's inception.
The results were announced at the company's board meeting yesterday w
Bahrain-based Gulf Hotels Group (GHG) has reported 5.6 per cent growth in net profit at BD8.076 million ($21 million) for the first nine months of the year, compared with BD7.6 million in the same period last year.
For the third q
Bahrain-based Gulf Hotels Group is planning to open a five-star BD50 million ($132 million) hotel in Dubai within four years, said its chief executive.
"This is a big step for us and it is very exciting for the group," A
Gulf Hotels Group's net profit increased three per cent to BD5.9 million ($15.62m) for the first half of the year, compared with BD5.73 million for the same period last year, a report said.
The group achieved gross operating r
Bahrain-based Gulf Hotels Group (GHG) has reported a net profit of BD2.851 million ($7.43 million) for the first three months of this year.
The profit is up slightly, by 0.19 per cent or BD5,460, when compared with BD2.845 million
Bahrain-based Gulf Hotels Group's shareholders yesterday approved a dividend payout of 35 per cent or 35 fils per share, totalling BD5.78 million ($15.25 million), for last year.
The annual general meeting held at the Gulf Hot
Gulf Hotels Group yesterday announced record net profit of BD10.106 million ($26.81 million) for last year, the highest results achieved by the group since its inception 45 years ago.
The group achieved a total gross operating rev