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Gulf Hotels Group B.S.C (Bahrain)

Main Activities: Hotels (except Casino Hotels) and Motels
Secondary Activities: Caterers
Full name: Gulf Hotels Group B.S.C Profile Updated: March 11, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Gulf Hotels Group B.S.C is a public limited liability company quoted on the Bahrain Stock Exchange. It was incorporated in 1967 under the name of Bahrain Hotels Company. The Group Chairman is Mr. Farouk Yousuf Almoayyed, and the current Board of Directors includes distinguished and influential businessmen of Bahrain. The company's vision since its inception has been to provide unrivaled hospitality on the island. This vision was realized with the opening of Bahrain's first five-star property, the Gulf Hotel. Over the years, the Gulf Hotel has undergone significant expansion and upgrades to meet modern-day demands. In 1975, the company acquired the beverage distribution company "Vinsales," which later became Gulf Cellar and was recently rebranded as Gulf Brands International. To cater to the international MICE (Meetings, Incentives, Conferences, and Exhibitions) market, the company added the state-of-the-art Gulf Convention Centre in 1997, located adjacent to the Gulf Hotel. In 2004, the company expanded outside Bahrain with the opening of the Ocean Paradise Resort in Zanzibar. In 2006, the Gulf Executive Residence, offering 97 luxury apartment suites, was opened to further diversify the company's portfolio. The Group's third property, the K Hotel in Bahrain, opened in 2011 and quickly established itself as the leading four-star hotel in the Kingdom. This solidified Gulf Hotels Group's reputation for effectively managing a broad portfolio of hospitality-related businesses. In 2010, the company acquired a major shareholding in restaurant operator Bahrain Family Leisure Company. In 2015, the group opened the Asdal Gulf Inn, a four-star boutique hotel managed by GHG on behalf of GCC-based owners. In 2016, the company began construction on the Gulf Executive Residence Juffair, a luxury apartment facility with 109 units, set to open in 2018. Additionally, the company acquired ownership of Bahrain Tourism Company, which owns the Crown Plaza Hotel Bahrain and is a major shareholder of African and Eastern Bahrain.

Headquarters
Building No.11, Street No. 3801, Area No. 338, P.O Box 580
Manama; Manama;

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Website: http://www.gulfhotelsgroup.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1967
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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12.56%
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10.81%
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6.33%
Subsidiaries
Bahrain Tourism Company-Crowne Plaza Hotel
Ghg Colombo (Private) Limited
Gulf Court Hotel Business Bay (United Arab Emirates)
Company Performance
Financial values in the chart are available after Gulf Hotels Group B.S.C report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BHD. Absolute financial data is included in the purchased report.
Net sales revenue
8.14%
Total operating revenue
9.7%
Operating profit (EBIT)
9.86%
EBITDA
1.4%
Net Profit (Loss) for the Period
18.53%
Total assets
-3.11%
Total equity
0.56%
Operating Profit Margin (ROS)
0.27%
Net Profit Margin
1.8%
Return on Equity (ROE)
0.72%
Quick Ratio
-0.18%
Cash Ratio
0.54%

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