Bahrain Duty Free congratulates the winner of the Volvo XC60 - Mr. Alphonso Machado "Indian" ticket number 710
Pictured above (left to right) Mr. Sujat Ameen (Business Support Manager), Mr. Bassam Al Wardi (Deputy General Manager ), Mr. Alphonso Machado (Winner), Mr. Fadi Allam (General Manager), Mr. Hisham Al Saloom (Deputy Head Of Operation ).
Bahrain Duty Free congratulates the winner of the BMW 520 - Mr. Pulickan Joisan "Indian" ticket number 462
Pictured above (left to right) Mr. Sujat Ameen (Business Support Manager), Mr. Bassam Al Wardi (Deputy General Manager ), Mr. Pulickan Joisan (Winner), Mr. Fadi Allam (General Manager), Mr. Hisham Al Saloom (Deputy Head Of Operation ).
Bahrain Duty Free congratulates the winner of the Infiniti G25 - Mr. Hasan Ebrahim "Bahraini" ticket number 2221
Pictured above (left to right) Mr. Sujat Ameen (Business Support Manager), Mr. Bassam Al Wardi (Deputy General Manager ), Mr. Hasan Ebrahim (Winner), Mr. Fadi Allam (General Manager), Mr. Hisham Al Saloom (Deputy Head Of Operation ).
Bahrain Duty Free congratulates the winner of the Volvo XC60 - Mr. Sam Mushregi "American" ticket number 2853
Pictured above (left to right) Mr. Sujat Ameen (Business Support Manager), Mr. Bassam Al Wardi (Deputy General Manager ), Mr. Sam Mushregi (Winner), Mr. Fadi Allam (General Manager), Mr. Hisham Al Saloom (Deputy Head Of Operation ), Ms. Deirdre Spillane (Head of Purchasing).
Bahrain Duty Free congratulates the winner of the BMW 520 - Mr. Rashed Al-Zayani "Bahraini" ticket number 1030
Pictured above (left to right) Mr. Sujat Ameen (Business Support Manager), Mr. Bassam Al Wardi (Deputy General Manager ), Mr. Rashed Al-Zayani (Winner), Mr. Fadi Allam (General Manager), Mr. Hisham Al Saloom (Deputy Head Of Operation ), Ms. Deirdre Spillane (Head of Purchasing).
Bahrain Duty Free is proud to announce the winners of the Magnificent 10 Car Draw 286 which took place on May 13th 2015 at Bahrain International Airport. The lucky winners are:
1. VOLVO XC60 car winner – Mr. Alphonso Machado (Indian) ticket number 710
2. VOLVO XC60 car winner – Mr. Mohammed Alhamidi (Saudi) ticket number 2755
3. VOLVO XC60 car winner – Mr. Sam Wingote Mushreqi (American) ticket number 2853
4. INFINITI G25 car winner – Mr. Hasan Khalil Ebrahim (Bahraini) ticket number 2221
5. INFINITI G25 car winner – Mr. Ashok Kumar Chadha (Indian) ticket number 2228
6. BMW 520 car winner – Mr. Pulickan Ittichan Joisan (Indian) ticket number 462
7. BMW 520 car winner – Mr. Rashed Abdullatif Al-Zayani (Bahraini) ticket number 1030
8. BMW 520 car winner – Mr. Yusuf A.Rasool (Bahraini) ticket number 444
9. LEXUS ES350 car winner – Mr. Rufo Pullan (Filipino) ticket number 1681
10. LEXUS ES350 car winner – Mr. Manoj A.Patel (Indian) ticket number 35
Pictured above at the draw are (left to right) Mr. Hassan Ali Hassan Ali (Sales Assistant), Mr. Fadi Allam (General Manager), Mr. Helal Al Saadoon ( BAC - Terminal Operations Manager), Mr. Mohammed Thamir (BAC-Chief Airport Operating Officer), Bassam Al Wardi (Deputy General Manager ), Ms. Louann Bautista (Passenger - who drew the winning tickets), Ms. Deirdre Spillane (Head of Purchasing), Mr. Dominic Carroll (Head of Finance), Domnick O’Reilly (Head Of Operations), Shibu Abraham ( Senior IT Manager), Ms.Enas Sameer (Sales Assistant).
We would like to congratulate all winners on their win, and thank all participants for their support in this draw.
Manama, Kingdom Of Bahrain; Bahrain Duty Free Shop Complex (BDFSC) on Tuesday May 12th announced its financial results for the first quarter of 2015. The Group posted a net profit of BD 2,330,375 representing a 28.5% growth in the quarter up from BD 1,812,966 last year. Basic earnings per share increased by 30.1% from 15.3fils to 19.3fils per share.
The financial results for 2015 show a slight decline in shareholder equity from BD 44,740,315 to BD 44,043,954 (December year-end) due mainly to a dividend distribution in the quarter.
The Group reported Gross Revenues of BD 6,591,241 (BD 6,411,673 in 2014) achieving a 2.8% growth. Investment income for the quarter performed well with an income of BD 1,218,535 compared BD 714,731 in the same quarter last year. This 70.5% increase includes a capital gain of BD489,703 on the disposal of an Investment Property. The investment portfolio grew 3.3% in the quarter and now stands at BD 29,833,211.
Commenting on the results, the Managing Director Mr. Abdulla Buhindi said that the Company had produced another solid performance in the first quarter of 2015 on the back of strong passenger growth, an improved selection of goods as well as active marketing campaigns and good customer service. He went on to say that our overall profitability remains strong and we hope to build on this momentum in the coming quarters this year.
To mark the running of the 11th Formula 1 race in Bahrain on April 19th, Bahrain Duty Free partnered with MasterCard for a month long promotional campaign which will reward all customers shopping and paying using their MasterCard credit card with a shopping voucher with a value of up to 15% of their purchase value. The promotion is running for the month of April; in all of its duty free outlets at Bahrain International Airport.
Bahrain Duty Free Deputy General Manager, Bassam Al Wardi commented on the initiative by highlighting that the company are delighted to once again partner with MasterCard with this initiative; particularly given the importance of the Formula 1 event within the Kingdom of Bahrain. The race is the highest profile event to take place in Bahrain each year; with in excess of 4,000 visitors coming to Bahrain in the run up to the race; and it gives us as a company an opportunity to ensure that they not only receive the best possible service, but also an amazing promotional offering.
Girish Nanda, Area Head - Saudi Arabia, Bahrain and Yemen, MasterCard commented: “We are delighted to partner with Bahrain Duty Free and to provide MasterCard credit cardholders with a rewarding experience as they arrive to witness one of the most exciting sporting events in the region. MasterCard credit cards enable customers to make fast, convenient and secure purchases using a range of innovative payment solutions anytime and anywhere.”
The results of the campaign speak for themselves; as after the first 20 days of the campaign sales using MasterCard in excess of 50 Bahraini Dinars increased by in excess of 128%.
The campaign runs until April 30th.
Awards 50% cash dividend to Shareholders & a Bonus Share issue of 10%
The annual general meeting (AGM) and extraordinary general meeting (EGM) of Bahrain Duty Free Shop Complex was held on Monday March 9 2015 and chaired by Chairman Mr. Farouk Yousuf Almoayyed.
In the meeting, Mr. Almoayyed announced that the Company had achieved a net profit of BHD 8,557,679 for 2014 recording a growth of BHD 2,109,794 or 32.7% compared to prior year. Earnings per share increased to 80fils from 59fils per share. Almoayyed added that based on the results, the shareholders approved during the AGM, the distribution of a cash dividend of BHD 5,344,551 (50fils per share), the allocation of BHD168,000 for Director Fees, and a transfer to the Charity Reserve account of BHD 171,094.
During the EGM, the shareholders approved the increase in the issued and authorized Share Capital from BHD10,689,102 to BHD 11,758,012.
Mr. Almoayyed explained that the Company’s strategy in the variety and quality of goods and the focus on marketing campaigns as well as customer service were all instrumental in increasing sales by 7.8% for 2014 with total sales of BHD 28,079,807 recorded. He went on to say that investment earnings surpassed expectations by recording BHD3,745,910 in 2014, a jump of 75.8% on a year earlier. The Investment Portfolio increased by 15.5% and now stands at BHD 28.9 million.
Mr. Almoayyed explained that 2014 was full of accomplishments where Bahrain International Airport witnessed a 10.4% increase in passengers. He added that Bahrain Duty Free had completed many shop refurbishments during 2014, including the Arrivals shop and the opening of a new fashion shop featuring many new International brands. Almoayyed stressed that the ongoing initiatives taken by the Company to renew its stores had a positive impact in enriching the shopping experience for travelers passing through the Airport. At the same time, he praised the global accomplishment of Bahrain Duty Free and Bahrain International Airport which culminated in the successful partnership to win the Frontier award for best marketing campaign by a Retailer/Airport for 2014 announced during the global duty free conference in October 2014 at Cannes, France.
Bahrain Duty Free announced its sponsorship of the ITF Future Tennis Tournament, it is set to take a place from the 23rd of March until the 4th of April 2015, to be held at the Bahrain Tennis Club Court in Juffair. The Two week tournament is held under the patronage of HH Shaikh Nasser Bin Hamad Al Khalifa, President of the Supreme Council of Youth & Sports and Bahrain Olympic Committee.
Mr. Bassam Al Wardi, Deputy General Manager at Bahrain Duty Free commented “ Bahrain Duty Free is delighted to continue its support of this well respected international sporting tournament. During the past few years, Bahrain branded itself as a regional destination for sports, cultural and economical events. We remain committed towards such initiatives that support the development of the Kingdom and wish all the players the best of luck”
On this Occasion, Mr. Khamis Al Muqla thanked Bahrain Duty Free for this support and generous gesture, he expressed his wish that it would continue in the future tournaments