Bahrain Commercial Facilities Company recorded a 27.7 percent growth in earnings last year reaching 4.8 million Bahraini dinars ($12 million). Operating income increased by 22.9 percent to BD 8.6 million in 2002 and operating expenses increased by only 14.9 percent.
Established in 1983, BCFC is a finance company specializing in car, mortgage and personal loans to the Bahraini residents. Known as Bahraini Credit, the company owns the National Motor Company (NMC), Tasheelat Insurance Services Company (TISCO) and Tasheelat Real Estate Services Company. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
