Securities & Investment Company (SICO) has released a detailed report initiating coverage on Seef properties , the only listed Real Estate company on the Bahrain Stock Exchange (BSE), with an “Over-weight” rating and a target price of BD0.235 presenting an 18% upside to its current market price. Seef Properties was listed on the Bahraini bourse during July 2007 following a successful IPO and has already returned strong gains in excess of 80% to retail investors in less than a year. Seef has also become one of the actively traded stocks in BSE with more than 0.3 mn shares changing hands on average.

Tthe full press release in English & Arabic can be downloaded here.