Mabanee says Avenues-Bahrain project delayed on design changes

Mabanee Company said that the execution of Avenues-Bahrain project has been delayed due to changes in the project’s designs, according to a Thursday filing. It noted that no further investments were added by the subsidiary Mabanee-Bahrain. Mabanee, which is listed in Kuwait, earlier noted that it has launched a 35%-owned subsidiary with a capital worth BHD 500,000. It added that the new company would build a commercial real estate project in Bahrain with a total cost of about BHD 33 million.

14 Jan 2016