Seef Properties

What Seef Properties does

Seef Properties B.S.C., founded in 1999 and listed on the Bahrain Bourse under the ticker SEEF, is a Bahraini integrated real estate developer and operator specializing in commercial, leisure, and recreational facilities. Its portfolio comprises three Seef Malls located in the Seef District, Muharraq, and Isa Town, the Al Liwan mixed-use development in Hamala, two Fraser Suites branded serviced apartment properties (Seef and Al Liwan), and a portfolio of entertainment venues including Magic Island indoor theme parks, the Jumpoline trampoline park, and the Hawa and Yabeela family entertainment centers. The company generates revenue primarily through retail and commercial space leasing across its mall portfolio, supplemented by hospitality income generated through the Fraser Suites arrangement and entertainment venue takings.

The company runs a B2B enterprise-leasing go-to-market, signing multi-year commercial lease agreements with international and local retail brands, hospitality operators, and entertainment providers. The customer base spans fashion (Kiabi, R&B, BBZ, Miniso), F&B (Starbucks, Caribou Coffee, Blaze Pizza, Fuddruckers, OXXO, SALT, Amorino, D'lish Café, The Orangery), supermarkets (Danube, AlHelli), banking (Bank of Bahrain and Kuwait, Al Salam Bank), and entertainment operators (EPIX Cinemas, Zero Latency VR). Pricing is quote-based and not publicly disclosed, with annual billing cycles for retail leasing, monthly cycles for hospitality, and transaction-fee models for entertainment. On the operating technology side, the portfolio is managed through Yardi's cloud-based real estate management platform, supplemented by the recently launched 'Sara' AI-powered WhatsApp assistant for customer engagement.

Headquartered in Manama with offices across the Seef District, Muharraq, Isa Town, and Hamala, Seef Properties serves a diversified base of B2B tenants, hospitality guests, and consumer shoppers, and has begun executing its first material regional expansion into Saudi Arabia through partnerships for a Dammam mixed-use project (with Majd Investment Company) and family entertainment centers (with AWJ Real Estate), alongside an active redevelopment of its flagship Seef Mall Seef District.

Name

Seef Properties

Legal name

Seef Properties B.S.C.

Website

https://seef.com.bh

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Seef Properties B.S.C. is a Bahrain-listed real estate developer operating three Seef Malls, the Al Liwan mixed-use development, Fraser Suites serviced apartments, and entertainment venues across Bahrain, serving retail tenants, hospitality guests, and leisure shoppers.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Management of Companies and Enterprises (55111), Amusement Parks and Arcades (7131)

SIC

Operators Of Nonresidential Buildings (6512), Services-Facilities Support Management Services (8744)

akta.pro industry

PRIMARYBPAJAGAO

Specialty & Entertainment Venue Property Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Commercial Property Management

Keywords

• Shopping mall operations
• Commercial real estate leasing
• Mixed-use development
• Hospitality serviced apartments
• Family entertainment venues

Headquarters

HQ city

Manama

HQ country

Bahrain

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Retail Space Rental: Primary revenue from leasing commercial retail space to tenants across three Seef Malls and Al Liwan mixed-use development. Revenue decreased by 9.65% to BD 11.05 million for nine months ended September 2025 from BD 12.24 million in same period 2024.
2. Hospitality Services: Revenue from Fraser Suites Seef Bahrain and Fraser Suites Al Liwan serviced apartments managed by Fraser Suites (global hospitality brand). Hospitality segment includes hotel operations and premium hospitality services.
3. Entertainment Operations: Revenue from Magic Island indoor theme park, Jumpoline trampoline park, and other entertainment centers (Hawa, Yabeela). Also includes cinema operations at Al Liwan.

Pricing tiers

Go-to-market motion1 record

Distribution channels9 records

Marketing channels7 records

Core offering

Seef Properties develops, owns, and manages an integrated portfolio of shopping malls, mixed-use developments, serviced apartments, and family entertainment venues across Bahrain. The company leases commercial retail space to local and international brands through three Seef Malls and the Al Liwan mixed-use project, operates Fraser Suites serviced apartments under a hospitality management partnership, and runs entertainment venues including Magic Island theme park, Jumpoline trampoline park, Hawa, and Yabeela.

Product overview

Seef Properties is a Bahraini real estate developer operating a portfolio of retail, hospitality, and entertainment properties. The core offering consists of three shopping malls (Seef Mall Seef District, Seef Mall Muharraq, and Seef Mall Isa Town) and the mixed-use Al Liwan development. Hospitality is served through Fraser Suites Seef and Fraser Suites Al Liwan. Entertainment includes Magic Island indoor theme parks, Jumpoline trampoline park, and entertainment centers Hawa and Yabeela. The company also manages retail leasing, tenant services, and property management operations across its portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• Seef Mall: Shopping malls operated by Seef Properties across Bahrain including Seef District, Muharraq, and Isa Town locations
• Fraser Suites Seef
• Al Liwan
• Magic Island
• Jumpoline
• Yabeela
• Hawa

Products and services

• Seef Mall Seef District Flagship shopping mall in Seef District, Manama, featuring 320 shops across 135,000 square feet, 55 restaurants and cafés, two cinema complexes with 16 theatres, Magic Island indoor theme park, and Fraser Suites serviced apartments. Targeted at retail shoppers, diners, and entertainment seekers.
• Seef Mall Muharraq Shopping and entertainment destination serving residents of Muharraq as part of Seef Properties' retail portfolio. Targeted at Muharraq residents and shoppers seeking retail and entertainment.
• Seef Mall Isa Town Shopping mall in Isa Town featuring 114 stores including local and international brands, telecommunications, restaurants, and the Jumpoline trampoline park. Targeted at Isa Town community residents.
• Al Liwan Mixed-use development project in Hamala, Northern Governorate, featuring 136 retail stores and restaurants, entertainment options, residential units, garden plaza, Fraser Suites Al Liwan, and cinema. Targeted at visitors from within and outside Bahrain.
• Fraser Suites Seef Bahrain Award-winning luxury serviced apartments located within Seef Mall Seef District, managed by Fraser Suites (global hospitality brand), offering premium hotel services. Targeted at business travelers and tourists visiting Bahrain.
• Fraser Suites Al Liwan Serviced apartments managed by Fraser Suites at the Al Liwan mixed-use development, providing hospitality services within the project. Targeted at guests and tourists visiting the Hamala area.
• Magic Island Indoor theme park located within Seef Mall Seef District and Seef Mall Muharraq, providing family entertainment. Targeted at families and children visiting the malls.
• Jumpoline Largest trampoline park in Bahrain, located in Seef Mall Isa Town, providing recreational entertainment services. Targeted at families, children, and active entertainment seekers.
• Hawa Entertainment destination managed by Seef Properties' Seef Entertainment division. Targeted at families and entertainment seekers visiting Seef malls.
• Yabeela Family entertainment center operated by Seef Entertainment, winner of the Best Family Entertainment Centre award at the 2026 MENALAC Awards. Targeted at families seeking entertainment experiences in Bahrain.

Quantifiable outcome

• Net profit BD 5.94 million for FY 2025
• +3 more outcomes

Named customers21 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability2 records

Feature2 records

Partnerships

17 partnerships are on record, tiered core, minor and flagship.

• Mohammed Jalal ContractingcoreImplementation/ SI/ Consulting Partner · 23 June 2026Construction partner appointed to execute main construction works for Seef Mall Seef District redevelopment project. Contractor responsible for comprehensive development including external enhancements, internal upgrades, infrastructure improvements, and parking expansion.
• D'lish CaféminorChannel Partner/ Reseller/ Distributor · 21 December 2025Lease agreement for UAE-based premium artisanal dessert brand to open first Bahrain branch at Al Liwan in Hamala. D'lish Café expanding regionally with second location outside UAE.
• Zero Latency VRcoreStrategic or Co-development Partner · 10 December 2025Strategic partnership with global VR company for virtual reality entertainment experiences. Zero Latency VR is leading VR entertainment provider. Partnership brings immersive gaming technology to Seef Properties entertainment venues.
• EPIX CinemascoreChannel Partner/ Reseller/ Distributor · 3 December 2025Strategic partnership agreement for EPIX Cinemas to operate Al Liwan Cinema. Seef Properties preparing cinema for opening as part of Al Liwan entertainment offerings. Partnership brings premium cinema experience to mixed-use development.
• INJAZ BahrainminorGTM or Marketing Partner · 9 November 2025CSR partnership supporting youth empowerment and entrepreneurship. Seef Properties contributed to INJAZ Bahrain headquarters inauguration. Partnership reflects company's commitment to national initiatives and youth development.
• Harvard Business SchoolcoreImplementation/ SI/ Consulting Partner · 12 October 2025Specialized training programs for Bahraini workforce development. Programs focus on leadership, management, innovation skills, and international standards. Initiative aims to enhance operational efficiency and contribute to Bahrain's economic growth.
• AWJ Real EstateflagshipStrategic or Co-development Partner · 17 September 2025MoU signed for development, operation, and management of family entertainment centers in Saudi Arabia. Strategic partnership for regional expansion into Saudi market. Seef Properties leveraging its entertainment expertise for cross-border growth.
• Majd Investment CompanyflagshipStrategic or Co-development Partner · 4 August 2025Partnership for mixed-use real estate project in Dammam, Saudi Arabia. Seef Properties announced start of design phase for the project. Represents company's first major international development outside Bahrain.
• Electricity and Water Authority (EWA)minorGTM or Marketing Partner · 8 July 2025Agreement to join national KAFA'A Program, Bahrain's sustainability initiative. Participation in government program supporting environmental and energy efficiency objectives.
• Nadher MediaminorGTM or Marketing Partner · 6 April 2025Content and technology company specializing in advertising solutions. Strategic agreement for media and advertising services supporting marketing initiatives.
• Savur RewardsminorGTM or Marketing Partner · 10 February 2025Loyalty and rewards platform partnership offering exclusive deals and discounts to consumers at Seef Mall Seef District. Strategic partnership to enhance customer engagement and drive foot traffic.
• Yellow Door EnergycoreStrategic or Co-development Partner · 2 October 2024Solar power partnership with 9.2 MWp capacity agreement to bring solar power to four shopping malls. Yellow Door Energy developing and operating solar installations. First solar plant launched at Seef Mall Isa Town (8,920 kilowatts, 15,000+ panels). Project part of clean energy strategy to power all destinations with renewable electricity.
• Almoayyed Solar EnergycoreStrategic or Co-development Partner · 2 October 2024Solar energy partnership for renewable power project at Seef Mall Isa Town, involving over 15,000 solar panels with capacity up to 8,920 kilowatts. Partnership aims to generate substantial renewable electricity and improve operational efficiency.
• Export BahrainminorGTM or Marketing Partner · 11 July 2024Collaboration on 'Mahali' initiative at Seef Mall to empower SMEs. Joint initiative supporting small and medium enterprises with retail opportunities.
• YardicoreTechnology or Integration · 6 November 2023Multi-year cloud platform implementation for digital transformation. Yardi provides real estate cloud technology for asset management and operational development. First year results showed unified operational and financial data, faster decision-making, enhanced tenant experience, and improved service quality across portfolio. Companies committed to expanding platform adoption and deepening collaboration for medium- and long-term expansion.
• Diyar Al MuharraqminorChannel Partner/ Reseller/ Distributor · 4 July 2021Agreement to manage Souq Al Baraha retail development. Seef Properties providing property management services for Diyar Al Muharraq project.
• Fraser SuitescoreChannel Partner/ Reseller/ DistributorGlobal hospitality brand managing Fraser Suites Seef Bahrain and Fraser Suites Al Liwan serviced apartments. Franchise/management partnership for premium hotel operations within Seef Properties developments.

Scale indicators11 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Majid Al Futtaim: UAE-based integrated mall operator, developer, and retail/leisure franchise holder (Mall of the Emirates, City Centre malls across the GCC). Closest direct peer to Seef as a shopping-mall-led, entertainment-anchored mixed-use developer in the GCC.
• Emaar Malls: Mall-operating subsidiary of Emaar Properties running The Dubai Mall and other UAE flagship destinations. Comparable business model of operating large-scale destination malls with retail, entertainment and hospitality components.

Broad incumbents

• Aldar Properties: Abu Dhabi-listed real-estate developer and asset manager with mixed-use retail, residential and hospitality projects. Broader incumbent with overlapping commercial/mixed-use development activity in the same GCC region.
• Dar Al Arkan Real Estate Development: Saudi Arabia's largest listed real-estate developer with mixed-use and commercial projects nationwide. Provides a benchmark and competitive context for Seef's planned Saudi expansion into Dammam.
• Kuwait Projects Company (KIPCO): GCC diversified holding company with material investments in real-estate development and asset management. Provides a regional holding-company comparable for Seef's diversified Bahraini portfolio.

Regional players

• Diyar Al Muharraq: Bahraini master-planned city developer whose Souq Al Baraha is managed by Seef Properties. Comparable Bahrain-based mixed-use developer and a Seef partner/competitor within the same domestic market.
• Edamah (Bahrain Real Estate Investment): State-owned Bahraini real-estate investment company developing and managing commercial and mixed-use assets domestically. Closest domestic Bahraini peer to Seef in terms of asset class and geography.
• National Real Estate Company (NREC): Kuwait-listed real-estate developer with mixed-use, retail and hospitality projects across the GCC. Comparable mixed-use developer in a neighbouring GCC market.

Others

• GFH Financial Group: Bahrain-based investment group with real-estate development and asset management activities across the GCC. Comparable scale, listed Bahrain entity, and overlapping commercial/mixed-use real-estate exposure.
• Fraser Hospitality: Global serviced-apartment and hospitality operator already partnered with Seef as the operating brand for Fraser Suites Seef and Fraser Suites Al Liwan. Relevant adjacent comparable for the hospitality/revenue-management arm of Seef's business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/seefproperties
• Instagraminstagram.com/seefproperties
• Xx.com/Seef_Properties

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Seef Properties