Wed 23 Sep 2009 09:47 AM
Nooruddin A Nooruddin
45

Nooruddin A Nooruddin

Industry: Banking & Finance

Company: Esterad Investment Company

Designation: Chairman

Country: Bahrain

Occupation: Chairman

Esterad Investment Co

was established in 1973 as the National Imports and Exports Company, a publicly listed trading company with concessions from the Government of Bahrain to trade in basic commodities such as cement, sugar and rice.

Over the years
Esterad

invested its retained earnings in a variety of asset classes in order to diversify its income and to raise shareholder value. As invested capital grew, the generated profits eventually exceeded income from trading and this has been a feature of the company over the last decade of operations.

In late 2003, the shareholders of
Esterad

approved the change of the company's name to
Esterad Investment Co

, reflecting its transition to a fully fledged diversified investment company. The new name encompasses the traditional name used by the market to identify the company of
Esterad

, meaning ‘Import’ in Arabic.