Industry: Banking & Finance
Company: Esterad Investment Company
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
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
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
, meaning ‘Import’ in Arabic.