Announcement • Mar 12
Bahrain Duty Free Shop Complex BSC to Report Q1, 2026 Results on May 12, 2026 Bahrain Duty Free Shop Complex BSC announced that they will report Q1, 2026 results on May 12, 2026 Upcoming Dividend • Mar 08
Upcoming dividend of ب.د0.039 per share Eligible shareholders must have bought the stock before 15 March 2026. Payment date: 26 March 2026. Payout ratio is on the higher end at 99% but the company is not cash flow positive. Trailing yield: 8.9%. Within top quartile of Bahraini dividend payers (7.6%). Higher than average of industry peers (2.8%). Declared Dividend • Feb 14
Dividend increased to ب.د0.039 Dividend of ب.د0.039 is 11% higher than last year. Ex-date: 15th March 2026 Payment date: 26th March 2026 Dividend yield will be 8.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 9.8% to bring the payout ratio under control, which is less than the 23% EPS growth achieved over the last 5 years. Announcement • Feb 13
Bahrain Duty Free Shop Complex BSC announces Annual dividend, payable on March 26, 2026 Bahrain Duty Free Shop Complex BSC announced Annual dividend of BHD 0.0390 per share payable on March 26, 2026, ex-date on March 15, 2026 and record date on March 16, 2026. Buy Or Sell Opportunity • Jan 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to ب.د0.45. The fair value is estimated to be ب.د0.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 10%. Buy Or Sell Opportunity • Dec 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to ب.د0.46. The fair value is estimated to be ب.د0.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 10%. Announcement • Dec 01
Bahrain Duty Free Shop Complex BSC to Report Fiscal Year 2025 Results on Feb 11, 2026 Bahrain Duty Free Shop Complex BSC announced that they will report fiscal year 2025 results on Feb 11, 2026 Board Change • Oct 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman Abdulla Buhindi was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman Abdulla Buhindi was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman Abdulla Buhindi was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 15
Bahrain Duty Free Shop Complex BSC to Report Nine Months, 2025 Results on Nov 12, 2025 Bahrain Duty Free Shop Complex BSC announced that they will report nine months, 2025 results on Nov 12, 2025 Announcement • May 22
Bahrain Duty Free Shop Complex BSC to Report First Half, 2025 Results on Aug 12, 2025 Bahrain Duty Free Shop Complex BSC announced that they will report first half, 2025 results on Aug 12, 2025 Board Change • Apr 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman Abdulla Buhindi was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 17
Bahrain Duty Free Shop Complex BSC to Report Q1, 2025 Results on May 12, 2025 Bahrain Duty Free Shop Complex BSC announced that they will report Q1, 2025 results on May 12, 2025 Board Change • Mar 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman Abdulla Buhindi was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 13
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 99% The company is paying a dividend despite having no free cash flows. Dividend yield: 8.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. Announcement • Feb 11
Bahrain Duty Free Shop Complex BSC Recommends Dividends for the Year Ending 31 December 2024, Payable on 27 March 2025 The Board of Directors of Bahrain Duty Free Shop Complex (BSC), at its meeting held on 10 February 2025, recommended the distribution of dividend for the year ending 31 December 2024 to the shareholders whose names are registered on the company's register on the Record Date. This is subject to the approval of the company's shareholders on the upcoming Annual General Meeting on 12 March 2025. The proposed distribution is as follow: Cash Dividend: 35% of share nominal value, equivalent to 35 fils per share amounting to BHD 4,979,518. Ex-Dividend Date: 16 March 2025, Record Date: 17 March 2025 and Payment Date: 27 March 2025. Board Change • Feb 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman Abdulla Buhindi was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 16
Bahrain Duty Free Shop Complex BSC, Annual General Meeting, Mar 12, 2025 Bahrain Duty Free Shop Complex BSC, Annual General Meeting, Mar 12, 2025. Location: at downtown rotana hotel, manama., manama Bahrain Board Change • Jan 07
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman Abdulla Buhindi was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 13
Bahrain Duty Free Shop Complex BSC Announces Board Changes Bahrain Duty Free Shop Complex BSC announced Mrs. Amal Sayed Mustafa Mahlis has been appointed as a member of the Board of Directors of the Company until end of the cycle term of the current Board (March 2025), succeeding the late Mr. Abdulrahman Bin Mohammed Saif Jamsheer. Mrs. Amal Sayed Mustafa Mahlis was appointed based on the first reserve member in the company's last general assembly. Announcement • Sep 03
Bahrain Duty Free Shop Complex BSC to Report Nine Months, 2024 Results on Nov 10, 2024 Bahrain Duty Free Shop Complex BSC announced that they will report nine months, 2024 results on Nov 10, 2024 Announcement • Jun 26
Bahrain Duty Free Shop Complex BSC to Report First Half, 2024 Results on Aug 14, 2024 Bahrain Duty Free Shop Complex BSC announced that they will report first half, 2024 results on Aug 14, 2024 Declared Dividend • Mar 20
Dividend of ب.د0.03 announced Dividend of ب.د0.03 is the same as last year. Ex-date: 24th March 2024 Payment date: 4th April 2024 Dividend yield will be 5.0%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS has declined by 11% over the last 5 years so the company would need to reverse this trend. Announcement • Mar 14
Bahrain Duty Free Shop Complex BSC to Report Q1, 2024 Results on May 12, 2024 Bahrain Duty Free Shop Complex BSC announced that they will report Q1, 2024 results at 9:30 AM, Arabian Standard Time on May 12, 2024 Declared Dividend • Feb 23
Dividend of ب.د0.03 announced Dividend of ب.د0.03 is the same as last year. Ex-date: 24th March 2024 Payment date: 4th April 2024 Dividend yield will be 5.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 2.6% to bring the payout ratio under control. However, EPS has declined by 11% over the last 5 years so the company would need to reverse this trend. Announcement • Nov 21
Bahrain Duty Free Shop Complex BSC to Report Fiscal Year 2023 Results on Feb 20, 2024 Bahrain Duty Free Shop Complex BSC announced that they will report fiscal year 2023 results on Feb 20, 2024 New Risk • Nov 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 83% Last year net profit margin: 202% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 92% Paying a dividend despite having no free cash flows. Earnings have declined by 22% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (83% net profit margin). Announcement • Sep 04
Bahrain Duty Free Shop Complex BSC to Report Nine Months, 2023 Results on Nov 06, 2023 Bahrain Duty Free Shop Complex BSC announced that they will report nine months, 2023 results on Nov 06, 2023 Announcement • May 23
Bahrain Duty Free Shop Complex BSC to Report First Half, 2023 Results on Aug 07, 2023 Bahrain Duty Free Shop Complex BSC announced that they will report first half, 2023 results on Aug 07, 2023 Upcoming Dividend • Mar 09
Upcoming dividend of ب.د0.03 per share at 5.4% yield Eligible shareholders must have bought the stock before 16 March 2023. Payment date: 02 April 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.4%. Lower than top quartile of Bahraini dividend payers (6.8%). Higher than average of industry peers (2.4%). Announcement • Feb 18
Bahrain Duty Free Shop Complex BSC to Report Q1, 2023 Results on May 10, 2023 Bahrain Duty Free Shop Complex BSC announced that they will report Q1, 2023 results on May 10, 2023 Board Change • Feb 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Abdulla Ahmed Janahi was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Abdulla Ahmed Janahi was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Abdulla Ahmed Janahi was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 24
Bahrain Duty Free Shop Complex BSC to Report Fiscal Year 2022 Results on Feb 14, 2023 Bahrain Duty Free Shop Complex BSC announced that they will report fiscal year 2022 results on Feb 14, 2023 Board Change • Aug 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Abdulla Ahmed Janahi was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 23
Bahrain Duty Free Shop Complex BSC to Report Q3, 2022 Results on Nov 08, 2022 Bahrain Duty Free Shop Complex BSC announced that they will report Q3, 2022 results at 6:00 PM, Arabian Standard Time on Nov 08, 2022 Board Change • Jul 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Abdulla Ahmed Janahi was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 14
Bahrain Duty Free Shop Complex BSC to Report First Half, 2022 Results on Aug 09, 2022 Bahrain Duty Free Shop Complex BSC announced that they will report first half, 2022 results on Aug 09, 2022 Board Change • May 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Abdulla Ahmed Janahi was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 09
Upcoming dividend of ب.د0.03 per share Eligible shareholders must have bought the stock before 16 March 2022. Payment date: 31 March 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.1%. Lower than top quartile of Bahraini dividend payers (5.4%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ب.د0.015 (up from ب.د0.014 in FY 2020). Net income: ب.د2.14m (up 6.0% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Feb 16
Bahrain Duty Free Shop Complex BSC Recommends Full Year Cash Dividend for the Year Ended December 31, 2021, Payable on March 31, 2022 Bahrain Duty Free Shop Complex BSC recommended for the approval of Shareholders at the upcoming Annual General Meeting planned on March 14, 2022, a full year cash dividend of 30% of share nominal value, equivalent to 30 fils per share amounting to BD 4,268,158, based on the record date March 19, 2022 on which all shareholders whose names are on the share register will be entitled to dividends. Ex-Dividend Date is March 16, 2022, Record Date is March 17, 2022 and payment date is March 31, 2022. Board Change • Feb 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Abdulla Ahmed Janahi was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 08
Bahrain Duty Free Shop Complex BSC, Annual General Meeting, Mar 14, 2022 Bahrain Duty Free Shop Complex BSC, Annual General Meeting, Mar 14, 2022, at 11:00 Arabian Standard Time. Agenda: To consider Board of Directors Nomination. Board Change • Jan 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Abdulla Ahmed Janahi was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Abdulla Ahmed Janahi was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Abdulla Ahmed Janahi was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Abdulla Ahmed Janahi was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 18
Upcoming Dividend of ب.د0.025 Per Share Will be paid on the 11th of April to those who are registered shareholders by the 25th of March. The trailing yield of 4.0% is below the top quartile of Bahraini dividend payers (5.3%), but it is higher than industry peers (1.3%). Reported Earnings • Mar 02
Full year 2020 earnings released: EPS ب.د0.014 (vs ب.د0.053 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ب.د15.5m (down 59% from FY 2019). Net income: ب.د2.02m (down 73% from FY 2019). Profit margin: 13% (down from 20% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Third quarter 2020 earnings released: ب.د0.002 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ب.د2.09m (down 78% from 3Q 2019). Net loss: ب.د282.0k (down 114% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jul 17
Bahrain Duty Free Shop Complex BSC to Report Fiscal Year 2020 Results on May 10, 2020 Bahrain Duty Free Shop Complex BSC announced that they will report fiscal year 2020 results on May 10, 2020