Bader Group of Companies, has announced the acquisition of all the shares of Bahrain Development Bank (BDB) of the Gulf Membrane & Coating Industries, after a successful partnership that lasted around 20 years, in a total value of $500,000.
In this occasion, Fareed Bader, Chief Executive Officer and Chairman of the Board of Directors of the Bader Group of Companies, said” we are very glad to acquire all the BDB shares of the GMCI, I also would like to express my thanks to Mr. Nidal Al Awjan, the CEO of BDB, for his continuous support to GMCI since the day the companies were established and up to this date. In addition, I would like to express my gratitude to H.E. Shaikh Mohammed bin Essa Al-Khalifa, the chairman of BDB, and the major and vital role the Bank has been providing, as a development institution that promote entrepreneurship, innovation and develop the small and medium enterprises in the Kingdom of Bahrain, assist in the self employment of Bahrainis in achievement of their career oriented education goals through best quality financial & advisory services in alignment with the Economic Vision of the Kingdom.”
Worth mentioning, GMCI commenced commercial production in 1995, with a wide range of advanced technology products conforming to international quality and safety standards.
Within the initial period of two years, the company gained an excellent reputation in quality and service and strengthened its position in local and international markets.
At GMCI, we maintain quality standards that continually challenge the industry norms, which help us in providing our customers with a superior grade product and an unmatched performance.
GMCI products are manufactured to international standards and exported to 25 countries across GCC, Middle East, Africa, Asia and Far East countries.