First published: 07-Apr-2026 14:35:38

Shaimaa Hefzy

Bahrain Family Entertainment Company, listed on the Bahrain Stock Exchange, intends to increase its capital by issuing new shares to Dividend Gate Capital as a strategic investor, a move within a possible merger deal, according to the company's statement to the stock exchange on Monday.

Travel Hospitality Holdings, a subsidiary of Dividend Gate Capital, signed a conditional binding agreement with Bahrain Family Entertainment Company at the end of 2024 regarding the proposed merger between the two companies.

More details

The Bahrain Family Entertainment Company has been operating in the entertainment sector in Bahrain since the 1990s, and manages franchised restaurants in Bahrain under the names "Benigans", "Cucina Italiana" and "Kazba" Catering.

Dividend Gate Capital is a private equity firm, established in 2017 and headquartered in Bahrain, focusing on specific sectors including healthcare, hospitality, and real estate. It is the parent company of Travel Hospitality, which operates in the food and beverage sector.

According to a statement released on Monday, the extraordinary general assembly of Bahrain Family Entertainment Company approved the board of directors' recommendation to increase capital from 1 million Bahraini dinars ($2.7 million) to 2.38 million dinars by issuing 13.8 million new shares to Dividend Gate Capital.

Under the potential merger deal, Dividend Gate Capital would own a 58% stake in Bahrain Family Entertainment Company, according to the statement.

The issuance of new shares is subject to the approval of the Central Bank of Bahrain.

(Prepared by: Shaimaa Hefzy, Edited by: Omnia Assem, Contact: zawya.arabic@lseg.com)

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