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Nass Corporation
Nass Corporation
Nass Corporation
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Nass Corporation B.S.C. is a Bahraini public joint-stock company established and listed on the Bahrain Stock Exchange since the year 2005. The paid-up capital is currently BHD 22 million.[1]

Key Information

Nass Corporation has worked on many of Bahrain's major projects, and the company's corporate headquarters are in the Kingdom of Bahrain, with operations in Saudi Arabia and the United Arab Emirates.

Divisions and subsidiaries

[edit]

Nass Corporation consists of Seven Divisions and Five Subsidiaries (three wholly owned and two partly owned).

Nass Industrial Services (NIS)

One of the emerging Engineering, Procurement and Construction (EPC) company in the Persian Gulf region through strategic technology and engineering tie-ups. The division is engaged in EPC of Packaged Unit, General Plant Construction, Heavy Engineering & Process Equipment manufacturing, Operation & Maintenance, Refractory & Insulation, Industrial Painting projects in the Kingdom as well as in other GCC Countries. NIS was registered in 1978.www.nasscorporation.com,[2][3]

Nass Scafform Contracting

One of the leading scaffolding and formworks companies in the Persian Gulf region, concentrating mainly on the energy and petrochemical sector, the company has undertaken many projects for international and regional clients. It has offices in Bahrain, Saudi Arabia and Qatar.[4]

Nass Sand Processing Plant (NSPP)

NSPP was formed in 1977 to supply washed building sand to Bahrain's construction industry. Currently, NSPP has a production capacity of over 2,000 tons per day.

Nass Commercial Services

Nass Commercial started operations in the early 1960s as a support function for the Nass Group. In 1986, Nass Commercial Services became a separate division. The division represents several international manufacturers and provides sales, distribution, spare parts, and service facilities to the company and other entities outside the company. The main brands are: Schwing, Stetter, ESAB, Hangcha, and Nass Commercial.[5]

Nass Ice Plant

Nass Ice Plant owns a reverse osmosis plant with a capacity to produce over 200,000 gallons of sweet water each day and two ice plants with a production capacity of about 85 tons of ice per day, for use by industrial establishments, hotels, restaurants, and supermarkets.

Nass Foods

Established in the year 1982 as an independent trading division of Nass Group. The division operates on multi levels as an importer, wholesaler, retailer, supplier to retail markets, franchisers and caterers both frozen and dry food products. It handles a whole range of items including frozen and chilled beef, lamb, poultry, fish, rice, oil, dairy products, spices, pulses and lentils imported from USA, New Zealand, Europe, Brazil, Australia, Singapore, Pakistan and India.

Nass Dredging Company

Established in 2017, NDC is renowned as the first wholly owned Bahraini Dredging Company, specialized in Offshore Reclamation, Dredging Marine Sand, Renting of Barges, Tug boats or ships, Quarrying of stone, sand/clay, etc.. The company owns and operates from two fully equipped jetties, Vessel Al Qadisiya operates from a 14,500m2 facility in Hidd and Vessel - NDC Aqua operates from a 5,200m2 facility in RasZuwaid. The jetties are compliant with all Ministerial and HSE requirements and managed in line with International Maritime Organisation.

Wholly owned subsidiaries

[edit]
Nass Contracting Co. W.L.L.

The company was registered with the Ministry of Commerce, Kingdom of Bahrain in 1986, and over the years has undertaken numerous projects of national importance for both public and private sector. The scope of activities includes civil engineering works for commercial and residential buildings, construction of industrial plants, sewerage system, drainage schemes and pipelines, land reclamation and off-shore works such as piling, jetty construction and dredging.

Nass Contracting Co. W.L.L. consists of the following three divisions:

  1. Nass Asphalt
  2. Nass Landscapes
  3. Nass Plumbing
Nass Electrical Contracting Co. W.L.L.

Established in 1981, the company is registered as Class 1 License holder with Bahrain's Electricity Directorate. A comprehensive service is provided from design and supply to installation and commissioning, for a wide variety of electrical and instrumentation contracting with the primary focus on energy and construction sectors.

Partly owned subsidiaries

[edit]
Delmon Ready Mixed Concrete and Products Co. W.L.L. (DRMC)

Established in 1973 by Abdulla Ahmed Nass as Bahrain's first producer of concrete. As the leading Readymix concrete company in Bahrain, Delmon has played a major part in the construction of modern Bahrain with well over 7 million cubic meters of quality concrete produced to date. This company operates nine batching plants with the combined capacity to produce around 800 cubic meters of concrete per hour.

Delmon Precast Co. W.L.L. (DPC)

Established in 1984 as a separate company within the Nass Group. Delmon Precast has built a special niche for itself in the Bahrain precast market and become a major manufacturer of high-quality custom-made products for Civil Engineering and building applications. The company's extensive range of products include decorative architectural panels in precast concrete and GRC, heavy-duty reinforced concrete products, pre-stressed long span double T units, bridge beams, hollow core slabs, reinforced concrete pipes, precast walls, septic tanks, precast cladding panels, manholes, foundation bases and various small products such as kerbs and paving slabs.

References

[edit]
[edit]
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Nass Corporation

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Nass Corporation BSC is a Bahrain-based listed on the from 2005, with trading suspended since July 2025 pending voluntary delisting approved by shareholders in August 2025 and conditionally by the Central Bank of Bahrain in September 2025, specializing in , mechanical and electrical contracting, , and manpower supply through its divisions, subsidiaries, and joint ventures. With roots tracing back to 1963 through its flagship entity Nass Contracting, the company forms a core part of the broader NASS Group, a diversified industrial conglomerate headquartered in , , that delivers integrated construction and engineering solutions across the Gulf region. Operating primarily in the oil & gas, power plant, and sectors, Nass Corporation provides services ranging from mechanical EPC contracting and road to production, , and landscape services, serving both local Gulf enterprises and global clients. Key divisions include Nass Contracting for general and Nass Industrial Services (NMC) for specialized mechanical and electrical works, supported by over 6,000 employees as of 2024, including 543 local staff. The company has pioneered several industry firsts in , such as establishing the kingdom's largest sand processing plant and introducing ready-mixed concrete production to the Gulf, while holding Grade 1 registration as an . As a dynamic player in Bahrain's industrial landscape, Nass Corporation continues to expand its portfolio, including commercial solutions and meat products, contributing to sustainable through landmark projects and innovative offerings. As of December 2024, it had 16,280,000 issued shares out of an authorized 220,000,000.

History

Founding and early years

Nass Corporation traces its origins to 1963, when Abdulla Ahmed Nass, a pioneering figure in the construction industry, founded Abdulla Ahmed Nass Contracting Co. W.L.L. in the Kingdom of Bahrain as a modest civil and general trading enterprise. Initially, the company concentrated on basic contracting services, capitalizing on the founder's experience gained from a decade working as a contractor in prior to his return to . This establishment occurred amid 's pre-independence development phase under British protection, setting the stage for contributions to regional growth. In its formative years during the , the company undertook several foundational projects that supported Bahrain's emerging needs in the Gulf . Notable early endeavors included the construction of the Royal Air Force project, the Aysha Girls School in , the First Muharraq Bridge, and Isa Town's inaugural housing complex—the first of its kind in —along with the Hamad Town Housing Project. These initiatives, executed before Bahrain's independence in 1971, highlighted the firm's growing role in civil works and laid the groundwork for its expansion into more complex developments, such as Phase 1 of the (Alba) plant and the rebuilding of the BAPCO in the early 1970s. By the late and into the , the firm evolved from a small contracting outfit into a family-owned , fostering internal growth through strategic diversification. This period saw initial forays into specialized services, including mechanical contracting established in 1972, which addressed the shortage of skilled subcontractors in the region and complemented core civil operations. The company's structure as a family enterprise, led by Abdulla Ahmed Nass and later his successors, emphasized reliability and innovation, enabling it to secure a for quality in Bahrain's burgeoning sector. A pivotal milestone in the 1970s was the launch of Delmon Ready Mix Concrete in 1973, marking the establishment of Bahrain's first operations and revolutionizing local construction practices. This venture, initiated by Abdulla Ahmed Nass, quickly positioned the company as a leader in production, supplying essential materials for major infrastructure projects and supporting the rapid urbanization across and the wider Gulf. By the late 1970s, complementary efforts like the Nass Sand Processing Plant in 1977 further solidified its integrated approach to building materials.

Expansion and listing

During the , Nass Corporation expanded significantly into specialized sectors to support Bahrain's burgeoning and industrial landscape, including advancements in processing and the introduction of services. The company established its division in 1990, which developed into Nass Scafform, a key provider of and solutions for and projects across the region. This period also marked further diversification into processing, building on the existing Nass Sand Processing Plant—Bahrain's first such facility, originally set up in 1977—to enhance production capacity and maintain its status as the kingdom's largest supplier of washed building . In preparation for broader , the company consolidated its core construction-related businesses in the early , forming key divisions such as Nass Industrial Services to streamline mechanical and operations. Nass Industrial Services, originally rooted in mechanical contracting from 1972, emerged as a dedicated unit focused on , , and services during this consolidation phase. A pivotal milestone came in 2005 when Nass Corporation transitioned to a public , Nass Corporation B.S.C., and listed on the Bahrain Bourse on November 22, becoming the first family-owned enterprise in to achieve public status. This listing, following incorporation on September 17, facilitated greater capital access and professionalized operations, with the company's shares traded under the symbol NASS. Following the listing, Nass Corporation pursued aggressive regional growth, establishing a presence in through subsidiaries and joint ventures to capitalize on the kingdom's infrastructure boom. This expansion included securing (EPC) contracts for major projects in industrial zones and ports, such as contributions to the Aluminium Plant and SADARA Propylene Oxide Plant. The focus on EPC capabilities enabled the company to deliver solutions, enhancing its portfolio in the (GCC) region and driving sustained revenue growth. In 2025, following a voluntary conditional exit offer by a of existing shareholders, Nass Corporation's shareholders approved its conversion to a closed shareholding company and delisting from the Bahrain Bourse, with regulatory approval received from the Central Bank of Bahrain on September 28, 2025, subject to conditions.

Business operations

Construction and engineering services

Nass Corporation's construction and engineering services primarily revolve around , building construction, and development, forming the core of its operations in the Gulf region. Through Nass Contracting, founded in , the company delivers comprehensive solutions for industrial structures, roads, bridges, pipelines, jetties, quay walls, and projects, leveraging over 60 years of experience to support large-scale initiatives. Additionally, it offers building construction services for luxury villas, office blocks, warehouses, and commercial buildings, ensuring high standards through ISO-certified processes and state-of-the-art equipment. The company extends its expertise to mechanical and electrical contracting, particularly for the oil and gas, power, and sectors, where subsidiaries like Nass Mechanical Contracting (established 1972) and Nass Electrical (a Grade 1 certified contractor) handle fabrication, maintenance, MEP installations, and instrumentation works. Nass Corporation's (EPC) capabilities enable solutions, including design, procurement, and installation for complex projects, allowing integrated delivery from concept to completion across diverse sectors. Specialized offerings further enhance its service portfolio, including and shore protection for offshore developments, landscaping through Nass Landscapes (founded 1996) for sustainable outdoor designs, and ready-mixed production via Delmon Ready Mixed , which supports integrated needs with facilities producing up to 50,000 cubic meters monthly as of 2024. These services are complemented by asphalt works, , and heavy equipment rental, ensuring self-sufficiency in project execution. Operationally, Nass Corporation maintains a strong footprint in and , with additional presence in the UAE and broader GCC region, where it has executed infrastructure projects for over five decades, backed by joint ventures and subsidiaries that enhance local capabilities. In 2025, the company received a voluntary conditional exit offer to acquire up to 100% of shares, leading to trading suspension on the Bahrain Bourse effective July 2025 following completion of the offer period in September.

Industrial and support services

Nass Corporation's industrial and support services encompass a range of and ancillary operations that provide essential materials and solutions to complement its broader activities in the Gulf region. These services include specialized production facilities for construction aggregates, products, and asphalt, as well as and rental support for industrial sectors such as and gas. Established over decades, these operations emphasize , , and regional supply chain efficiency, serving clients across , , and the . A core component is Nass Industrial Services, founded in as a mechanical and contractor, which delivers shutdown, turnaround, and ongoing for oil and gas facilities, alongside EPC for packaged units, heavy engineering, and process equipment fabrication. The division also handles installations, insulation, and industrial painting, supported by operations and contracts, manpower supply, and services. With over 1,500 employees and facilities in and , it holds ISO 9001:2015, ISO 14001:2015, :2018 certifications, as well as ASME stamps for manufacturing, ensuring compliance in high-stakes industrial environments. In manufacturing, Nass Corporation operates dedicated plants for key construction materials. The Nass Sand Processing Plant, established in 1977 in Bahrain's Hidd Industrial Area, produces over 4,100 tons of washed building sand daily as of 2024, serving as a primary supplier for the local construction industry while adhering to ISO quality, environmental, and safety standards. Complementing this, Delmon ReadyMix, a pioneer since 1973 and integrated into Nass Corporation in 2006, has supplied more than 13 million cubic meters of ready-mixed concrete, utilizing advanced batching plants in Salmabad and Hidd to meet diverse project needs. Similarly, Delmon Precast, also part of the group since 2006, specializes in structural precast elements including foundation bases, retaining walls, columns, and parapets, enhancing durability and efficiency in building applications. Nass Asphalt, launched in 2001, focuses on high-quality asphalt production for road and infrastructure projects, demonstrating innovation through competitive output capabilities. Support services extend to , , and . Nass Scafform, initiated in 1990, provides comprehensive and solutions primarily for and sectors, managing assets valued at over $23 million and employing around 1,000 personnel across , , and , with full ISO certifications for quality, environment, and health & safety. In , Nass Landscapes offers landscape , , and specialized services for commercial and industrial sites, including hotels and public developments in the . Additionally, the Nass Ice Factory supplies ice and desalinated sweet water—producing over 200,000 gallons daily as of 2024 via —to industrial and public clients, while equipment rental and support regional project execution through integrated transport solutions. These services integrate seamlessly with Nass Corporation's projects, providing on-demand materials and to streamline operations.

Corporate structure

Divisions

Nass Corporation organizes its operations through several specialized internal divisions, each focusing on distinct aspects of , and support services to streamline project delivery across its markets. These divisions enable the company to provide integrated solutions, from core to ancillary industrial and commercial activities. The flagship division, Nass Contracting, established in 1963, serves as the core arm, handling , development, industrial structures, and building projects such as pipelines, roads, and luxury developments. Complementing this, Nass Industrial Services (NIS), founded in 1972, specializes in , , (EPC), , and fabrication services primarily for oil and gas, power, and sectors, including shutdowns and heavy engineering works. Nass Commercial Services, operational since , manages trading and support functions, representing international manufacturers and supplying materials, equipment, and services to support and industrial operations. Additionally, dedicated mechanical and electrical divisions address specialized needs: the Electrical Contracting Division, a Grade 1 registered contractor, focuses on electrical and installations for and projects, while mechanical capabilities are integrated within NIS for solutions. These divisions evolved progressively from the 1970s onward, originating as support units within the core contracting business and expanding to address growing demands for diversified expertise, such as electrical and industrial maintenance, to enhance . Currently, Nass Corporation maintains approximately six to seven key divisions that oversee daily activities, primarily in and , with some extending to the UAE, allowing for coordinated management of projects and resources.

Subsidiaries and joint ventures

Nass Corporation operates through a network of wholly owned subsidiaries that handle specialized aspects of its construction and engineering activities. These include Nass Contracting Company W.L.L., fully owned and focused on building and civil engineering projects such as infrastructure and industrial structures. Nass Mechanical Contracting Company W.L.L. provides mechanical fabrication, installation, and maintenance services, also under 100% ownership. Similarly, Nass Electrical Contracting Co. W.L.L. specializes in electrical installations and systems for construction projects. Other wholly owned entities encompass Nass Asphalt Production Company W.L.L. for asphalt manufacturing and roadworks, Nass Scafform Contracting Company W.L.L. for scaffolding and formwork solutions, Nass Sand Processing Plant (NSPP) W.L.L. for aggregate production, and Nass Ice Factory W.L.L. for industrial ice supply. The company also maintains partly owned subsidiaries to support material production needs. Delmon Readymix Concrete and Products Company W.L.L., in which Nass Corporation holds an 80% stake, is a leading provider of in . Delmon Precast Concrete W.L.L. operates similarly with 80% ownership, manufacturing elements for construction applications. Joint ventures and associates enable Nass Corporation to leverage expertise in general contracting and specialized services. As of 2024, these include Nass Contrack Joint Venture (50% ownership, general contracting), Nass Burhan Joint Venture (50% ownership, general contracting), and Nass Contrack Watts Joint Venture (50% ownership, general contracting). Other entities are Nass Contracting Co. Huta Hegerfeld Saudia JV W.L.L. (75% ownership, road and utility construction) and Nass & Nassir Hazza Al Subaie for Contracting W.L.L. (51% ownership, road and utility construction). Associates include Dona Marine Co. W.L.L. (33.33% ownership, transportation of bulk materials by marine vessels) and Nass Mechanical Services LLC (99% ownership, tank wholesale and repair in the UAE). Additionally, Nass Corporation participates in project-specific joint ventures, such as those for infrastructure developments. These subsidiaries and joint ventures play strategic roles by enabling specialized operations in materials, mechanical and electrical works, and support services, while joint ventures facilitate access to technologies for initiatives.

Notable projects and achievements

Infrastructure developments

Nass Corporation has played a pivotal role in Bahrain's evolution since the , beginning with foundational civil works that supported national development. One of its earliest contributions was the Royal Air Force Project in during the , where the company, under the leadership of founder Abdulla Ahmed Nass, undertook prominent tasks that enhanced and facilities in the region. This project marked the inception of Nass's involvement in large-scale public , laying the groundwork for subsequent expansions in . In the 1970s, Nass advanced Bahrain's connectivity through the construction of the First Bridge, completed in 1972 via a with Tarmac International. This bridge represented a landmark achievement in transportation infrastructure, facilitating essential links between and and bolstering economic activity in the . Building on this momentum, the company contributed significantly to the Prince Khalifa Bin Salman Port and Industrial Area at Hidd, a major initiative spanning the 1970s and 1980s that involved 700 hectares of , 24 million cubic meters of , 12 kilometers of , and 1,800 linear meters of quay wall to create a deep-water port capable of handling large vessels. These efforts transformed Hidd into a vital hub for trade and industry, directly supporting Bahrain's economic growth by improving maritime access and industrial capacity. The company's portfolio expanded in the 2000s and 2010s with projects emphasizing urban and environmental infrastructure. Nass constructed the Four Seasons Bridge, a pedestrian link spanning Bahrain Bay to connect the Four Seasons Residences with the adjacent hotel, enhancing accessibility and aesthetic integration in the Bahrain Bay development. Concurrently, it handled reclamation works for the Muharraq Sewage Treatment Plant starting in 2010, creating a 15-hectare platform northeast of Khalifa Bin Salman Port to support the facility's expansion and improve wastewater management in the Muharraq catchment area. In reclamation expertise, Nass executed Phases 1 and 2 of Diyar Al Muharraq, a mixed-use development involving extensive dredging and shore protection works completed by 2014 through a joint venture with Great Lakes Dredge & Dock, which created over 7.5 square kilometers of new land and advanced Bahrain's urban expansion. Similarly, for Investment Gateway Bahrain Phases 1 and 2, Nass performed reclamation and shore protection to form the landmass for this commercial and residential gateway project, underscoring its role in shaping Bahrain's coastal landscapes. Into the 2020s, Nass has continued contributing to infrastructure in Bahrain and Saudi Arabia, focusing on roads, utilities, and connectivity enhancements. Notable recent endeavors include the Al-Fateh Highway Upgrade, featuring a 125-meter four-span U-turn bridge and a 367-meter nine-span left-turn bridge to alleviate traffic congestion; the Busaiteen Link Package 3, a BD37.23 million road project awarded in 2024; and the Bahrain International Airport Access Improvement for better aviation-linked transport. Additionally, in November 2025, Nass was appointed for the Bahrain Marina beachfront development, featuring a 130-meter beach and family pool to boost tourism. In Saudi Arabia, operations support utility and civil works aligned with regional development, while in Bahrain, projects like the King Abdullah Bin Abdulaziz Medical City expansion integrate infrastructure for healthcare facilities. These initiatives highlight Nass's ongoing impact on public works, from early bridges and ports that catalyzed Gulf economic integration to modern utilities fostering sustainable growth.

Industrial and commercial projects

Nass Corporation has played a pivotal role in industrial and commercial construction across the Gulf region, leveraging its (EPC) expertise through subsidiaries such as Nass Industrial Services and Nass Contracting. These projects span power generation, , aluminum production, healthcare facilities, and high-profile commercial developments, contributing to the economic diversification of and neighboring countries. The company's involvement often includes solutions, fabrication, and , establishing it as a key player in large-scale industrial builds since the . A cornerstone of Nass's early portfolio was the Phase 1 construction of the Aluminium Bahrain (Alba) Plant, an aluminum smelter initiated in , which involved site works and plant assembly that laid the groundwork for Bahrain's aluminum industry and subsequent expansions up to Phase 6. In the power sector, Nass delivered comprehensive EPC services for the Hidd Power Station in 1997, encompassing a new power facility, plant, and high-voltage cabling at Hidd, , with eleven group companies collaborating to pioneer advanced energy solutions in the region. These efforts marked Nass's contributions to the Gulf's first major power stations, enhancing energy reliability and industrial capacity. On the commercial front, Nass constructed the Gulf Hotel in 1972, Bahrain's inaugural five-star luxury hotel, which exemplified its capabilities in and high-end building projects during the country's early development phase. The , a 240-meter twin-tower complex completed in 2008 with approximately 121,000 square meters of office and retail space, further highlighted Nass's commercial expertise, including extensions for parking and ancillary facilities as part of this iconic seafront development. In healthcare, Nass undertook the King Hamad University Hospital project in the early 2010s, building a four-story, 312-bed international-standard facility under a BD49 million awarded in 2011, complete with associated to support advanced medical services. Nass's international expansion is evident in projects like the Cement Plant, executed in the 1960s-1980s as a key industrial EPC endeavor that supported 's boom. Similarly, the company's work on an aluminum plant in reflects its growing footprint in the Kingdom, aligning with regional growth. Collectively, these initiatives underscore Nass's pioneering role in Gulf industrial , from foundational aluminum and power projects to modern commercial and healthcare landmarks, fostering economic progress without overlapping into pure civil .

Financial overview

Revenue and profitability

Nass Corporation generates the majority of its revenue from and allied activities, which encompass building, , , procurement, and (EPC) projects, as well as industrial support services such as electrical contracting, , and ready-mixed production. In 2024, external from this segment amounted to BD 140.741 million, representing approximately 88% of total external revenue, while trading activities, including the distribution of construction materials, spare parts, and consumer goods like and products, contributed BD 19.231 million or about 12%. This breakdown reflects the company's core focus on and industrial projects in the oil and gas, power, and petrochemical sectors across , , and the UAE. The company's total in was BD 159.972 million, a 3.5% decline from BD 165.804 million in 2023, driven by delays in completions and performance issues on legacy contracts. Profitability trends have been volatile, influenced by fluctuations in the and gas sector; in 2023, stabilized prices and increased awards post-COVID-19 recovery led to a net profit of BD 3.205 million and an EBITDA of BD 8.952 million, marking a 33.3% growth from BD 124.356 million in 2022. However, saw a net loss of BD 6.728 million and a pre-finance, , and amortization loss of BD 0.761 million, attributed to prolongation of ongoing s and higher operational costs amid regional economic pressures. Key financial metrics highlight Nass Corporation's post-2005 listing growth trajectory, with compound annual revenue growth exceeding 10% through the , supported by expansion into and subsidiary contributions from wholly owned entities like Nass Contracting and Delmon Readymix. Debt levels have moderated, with loans decreasing to BD 2.098 million in 2024 from BD 3.696 million in 2023, though overdrafts rose to BD 22.492 million due to needs for large-scale contracts. Saudi market initiatives, including planned 2025 expansions, are expected to bolster future profitability by diversifying revenue streams beyond Bahrain-centric operations.

Stock performance and market position

Nass Corporation B.S.C. (NASS.BH) has been publicly traded on the Bahrain Bourse since its in October 2005, marking it as the first Bahraini family-owned business to list on the exchange. The IPO involved a of shares that was oversubscribed, with the company issuing shares to establish a paid-up capital of approximately BD 21.5 million across 215.077 million shares (excluding treasury shares). This structure has supported its operations as a diversified and industrial services provider, with shares reflecting the broader volatility of the Gulf sector influenced by oil prices, regional spending, and economic cycles. The stock's historical performance has shown moderate fluctuations, with prices ranging between 0.070 BHD and 0.090 BHD from 2024 to 2025, closing at 0.074 BHD as of November 19, 2025 amid a slight downward trend tied to sector challenges like project delays and cost pressures. Dividend payouts have been intermittent, with a notable 5% cash of BD 1.075 million approved for distribution in 2018 for the 2017 , equivalent to 0.005 BHD per share; more recent dividends, such as a declaration for 2023 totaling BD 0.077 million, have been smaller, reflecting profitability variability. As of November 19, 2025, the company's stands at approximately BD 15.92 million (around $42 million USD), positioning it as a mid-tier listed entity on the Bahrain Bourse with a focus on steady, if not aggressive, growth. In the Bahraini construction market, Nass Corporation holds a leading position as a key player in building and industrial services, benefiting from its long-standing presence since 1965 and expansion into and the UAE. It competes with regional firms such as Almoayyed Contracting Group, Haji Hassan Group, Cebarco Bahrain, and international entrants like Six Construct, within a moderately concentrated industry driven by and projects. The company ranks among the top businesses in the , placing 90th in Middle East's 2021 list of the Top 100 Arab Family Businesses, underscoring its enduring influence despite a smaller market cap compared to larger GCC conglomerates. Looking ahead, Nass Corporation is strategically positioned to capitalize on the GCC infrastructure boom, particularly through opportunities in and funded by regional initiatives, with the GCC construction market projected to outperform in 2025 amid rising investments. The firm emphasizes sustainability initiatives, as outlined in its 2024 ESG report, including commitments to and alignment with Bahrain's 2030 Vision for innovative, low-carbon development, which could enhance long-term stock resilience. Interim financial results for the nine months ended September 30, 2025, were released on November 11, 2025, providing updated insights into ongoing performance.

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  53. https://www.investing.com/equities/nass-corp-dividends
  54. https://stockanalysis.com/quote/bax/NASS/
  55. https://www.mordorintelligence.com/industry-reports/construction-sector-in-bahrain-industry
  56. https://www.nasscorporation.com/wp-content/uploads/2025/06/NASS_ESG_2024.pdf
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