National Hotels Company was incorporated by Amiri Charter. The Company owns the Diplomat Radisson SAS Hotel. With the exception of investment income, all of the Company's income is derived from the business of a hotel, within the Kingdom of Bahrain.

The company owns a Diplomat Hotel which is managed by Forte Bermuda Ltd.

Individuals	N/A
Institutions	N/A
Floating	N/A
Government	N/A

Director	Abdul Aziz Faisal Al Hathran
Chairman	Ahmed Al Zayani A.
Director	Ahmed Bin Ali Al Aali
Director	Jassim Salman Al Sindi
Director	Mohamed Ali Talib
Director	Mohamed Hussain Jaffer
Vice Chairman	Tarek Mohammed Al Bassam

	2003	2002	2001
Total Assets	29,295	27,992	26,825
Shareholder's Equity	27,040	25,680	25,144
NIAT	1,028	1,403	1,414
Dividends	800	800	731

	2003	2002	2001
Assets Growth	4.65%	4.35%	6.06%
Earning Growth	-26.76%	-0.73%	89.54%
ROaA	3.59%	5.12%	5.43%
ROaE	3.90%	5.52%	5.72%
No. Of Shares	100,000,000	100,000,000	104,461,770
EPS	0.01	0.01	0.01
EPS Growth	-26.76%	-0.73%	89.54%
Payout Ratio	77.834	57.004	51.724

	Trailing
PE	34.05
PB
DVPS	N/A
Div Yield	N/A
EV	18,000.00
EV/Equity	0.67

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