Gulf Air taps Edamah to assess its overseas property portfolio

what happened

According to Reuters, Gulf Air, Bahrain's flag carrier, and the Bahrain Real Estate Investment Company, known as Edamah, have agreed an advisory framework covering investment and transactions. Under the terms, Edamah will counsel the airline on valuing its property located outside the kingdom and on the strategic options for those assets.

Edamah will carry out an independent, market-based review of the overseas holdings, working alongside licensed specialist firms in each country. The findings are meant to help Gulf Air decide how to manage the portfolio, as the carrier concentrates its resources on core flying operations and long-term growth.

The agreement was signed at Gateway Gulf 2026 by Gulf Air's chief executive Martin Gauss and Edamah's chief executive Khaled A. Rahman AlMajed. Gauss described the deal as a step toward sharpening the airline's aviation focus and optimising its assets, while AlMajed said the advisory expertise would help unlock the full worth of the international property holdings.

why it matters

For markets this is a minor corporate development, since the text discloses neither the value of the properties nor the timeline for the review. The bigger signal is that the airline is shedding non-core assets to focus on flying, a approach investors often weigh when assessing regional carriers.

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