Bahrain Commercial Facilities Company BSC, which is well known as "Bahrain Credit" was established on 29th August 1983 under Bahrain's Commercial Companies Law 1975, as a closed Company with and authorized capital of BD. 10,000,000 and issued capital of BD 5,000,000 with an objective to act as a specialist finance Company. In 1993, Bahrain Credit became a public shareholding company with an authorized capital of BD 50,000,000 and issued capital of BD 11,000,000. Effective 26th June 2005, the Company became licensed and regulated by the Central Bank of Bahrain (CBB) to operate as financial institution. In 1989, Bahrain Credit acquired the agency right of Honda, Cadillac, Hummer and GMC cars dealership in Bahrain and Established National Motor Company (NMC). In 1997, Tas'heelat Insurance Services Co. WLL was established to offer new and innovative financial services and insurance products. The Company offers a spectrum of insurance services under one roof. In October 2002, Tas'heelat Real Estate Services Company (S.P.C) was established to offer investors and consumers a variety of real-estate related services such as property valuation, brokerage, and management.