AIG loses KD 41.7 mln in 9 months

20/12/2010 00:00 AST

Aref Investment Group (AIG) announced on Monday that it suffered losses of KD 41.7 million, 39 fils per share, in the first nine months of 2010, compared to KD 55 million at 52 fils per share in the same period of 2009.

The company said in a statement on the Kuwait Stock Exchange (KSE) website that the total rights of shareholders amounted to KD 130.4 million in the first nine months of 2010, compared with KD 245 million in the same period of 2009.

Total assets reached KD 626.4 million, it noted.

Liabilities stood at KD 447.1 million at the end of the past nine months, compared to KD 491.8 million of these months last year, it added.

AIG, founded in 1975, was listed in the KSE in 1998, with a paid-up capital of KD 106.1 million.

The company is engaged in local and international investment activities, murabaha (profit-sharing) and properties, providing consumer loans and financial services including corporate finance, advisory for its clients as well as managing funds, mainly within the State of Kuwait.


KUNA

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