Aref Investment Falls to Lowest Since 2003 After Posting Loss

20/04/2010 00:00 AST

Aref Investment Group retreated to the lowest intraday level in seven years after the Kuwaiti investment company posted a full-year loss.

The shares declined 5.3 percent to 89 fils, the lowest since February 2003, at 9:30 a.m. in Kuwait City. The company has a market value of 94.5 million dinars ($328 million).

Aref reported a full-year loss of 127.6 million dinars after a 4.6 million-dinar profit a year earlier, according to a statement to the local bourse. The company recommended not paying dividend for 2009.


Bloomberg

News

Kuwait's Aref to auction 29pc stake in energy unit

29/12/2011

Kuwait's Aref Investment Group is selling a 29-percent stake in Aref Energy Holding in an auction on Wednesday, the Kuwait Stock Exchange said.

In October, Aref Investment said it would s

Reuters

AIG loses KD 41.7 mln in 9 months

20/12/2010

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

KUNA

Aref Group loses KD 21.4 mln in 1st half

31/08/2010

Kuwait's Aref Investment Group said it sustained losses in the vicinity of KD 21.4 million (USD 74.1 million) in the first half of this year; a loss of 20 fils per share, compared to KD 38 million in

KUNA

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
ALAWWAL 12.10 172,934

Valuation

AIG Sector Market
P/E
Price/BookValue

Top Related Companies

Ticker Price Change
GLOBAL 0.00 0.00 (0.00%)
MARIN 0.00 0.00 (0.00%)
AINV 0.00 0.00 (0.00%)
TII 0.00 0.00 (0.00%)
IIC 0.00 0.00 (0.00%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap