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- Lebanon receives preliminary approval to increase World Bank loan to $400m
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- Adnoc Distribution to operate 500 high-power EV chargers by 2028
11/04/2009 00:00 AST
Kuwaits First Investment Co. posted a 87 percent fall in 2008 profit on Thursday, the latest investment firm from the Gulf Arab states financial sector to take a hit.
Full?year net profit came in at 3.22 million Kuwaiti dinars ($11 million) after 25.37 million dinars in 2007, the firm said in a statement on the Kuwait bourse website.
It gave no reason for the profit fall or provide quarterly data. Company officials could not be reached for comment.
The company, which offers asset management and advisory services, also said its board recommended paying no dividend for 2008.
Total liabilities rose to 120.9 million dinars in 2008 after 75.9 million dinars in the previous year. Assets gained to 250.5 million dinars after 215.6 million dinars in 2007.
Trading in the firm resumed with the stock rising 5.5 percent. The bourse had halted the stock and several other shares last week for failing to report earnings on time.
Major sector rivals such as Global Investment House or Investment Dar have yet to report 2008 financials.
Reuters
05/04/2011
First Investment Company (FIC) sustained KD 10.5 million in losses; 16.1 fils in shares for the fiscal year that elapsed on December 31, 2010 compared to KD 22.9 million in losses and 35.2 fils decre
KUNA
04/04/2011
Liquidity Management House (LMH), serving as structuring advisor on behalf of six Kuwait banking institutions, has successfully completed a KWD 92 million ($331.6 million) debt restructuring of First
CPI Financial
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| OSOUL | 156.00 | 1.00 (0.64 |
| BAYANINV | 59.50 | 0.80 (1.36 |
| GFC | 143.00 | 5.00 (3.62 |
| KINGDOM | 9.09 | 0.21 (2.36 |
| TADAWULGROUP | 195.80 | 1.40 (0.72 |
26/04/2025
Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p
Trade Arabia
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
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