22/02/2018 05:49 AST

Global Investment House said on Wednesday that it proposed to pay 5 per cent cash dividend to their shareholders.

The Mena region focused investment bank reported a net profit of 2.5 million Kuwaiti dinars in 2017 on total revenues of 14.1 million dinars. The firm reported a fee and commission income of 10.3 million dinars, representing 73 per cent of total revenues.

Hareb Al-Darmaki, Chairman of the Board of Directors, said: “Global has remained on a consistent path of profitability for the fifth consecutive year, driven by effective implementation of its fee business driven strategy. We are delighted by these financial results, which were generated during difficult times for the capital markets and the investment services industry in the region.”

Gulf News

Global concludes exit from JOTF for $29m


Global Investment House (Global) announced that its alternative asset management arm, Global Capital Management (GCM), concluded a successful exit from the controlling 93.27 percent stake in Jordan T

Arab News

Global posts KD 5.9mn net profit for 9M


Global Investment House (“Global” or the “Company”) announced its financial results for the nine months ended Sept 30, 2015. During 9M 2015, the Company recorded a net profit of KD 5.9 million (US$19

Arab Times

Global Investment House cuts capital to nullify loss


Shareholders of Kuwait’s Global Investment House have approved the write-off of 94.7 million dinars ($327.9 million) of the company’s losses through a capital reduction, the investment firm said in a


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