Madar loses KD 11.2 mln in 9 months

28/12/2010 00:00 AST

Al-Madar Finance and Investment Company announced that it registered losses of KD 11.2 million, 31.5 fils per share, in the first nine months of 2010.

The company lost KD 8.6 million, 24.3 fils per share for the same period in 2009.

It said in a press release, issued on the website of Kuwait Stock Exchange (KSE) on Tuesday, that the overall shareholder equity equaled KD 27 million in the first nine months of 2010, compared with the same period in 2009.

The total of assets valued KD 115.4 million, while the total of liabilities equaled KD 81.2 million in the first nine months of 2010, it said.

The total of liabilities in the same period in 2009 equaled KD 77.8 million, it added.

The company was established in 1998 and was listed in KSE in 2005 with an issued and paid capital of KD 36.7 million.

It is specialized in investment operations and finance services according to the Islamic Sharia.


KUNA

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