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06/05/2009 00:00 AST
Bayan Investment Co. made a net profit of 11.2 million Kuwaiti dinars in the fiscal year ending Dec. 31, 2008, compared to KD 7.5 million the previous year, at an increase of 49.3 percent.
Chairman and Managing Director Faisal Al-Mutawa, speaking at the General Assembly on Tuesday, said the profit per share for 2008 was at 30 fils compared to 20 fils in 2007, after allocating provisions to counter the global economic crisis.
Al-Mutawa said these positive results came thanks to the solid and reserved measures taken by the management in the interest of achieving its ambitious investment strategy on the long?term.
The assembly approved the distribution of cash profit at 10 percent of the nominal share price, or 10 fils per share.
KUNA
19/08/2009
The Central Bank of Kuwait (CBK) has approved a request for renewing a prior consent granted to Bayan Investment Company for purchasing no more than 10 percent of its own issued shares for six months
KUNA
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Aldar Properties, Abu Dhabi's biggest listed developer, has raised Dh9 billion ($2.45 billion) in a sustainability-linked revolving credit facility from a syndicate of 15 UAE-based and international
The National
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Ooredoo announced on Sunday the appointment of Sheikh Nasser bin Hamad al-Thani as the new chairman of Ooredoo Kuwait.
Most recently, Sheikh Nasser was appointed as Group Regional CEO for th
11/01/2025
One of the fastest-growing logistics businesses in Mena region, GWC has marked "20 years of excellence and innovation", achieved significant milestones and won prestigious awards, solidifying its pos
Gulf Times
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Almarai, the world's largest vertically integrated dairy company and the world's fourth most valuable dairy brand in 2024, has successfully implemented RISE with SAP on Google Cloud. This milestone m
Saudi Gazette
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Elm, a pioneer in digital solutions, enhanced its brand identity, reflecting the company's ambitious and prominent objective. Leveraging comprehensive knowledge, a forward-thinking mindset, and a pro
Financial Information Co.