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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
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| OSOUL | 215.00 | 1.00 (0.46 |
| GFC | 207.00 | -7.00 (-3.28 |
| KINGDOM | 7.06 | -0.15 (-2.09 |
| TADAWULGROUP | 167.10 | -2.00 (-1.19 |
| SAUDIDARB | 2.74 | -0.07 (-2.50 |
15/09/2025
QIIB and Qatari Diar Real Estate Investment Company have signed a Memorandum of Understanding (MoU) aimed at enhancing co-operation in real estate development and financing, by enabling the bank to p
Gulf Times
15/09/2025
United Development Company (UDC), one of Qatar's leading real estate development firms and the master developer of The Pearl Island and Gewan Island, has been awarded two accolades at the 2025-2026 A
Gulf Times
15/09/2025
Vodafone Qatar and Khwarizmi Artificial Intelligence Centre Doha (KAIC) have signed a strategic memorandum of understanding (MoU), marking the beginning of a collaboration aimed at accelerating artif
Gulf Times
15/09/2025
Leading logistics services provider Gulf Warehousing Company has been named the 'National Winner for Qatar' in the wastewater treatment sector for its sewage water treatment plant in the GWC Bu Sulba
Gulf Times
15/09/2025
KIPCO - Kuwait Projects Company (Holding) - has successfully completed cash tender offers made to purchase in cash, any and all, of the $500 million 4.229 percent notes due on October 29, 2026 (2026
Kuwait Times
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