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- Presight Q3 revenue up 15.3%; firm accelerates global expansion
- Abu Dhabi Islamic launches debut AED-denominated sukuk for investors
- Al Salam Bank delivers record profitability in Q3
- flynas launches "Saudi Experiences" to boost tourism, support communities
- Adnoc Gas records Q3 net income of $1.3bn, up 8pc
- Jacobs JV with AECOM to deliver design services for Riyadh's The Mukaab
- TAQA reports 9-month profit of $1.66bn
- Asian stocks rise with focus on Fed, tech as US government reopens
- KIPCO reports a net profit of KD 13.4 m for first 9 months
- Ahli Bank issues QAR 500 million bonds
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 |
|---|---|---|
| KINGDOM | 7.89 | -0.08 (-1.01 |
| TADAWULGROUP | 190.30 | -1.50 (-0.79 |
| BOURSA | 4,025.00 | -75.00 (-1.83 |
| NIND | 281.00 | 1.00 (0.35 |
| GFH.KW | 185.00 | 0.00 (0.00 |
14/11/2025
Presight AI Holding, a leading Abu Dhabi-based global big data analytics company powered by AI, has reported another period of strong performance for the third quarter driven by robust international
Trade Arabia
14/11/2025
Abu Dhabi Islamic Bank (ADIB), in collaboration with the Ministry of Finance, has launched the first UAE Dirham-denominated sovereign sukuk for individual investors via the ADIB Smart Sukuk Platform.
Trade Arabia
14/11/2025
Al Salam Bank has announced record profitability for the nine months ended September 30, marking another milestone in its transformation into one of the region's leading and fast-growing financial gr
Trade Arabia
14/11/2025
flynas, a low-cost airline in the Middle East, announced the launch of the "Saudi Experiences" initiative. This is in collaboration with the Saudi Tourism Authority.
The announcement was mad
Trade Arabia
14/11/2025
Adnoc Gas has announced its Q3 2025 results, achieving the highest third quarter net income in its history at $1.34 billion, an 8 per cent increase year-on-year.
Year-to-date net income reac
Trade Arabia
Financial Information Co.
Saudi Arabia