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16/08/2013 07:48 AST
KCIC, which specialises in investments in domestic demand-driven sectors in Asia, today announced a net profit of KWD 940,250 for the second quarter of 2013, bringing the company's earnings for the first half of 2013 to KWD 1.12 million.
"KCIC registered in Q2 earnings per share of 1.32 fils and a return on equity of 1.04 per cent," said a media statement. "Total revenues for the second quarter reached KWD 3.23 million, which resulted in total revenues of KWD 4.52 million for the first half of the year, a 5.85 per cent increase in comparison to the first half of last year when the company reported revenues of KWD 4.27 million."
KCIC Vice Chairman and CEO, Ahmad Abdlatif Al-Hamad, said, "Although the first half of the year witnessed increasing volatility and high uncertainty in global economies and in turn global markets, KCIC remains committed to maintain its focus on high quality investment opportunities in robust businesses across the region. As a testament to this, we managed to complete a funding round for one of our flagship investments during one of the most difficult fund-raising periods. We remain optimistic that Asia will continue to evolve towards establishing its internal markets which will transform their economies to a more sustainable growth model."
CPI Financial
11/03/2014
KCIC, which specializes in investments in domestic demand-driven sectors in Asia, has announced a net profit of KWD 1.03 million for the year 2013, with an earnings per share of 1.30 fils and a retur
CPI Financial
18/08/2013
KCIC, which specializes in investments in domestic demand-driven sectors in Asia, registered a net profit of KD940,250 for the second quarter of 2013, bringing the company's earnings for the first ha
Saudi Gazette
26/05/2012
The KCIC (Kuwait China Investment Company) an investment firm specializing in investments in Asia, held on Thursday its Annual General Meeting of shareholders at the company's headquarters in Kuwait
Arab Times
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| KINGDOM | 7.87 | 0.13 (1.67 |
| TADAWULGROUP | 165.70 | 1.70 (1.03 |
| BOURSA | 3,810.00 | 18.00 (0.47 |
| NIND | 291.00 | 2.00 (0.69 |
| GFH.KW | 182.00 | 1.00 (0.55 |
05/01/2026
Mastercard announced that QNB Group, the largest financial institution in the Middle East and Africa, was granted a Mastercard licence to extend its issuing and acquiring activities in Syria, enablin
Gulf Times
05/01/2026
The Ministry of Commerce and Industry (MoCI) has signed a co-operation agreement with Doha Bank, as part of efforts to enhance integration between the public and private sectors and to facilitate ser
Gulf Times
05/01/2026
Saudi oil giant Aramco has announced the launch of its 98-octane gasoline product, which will begin supplying in January 2026 as part of efforts to expand consumer fuel options and diversify its prod
Trade Arabia
04/01/2026
Dubai Electricity and Water Authority (Dewa) has announced that that work is in full swing on its Hassyan desalination project with the Phase I nearly 90% completed.
One of the world's large
Trade Arabia
04/01/2026
QNB forecast a slight improvement in global growth in 2026, amid stability in major economies, projecting a rate of 3.2 percent, which is slightly higher than overall forecasts.The bank's weekly repo
Gulf Times
Financial Information Co.
Saudi Arabia