Kuwaiti finance house records $360 million in profits

Published January 14th, 2002 - 02:00 GMT
Al Bawaba
Al Bawaba

The Chairman of the Board of the Kuwaiti Finance House, Badr Mukhaizem, stated that its profits totaled 112 million Kuwaiti Dinars ($360 million) in 2001, reported Al-Hayat . The investor depositors’ profits hit KD 58.5 million and the stockholders profits hit KD 53 million, making the rate of yield on capital 79 percent. — (menareport.com)

© 2002 Mena Report (www.menareport.com)