The Kuwait Stock Exchange (KSE)-listed Gulf Investment House (GIH) declared Sunday it had concluded a US$ 20 million deal to buy a land plot in the Karzican area in Bahrain. According to KUNA, GIH Deputy Managing Director Bader Al-Ali said in a press statement the land plot would be divided into 165 smaller plots and then sold to interested investors, companies and individuals.
GIH has announced that it made a net profit of KD 8.9 million in the first half of 2005 or 68 percent more compared to same period last year.
