Saudi Arabia: Al-Khabeer Capital reported a strong performance by more than doubling its revenues in 2009 as compared to 2008 and breaking even at the net profit level.
The Chairman of Al-Khabeer Capital, Mr. Saleh Mohammad Awad Bin Laden mentioned at this point that “This milestone was achieved during Al-Khabeer Capital’s first full year of operations, mainly through the diligent efforts of the Management and the Board of Directors, who managed to deliver on shareholders’ expectations despite the gloomy economic conditions both regionally and globally.”
“Getting Al-Khabeer Capital’s performance to positive net profit in such testing times demonstrates the strength of its foundations, values and strategies upon which Al-Khabeer Capital has been built.”
The Chairman further added “Al-Khabeer Capital is evolving into a company that not only understands its customers and their needs, but also aspires to create innovative Islamic financial solutions tailored to meet the requirements of these customers.”
