KFIC Reports KD 11.8 Mln Increase For Nine Months

Kuwait Finance and Investment Company ( KFIC ) reported a gain of KD 11.8 million, about 50.1 fils per share, for the first nine months of 2012 compared to last year’s loss of KD 4.9 million, some 51 fils per share, for the same period.

Reporting through the website of Kuwait Stock Exchange, the company said shareholders’ equity totaled KD 33.2 million for the said period, compared to KD 42.3 million last year.

Total assets came to KD 75.7 million, whereas liability came to KD 39.2 million, compared to last year’s KD 122.2 million.

KFIC is a Kuwaiti shareholding company incorporated under the Commercial Company Law No. 15 of 1960 and amendments thereto (C.R.80279). The company is registered with the Central Bank of Kuwait as an Investment Company with a license to conduct both Finance and Investment Services. KFIC was listed on the Kuwaiti stock exchange in 2003 with paid up capital of KD 41.9 million.

Zawya