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FINANCIAL NEWS
Bahrain’s Investcorp 2011 net profit up 37%
15 Sep 2011
(MENAFN) Bahrain’s Investcorp’s executive chairman & CEO, Nemir A. Kirdar, said that in 2011, the company’s net profit reached USD140.3 million, with an increase of 37 percent from 2010’s USD102.2 million, reported Arab News.
Kirdar added that in the period, earnings per ordinary share rose almost the double to USD128, allowing the company to resume its dividend payments of USD15 a share.
He also said that proceeds from alternative investments throughout the year exceeded USD1 billion, furthermore, Investcorp had USD11.8 billion in assets under its management.
It is worth noting that the asset management firm specializing in alternative investments has offices in the Kingdom of Bahrain, London and New York.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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