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FINANCIAL NEWS
Jadwa’s income up 225% in 2010
10 Jan 2011
(MENAFN) Jadwa’s chairman, Prince Faisal bin Salman, said that the company had been growing year on year since its launch back in 2007, registering an income of more than $29.2 million and thus growing by 225 percent in 2010 compared to a year before, reported Arab News.
The Prince added that revenues increased by sixty four percent in 2010 thus amounting to $61.2 million. He also said that the company’s assets in the past four years grew from $306 million to more than $433 million in an increase of 230 percent.
Prince Faisal pointed out the fact that these achievements have more of an impact on shareholders especially that they were accomplished amid the global financial crisis.
It is worth noting that Jadwa Investment was launched in Saudi Arabia back in 2007 and currently has assets under management exceeding $2.5 billion.
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