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FINANCIAL NEWS
Kuwait’s Agility profit for Q4 records over 5 percent
27 Mar 2016
(MENAFN) Kuwait’s Agility, one of the main Gulf Logistics firms, recorded a 5 percent increase in Q4 net profit.
Furthermore, the company’s income in the three months to Dec.31 was USD 47.4mn compared with USD 45.25mn in the same period a year earlier.
Additionally, net profit for whole of last year also grew 5 percent to USD 176.47mn.
The firm emphasized that it would pursue share buy-back to repurchase up to 10 percent of its share capital.
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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