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FINANCIAL NEWS
Saudi Alkhabeer Capital net income up 40 percent
11 Mar 2014
(MENAFN) Alkhabeer Capital, a major asset management and investment firm based in Saudi Arabia, said its net income has boosted by 40 percent, reaching USD11.54 million in 2013, according to Arab news.
The company’s total revenues grew by 17 percent to reach USD33.32 million in 2013.
Earnings per share have boosted by 40 percent, according to its financial results for the fiscal year ended Dec. 31, 2013.
Total assets under management had boosted by 52 percent to USD663 million by the end of December 2013.
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