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FINANCIAL NEWS
Saudi Alkhabeer posts USD15.27m net income in 2014
19 Mar 2015
(MENAFN) Alkhabeer Capital, a leading asset management and investment firm in Saudi Arabia, posted a net income of USD15.27 million in 2014, marking a 32.3 percent increase over 2013, Saudi Gazette reported.
Total revenues reached USD42.16 million in 2014, marking a 26 percent increase over 2013, while total assets under management hit USD879.51 million, recording a 34 percent increase. The market value of Alkhabeer’s portfolio increased to USD188.96 million.
“As a result of the excellent financial performance which underscores the validity of our business model, the Board of Directors is recommending a dividend of 5 percent per share,” Alkhabeer’s chairman said in a statement.
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