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FINANCIAL NEWS
Saudi’s Alkhabeer net profit grows 17 percent to USD 17.89mn
14 Mar 2016
(MENAFN) Alkhabeer Capital, the asset management and Investment Company located in Jeddah, proclaimed the approval of reviewed financial statements for 2015.
Moreover, the firm net income for the cited year valued USD 17.89mn, marking grow of 17 percent from the same period of financial year 2014.
However, 2015 brought with it a number of notable challenges to the regional economy due to the drop in oil prices and to geopolitical tensions.
The firm achieved goals in 2015, involving profitable strategic acquisitions and successful exits, emphasizing its commitment to successful investments.
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