Bloomberg-First Investment Co. Full Year Net Rises 26% to $92.4 Million
On February 18, 2008 · In Bloomberg, Kuwait, Shariah Finance, Shariah Law
First Investment Co. Full-Year Net Rises 26% to $92.4 Million
By Zainab Fattah
Feb. 17 (Bloomberg) — First Investment Co., the Kuwaiti Islamic Finance company known as Al-Ola, said full-year profit surged 26 percent, without giving a reason for the increase.
Net income rose to 25.3 million dinars ($92.4 million), or 46.02 fils a share, from 20 million dinars, or 41.27 fils a share, in 2006, according to a company statement posted on the Web site of the Kuwaiti bourse today.
To contact the reporter on this story: Zainab Fattah in Dubai on [email protected]