Financial and Banking News
Investcorp's Profits Surge In 1987
The Arabian Investment Banking Corporation (Investcorp) has announced recordprofits of $28.8mn in 1987, or 89.5% more than the 1986 figure of $15.2mn. Afterregistering a profit for the fifth consecutive year, Investcorp is to pay a$15mn cash dividend, representing 15% of paid-in capital. Its profits in 1987represented a 22.9% return on shareholders' equity, a 28.8% return on paid-in...