Financial and Banking News
CIDCO Profits Hit By Securities Losses
Profits at Coast Investment and Development Company (CIDCO), the Kuwaiti'Gulf' company which is currently negotiating a merger with Arabian GeneralInvestment Company (AGICO) of Dubai, were badly hit by securities trading lossesin 1987, reflecting the sharp downturn in equity markets in October. However,these losses were absorbed and the company declared a profit of $13.7mn,compared...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!