Financial and Banking News
GIC Reports Increased Income
Net income of the Gulf Investment Corporation (GIC) increased 23% to reach$70mn in 1986, and the Kuwait-based fund paid its GCC state shareholders a 5%dividend ($27mn) for the first time since it commenced operations in 1984. Totalassets grew by 25% to $1.3bn, while paid-in capital remained unchanged at$540mn. A statement by GIC said that it has committed itself to participate inthe equity of...
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!