GIC Reports Net Income Of $111.7Mn And An Increase In Assets To $19.6Bn
The Kuwait-based Gulf Investment Corporation (GIC) announced on 1 March that it had recorded a net income of $111.7mn in 2000 compared to $120.4mn in 1999, a decline of 7.2%. In a statement, GIC explained that in 1999, income included an exceptional, one-off gain of $44.3mn arising from a change in the shareholding of GICs principal banking subsidiary, the Bahrain-based Gulf International...
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!