VOL. XLIII

No. 07

14-February-2000

BAHRAIN

Investcorp Announces Another Record Year Of Profits

Bahrain-based investment house Investcorp has announced a fifth consecutive year of profit growth and another record profit of $125.8mn a 10.1% increase over its 1998 results (MEES, 8 March 1999). Like last year, the board of directors has recommended a $30mn dividend payment or 30% of paid up capital, according to a statement issued by the bank.

In contrast to the 1998 results, Investcorps managed...