VOL. XLII

No. 10

8-March-1999

BAHRAIN

Investcorp Reports 5.2% Increase In Profits

Bahrain-based investment house Investcorp has announced afourth consecutive year of profit growth, with earnings increasing 5.25% over1997 to $114.3mn (for highlights of the accounts, see table below). Thedividend is held at a conservative $29mn representing 30% of paid-up capital.Unlike in 1997, when a good deal of the improved profitability came from incomefrom managed funds, this year Investcorps earnings relied...