VOL. XXXVII

NO. 29

18-APRIL-1994

BankResults

KuwaitsInternational Investor Issues Dividend After Busy First Year

TheInternational Investor (TII), the Kuwait-based investment merchant bank whichoperates according to the principles of Islamic finance, has declared profits ofKD2mn ($6.7mn) for its first year of operation. A dividend of KD1.2mn,representing 7% of paid-in capital will be paid.

TIIbegan operations at the end of 1992 (the accounts run from 29 November 1992 to31 December 1993) with the...