Business | Investment

GIC's net profit reaches $253m

Gulf Investment Corporation posted a net profit of $253 million last year after provisions.

  • Staff Report
  • Published: 01:14 February 21, 2008
  • Gulf News

Kuwait City: Gulf Investment Corporation posted a net profit of $253 million last year after provisions.

This represents credit and return on equity of 15 per cent. GIC won the contract to construct and develop the Shuqaiq and Marafiq complexes, two major utility projects in Saudi Arabia.

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