LOC17:09
14:09 GMT
KUWAIT, May 28 (KUNA) -- The Global Investment House (Global) posted net profits of KD 6.5 million (USD 21.4 million) in 2014, compared to KD 1.9 million (USD 6.2 million) in 2013.
The Global approved a recommendation by its Board of Directors to distribute 5 percent cash bonus of the capital for the financial year which ended in 2014.
The company's performance for 2004 has been considered the finest since 2009, despite regional turmoil, a large drop in the GCC financial markets as a result of a severe drop in crude oil prices in the second half of 2014.
The Global's total revenues grew by 72 percent to KD 22 million (USD 72.5 million), said Vice Chairman & Group Chief Executive Officer Maha Al-Ghunaim in a statement.
The Global Investment House (Global) is a regional investment company headquartered in Kuwait offering its clients integrated investment solutions in brokerage, asset management and investment banking services and complemented by its renowned research capabilities. (end)
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