ID :
52045
Tue, 03/24/2009 - 16:42
Auther :
Shortlink :
https://www.oananews.org//node/52045
The shortlink copeid
Abu Dhabi Investment House net profit hikes 18%
ABU DHABI, March 24, SPA -- Abu Dhabi Investment House (ADIH) made a
net profit of AED260 million ($71 million) for the fiscal year 2008,
an 18 percent year-on-year increase from AED220 million ($60 million)
in 2007.
In a press statement published today, Chairman of the Board Jowa’an
Awaidha Al Khaili said the Board also approved the distribution of 40
percent cash dividend (AED0.40 per share).
Al Khaili said “we are very pleased with the 2008 exceptional
results, despite current market conditions. This is attributed to
clear strategy and business model focused on identifying unique
investment opportunities for growth in new sectors and markets,
including North Africa, Asia and Europe".
--SPA
net profit of AED260 million ($71 million) for the fiscal year 2008,
an 18 percent year-on-year increase from AED220 million ($60 million)
in 2007.
In a press statement published today, Chairman of the Board Jowa’an
Awaidha Al Khaili said the Board also approved the distribution of 40
percent cash dividend (AED0.40 per share).
Al Khaili said “we are very pleased with the 2008 exceptional
results, despite current market conditions. This is attributed to
clear strategy and business model focused on identifying unique
investment opportunities for growth in new sectors and markets,
including North Africa, Asia and Europe".
--SPA
