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2009 Financial Results |
A shortage of liquidity within Kuwait and consequently a lowered confidence level
contributed to the sluggish recovery process from the crisis. By the year ended
31st December 2009, NIC reported a loss of KD 26.08 Million and a loss per share
of 31 fils. Assets under management demonstrated a year-on-year increase of
15% and stood at KD 2.57 billion by the close of the year.
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2008 Financial Results |
During 2008, the world financial markets were engulfed in economic crises of staggering
ferocity. No market or region was spared. NIC also reported a loss of KD 20,7 million
and loss per share of 25 fils. Assets under management as at 31st December, 2008 stood
at KD 2.24 Billion.
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| 2007 Financial Results | Throughout 2007, NIC continued to focus on building its core business areas and expanding and diversifying its products and services aimed at generating superior returns. This resulted in net profits of KD 58,238,000 and EPS of 80 fils. Return on average shareholders equity was 24% and return of average total assets stood at 15%. Assets under management grew to over KD 3,668,982,000 and management and advisory fees reached KD 32,355,000. |
| Committed to generating | | superior returns |
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