Kuwait's Abyaar posts KD12m net profit in ’06

DUBAI — The board of Kuwait's Abyaar Real Estate Development, which launched its Dubai property portfolio last year, has announced a net profit of KD12 million for the financial year ending on 31 December 2006.

By A Staff Reporter

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Published: Mon 12 Mar 2007, 8:56 AM

Last updated: Sat 4 Apr 2015, 10:48 PM

Shareholders equity reached KD 47 million in 2006 compared to KD 35 million in 2005. Earnings per share reached KD0.34 Fils.

The board recommended a 10 per cent share bonus to the registered share holders, subject to approval at the time of the annual general meeting.

Hisham Al Obaid, chairman of Abyaar Real Estate Development, said that the profits of the company reflect a solid and balanced performance.

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