Al-Aman Investment Co. sustains net losses of K.D 8.1 million

27/03/2011 00:00 AST

Al-Aman Investment Company incurred on Sunday their net losses totaling KD 8.1 million, 16.7 fils per share, during the fiscal year that elapsed on 31 December, 2010, compared to last year's losses of K.D 17.6 million and 63.4 fils.

Al-Aman Investment said that the company's total equity hit K.D 22 million during the fiscal year that elapsed on 31 December, 2010, compared K.D 30.1 million for the same period in the previous year, the company said in a release posted on the Kuwait Stock Exchange (KSE) website.

Al-Aman Investment's assets reached K.D 48.5 million, while its liabilities amounted to K.D 26.1 during the fiscal year that elapsed on 31 December, 2010, while compared to last year performance, when liabilities amounted to K.D 26.8 million.

The company was established in 1974, as a Shariah compliant financial investment company that offers a variety of financial services with a focus on asset management and investment advisory services.

Al-Aman invests on the heritage and expertise of its mother company the Securities House while at the same time developing this heritage with a modern vision.

The Company is listed on the Kuwait Stock Exchange (KSE) with a capital of 48.631 Million K.D (167.7 Million USD) and with 1.407 billion USD of assets under management.


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