Aref Co posts KD 10.7 million in net profits for 2010

15/03/2011 00:00 AST

Aref Energy Holding Company (Aref Co) earned 10.7 million Kuwaiti dinars in net profits for the fiscal year (FY) that elapsed on Dec. 31, compared to KD 7.9 million in losses in 2009.

The company's total equity hit KD 74.9 million in 2019 against KD 64.6 million in 2009, the company said in a release posted on the Kuwait Stock Exchange (KSE) Web site.

Aref's assets totaled KD 113 million, while its liabilities amounted to KD 29.4 million by the end of the FY that elapsed in December, compared to KD 38.3 million in 2009, according to the online release.

Established in 1996 and registered with the KSE in 2005 with a paid-up capital of KD 75 million, Aref Co has been active in the field of owning shares of Kuwaiti and foreign companies and limited firms.


KUNA

News

Aref Energy says full-year losses widened to 9.96mn Kuwaiti dinars

31/01/2013

Kuwait's Aref Energy Holding Co said yesterday full-year losses widened to 9.96mn Kuwaiti dinars ($35.42mn) in 2012 compared with a 5.11mn loss dinars in the previous year.

The company's f

Gulf Times

Capital Standards assigns 'BB+' to AREF Energy Holding Company

15/12/2011

Capital Standards (CSR) has assigned, on a standalone basis, a first-time Corporate Credit Rating of 'BB+' on an international scale and 'BBB+KW' on a national scale to AREF Energy Holding Company K.

Al Watan

Kuwait's Aref Energy makes $60 mln profit in stake sale

10/03/2010

Kuwaiti group Aref Energy Holding Co said it sold 95 percent of its stake in a gas joint venture in Texas, making about $60 million profit.

In 2007, Aref set up DeWitt Tract Co, a fully-owne

Arab Times

Most Viewed Companies

Ticker Price Volume

Valuation

ENERGYH Sector Market
P/E
Price/BookValue

Top Related Companies

Ticker Price Change
SAUDIARAMCO 24.52 0.06 (0.24%)
ADNOCGAS 3.36 0.02 (0.59%)
ADNOCDRILL 5.49 0.09 (1.66%)
BAHRI 29.50 0.00 (0.00%)
ADES 16.97 0.12 (0.71%)

Recent News

Gulf Bank launches Concierge App in collaboration with Peacock Concierge

06/03/2026

As part of its ongoing commitment to delivering innovative digital solutions that enhance customers' lifestyles, Gulf Bank has launched its new Concierge App in strategic collaboration with Peacock C

Kuwait Times

Union Properties joins Massachusetts institute's industrial liaison programme

06/03/2026

Union Properties, one of the UAE's leading master developers, said it has entered into a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Indu

Trade Arabia

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

06/03/2026

Emirates NBD has waived a range of banking fees for customers across the UAE and the wider Gulf, making cash and card services easier to access during a period of heightened regional uncertainty.

Gulfnews

2PointZero buys majority stake in Italian packaging group ISEM for $192m

06/03/2026

2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has announced that it has formally completed the transaction to acquire a majority position in ISEM,

Trade Arabia

SAL agrees $30m Aviapartner Liege acquisition to expand into Europe

06/03/2026

SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for ?28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe's major air carg

Arab News

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap