First Inves. Company loses KD 10.5 million in '10

05/04/2011 00:00 AST

First Investment Company (FIC) sustained KD 10.5 million in losses; 16.1 fils in shares for the fiscal year that elapsed on December 31, 2010 compared to KD 22.9 million in losses and 35.2 fils decrease of shares in 2009.

The company's total equity hit KD 93.9 million in 2010 against KD 108.8 million in 2009, the company said Tuesday in a release posted on the Kuwait Stock Exchange (KSE) website.

Its assets totaled KD 218.9 million, while its liabilities amounted to KD 124.9 million by the end of the FY that elapsed in December, compared to KD 124.7 million in 2009, according to the online release.

Established in 1997, and registered with the KSE in 2001 with a paid-up capital of KD 65 million, FIC has been active in the field of investments according to Islamic Sharia.


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