Noor Co. loses KD 24.5 million

12/12/2010 00:00 AST

Noor Financial Investment Company incurred KD 24.5 million worth of losses, 32 fils per share, in the first nine months of 2010, compared to KD 11.9 million, 16 fps, of the same period of 2009.

The company said in a statement on Sunday the total rights of shareholders amounted to KD 84.4 million in the first nine months of the current year, in contrast with approximately KD 131.6 million of the same period of the past year.

Total assets amounted to KD 270.7 million, liabilities KD 187.2 million in the end of the past nine months, compared to KD 187.3 million these months last year.

Noor Co., founded in 1996, was listed in the Kuwait Stock Exchange (KSE) in 2006, with a paid-up capital amounting to KD 75 million.

It is specialized in financial consultations, lending, management of investment funds and portfolios.


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