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In a report compiled by Shuaa Capital Company for the September issue of Gulf Business, Investment Dar was recognised as one of the GCC's leading financial investment companies.
"Investment Dar is strengthening its position in the GCC financial market with a 33 per cent growth rate for the second consecutive year. This growth is the result of the company's strategy and vision of board members to diversify its sources of income, expand its project portfolio and generate operational profits amongst all its subsidiary companies across the GCC,"
says Adnan Al Mussalam, Chairman and Managing Director, Kuwait and Investment Dar.
The total assets value grew by 91 percent to USD 3,316.32 million at the end of September 2006 from USD 695.477 million, in 2005. In addition, the total shareholders' equity increased to USD 1,073.65 million from USD 458.489 million in 2005; leading to a growth rate of 134 per cent this year.
In a study published by an economic specialist in Kuwait and the GCC, Investment Dar has been ranked as the first company to have generated the highest revenue on investment; at a rate of 1082 per cent, since 2002.
"The high revenues generated for our shareholders is a result of the company's successful strategy to expand geographically into new markets and industries in the region and worldwide. Investment Dar will continue with this strategy and capitalise on lucrative investment opportunities across the GCC, to maximise growth, profits and returns for shareholders year-on-year" adds Al Mussalam.
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Posted by Anne-Birte Stensgaard, Senior News Editor
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