Kuwait Investment Company attains 9.6m net profits in 2013

Kuwait Investment Company (KIC) announced on Saturday attaining a net profit of KD 9.6 million in 2013, with an increase by 227 percent from previous year, earnings per share (EPS) of 17.52 fils compared to around 5.35 fils for 2012 share, reaching total assets of KD 269.3 million from, with an increase from 2012 by 2.04 fils. During 2013, the company had finished laying new strategies for the next five years concerning direct investments and asset management in all sectors, Ahmad Al-Omar, KIC's Chairman of the Board said in a press statement. Al-Omar noted that KIC's new strategies include diversifying sources of income, restructuring investments, creating job vacancies, and implementing the governance's rules and regulations issued by the capital markets, which positively reflected on the company's profits.