Oct 02 2011 |
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TAIC 8-month net profits hit USD 22 mln
RIYADH, Oct 2 (KUNA) -- The Arab Investment Company ( TAIC ), a pan-Arab joint-stock company, announced its net profits topped USD 22 million between January 1 and August 31, 2011. The 162nd meeting of TAIC 's board of directors, held in Dubai, the United Arab Emirates, yesterday, reviewed the major projects being developed by the company and the financial position of the company in general, according to a press release issued here Sunday. The company was able to make the generally satisfactory financial results despite the impacts of the political and economic stabilities in some Arab countries on its investments. The company has investments in 36 projects distributed in a balanced way in the industrial, agricultural, banking and service sectors in 13 Arab countries, the statement pointed out.Zawya Comment Policy
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