Monday, Oct 26, 2009
Gulf News
Dubai Gulf Holding Company (GHC) has appointed CapCorp Investment Company as a consultant for the listing of its shares on the Kuwait Stock Exchange.
The company was incorporated in November 2005 with a capital of 70 million Kuwaiti dinars (Dh904 million), which was subsequently raised to 77 million in 2007.
Its real estate investment portfolio has grown to $2 billion (Dh7.2 billion) in the short span of a few years.
GHC recently announced a net profit of 5.78 million dinars for the financial year 2008, with earnings per share of 7.51 fils, shareholder's equity of 96.10 million and total assets of 185 million. The company declared a 10 per cent dividend, which will be distributed as bonus shares on approval by the board of directors.
Ahmad Al Ameer, Vice-Chairman and Chief Executive Officer, GHC said: "Listing GHC on the Kuwait Stock Exchange is part of our strategic plan and our decision to appoint CapCorp as a consultant is based on the firm's in-depth knowledge of the stock market, the efficiency of its executive staff in local and regional securities markets, and the successful subscription and IPO launch operations it has undertaken for different industries in the region."
6m
net profit in Kuwaiti dinars in 2008
185m
total value of company's assets
Staff Report
Gulf News 2009. All rights reserved.
