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Al-Othman: Baitok-Saudi Arabia achieves SR19m profit since beginning of year
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sandy
Dec 30, 2012, 6:26:18 AM12/30/12
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CEO of Saudi Kuwait Finance House Abdul Aziz Al-Othman stated that the company achieved profit since beginning of year SR19m after investing in various short and long term investments.
He stressed the strength of the Saudi economy and its numerous opportunities, which reinforce the company's growth potential, not to mention playing a role in increasing positive performance indicators during the coming period.
He added that the company has been recently restructured in collaboration with a foreign consultancy firm that takes into consideration taking advantage of golden opportunities offered by the Saudi economy in several fields. The new strategy also relies on diversifying businesses, which limits risks, and focuses on real fields of economy through taking part in major profitable projects. He mentioned that the company that has a capital of SR 500 million is licensed and managed to recruit competent Saudi employees. The company depends on analyzing rapid developments in the Saudi economy, in order to seize suitable investment opportunities that offer good returns.
He stressed the strength of the Saudi economy and its numerous opportunities, which reinforce the company's growth potential, not to mention playing a role in increasing positive performance indicators during the coming period.
He added that the company has been recently restructured in collaboration with a foreign consultancy firm that takes into consideration taking advantage of golden opportunities offered by the Saudi economy in several fields. The new strategy also relies on diversifying businesses, which limits risks, and focuses on real fields of economy through taking part in major profitable projects. He mentioned that the company that has a capital of SR 500 million is licensed and managed to recruit competent Saudi employees. The company depends on analyzing rapid developments in the Saudi economy, in order to seize suitable investment opportunities that offer good returns.
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