Kuwait- Al Ahlia Co. earns KD 11.1 million
Date
2/18/2016 4:21:38 AM
(MENAFN- Kuwait News Agency (KUNA)) KUWAIT Feb 18 (KUNA) -- Al-Ahlia Insurance Company has reported a net profit of KD 11.1 million for the fiscal year ending on December 31st 2015; 57 fils per share compared to KD 8.52 million for the same period of 2014.Al-Ahlia Board of Directors recommended distribution of 35 percent of dividends to shareholders for the fiscal year that ended in December 2015 the company said in a statement released on Thursday.Total shareholders' equity amounted to KD 102.9 million in end of 2015 compared to KD 97.9 million in end of 2014. Total assets amounted to about KD 243 million versus liabilities amounting to KD 136.5 million in 2015.The company founded in 1962 was listed in Kuwait Stock Exchange (KSE) in 1984 with a capital of KD 20 million dinars.It is involved in insurance activities of various kinds including reinsurance. (USD=KD 0.298). (end) fh.ha
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