Arab Investment Company recorded $38 million in profits for 2001
The Arab Investment Company recorded $20 million profits in 2001, reported Al-Hayat. The Board of Directors recommended distributing $20 million dividends to stockholders, which is equivalent to five percent of the company’s capital. The Board of Directors also agreed to amend some of the company’s employment and employee articles to suit recent changes in the labor market in the Arab World.
The Arab Investment Company is jointly owned by the governments of 17 Arab states. The value of the company’s paid-up capital stands at $400 million. The company has regional offices in Egypt, Tunisia, Jordan and Bahrain. — (menareport.com)
© 2002 Mena Report (www.menareport.com)