The Kuwaiti Insurance firm has posted profits of approximately $98.17 million for the first half of the current year, according to Al-Sharq Al-Awsat daily.
In contrast, during the corresponding period last year, the company reported revenues of $57.1 million.
Muhammad Salah Bahbani, Chairman of the Board of the company, stated that these profits are attributed to intense efforts made by the company to attract investments.
The insurance field is considered extremely competitive in Kuwait. –(MENA Report)
© 2001 Mena Report (www.menareport.com)
