(MENAFN- Kuwait News Agency (KUNA)) The Global Investment House (Global) posted net profits of KD 6.5 million (USD 21.4 million) in 2014, compared to KD 1.9 million (USD 6.2 million) in 2013.
The Global approved a recommendation by its Board of Directors to distribute 5 percent cash bonus of the capital for the financial year which ended in 2014.
The company's performance for 2004 has been considered the finest since 2009, despite regional turmoil, a large drop in the GCC financial markets as a result of a severe drop in crude oil prices in the second half of 2014.
The Global's total revenues grew by 72 percent to KD 22 million (USD 72.5 million), said Vice Chairman & Group Chief Executive Officer Maha Al-Ghunaim in a statement.
The Global Investment House (Global) is a regional investment company headquartered in Kuwait offering its clients integrated investment solutions in brokerage, asset management and investment banking services and complemented by its renowned research capabilities.
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