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Kuwait Real Estate Bank Posts Solid Growth In 2000
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Newspaper Article
Kuwait Real Estate Bank Posts Solid Growth In 2000
2001
Overview
Kuwait City - The Kuwait Real Estate bank (KREB) reported a net profit of KD4,297,000 for the fiscal year 2000. The board of directors has recommended the distribution of a cash dividend of 10 per cent which means 10 fils per share. The general body meeting elected the new board, in which 41 per cent of the shareholders out of 81 were present. Tawfek Al- Garabally was elected the new Chairman while Moayed Saleh was elected deputy chairman and managing director. The new board memebrs are: Hamad Al-Thekair, Hamad Bader, Dr Hayder Al-Fommaa Essam Al- Essa, Ali Hazim, Asad Al-Konaiee, the two substitutes are Adnan Al- Moussa and Nidaa Minthouwa. The previous chairman, Al-Hazidi and deputy chairman and managing director Waleed Al-Qattan did not run for election again.
Publisher
Middle East News Online
Subject
