Arab Today, arab today iib announces distribution of dividends to investors
Last Updated : GMT 01:27:57
Arab Today, arab today
Arab Today, arab today

IIB announces distribution of dividends to investors

Arab Today, arab today

Arab Today, arab today IIB announces distribution of dividends to investors

Manama - Arabstoday

Strong performance in the Tunisian market has enabled International Investment Bank (IIB), an Islamic investment bank based in Bahrain, to announce the distribution of dividends to its investors in IIB Automotive Limited (IAL) for the fifth consecutive year. IAL owns a significant equity stake in ARTES, a listed company on the Tunis Stock Exchange and the exclusive distributor of Renault, Nissan, and Dacia automobiles and their spare parts in Tunisia. Though the Tunisian market faced significant challenges in 2011 caused by the “Arab Spring”, ARTES managed an overall successful year, earning a total revenue of Tunisian Dinars 148.9 million through the sale of 7,500 cars. Revenues in the first half of 2012 reached Tunisian Dinars 94.5 million, a 64.4% increase over the same period in 2011.  This growth is mainly due to the recovering automobile market in Tunis, which has seen the number of Renault and Nissan cars sold rise during the first half of 2012. IIB and its investors acquired an equity stake in ARTES in March 2008, its first investment both in Tunisia and in the car distribution sector.  The ARTES IPO was one of the largest in Tunisia and was oversubscribed by more than ten times.  The company is well positioned within the Tunisian market as it operates debt free, enjoying a strong net cash position, thus allowing it to invest its own resources into development, diversification and growth of its business in Tunisia without resorting to bank financing. According to Aabed Al Zeera, IIB’s Chief Executive Officer and ARTES Board Member, “Last year was a particularly challenging year given the aftermath of the financial crisis, the continuous downturn in the world economy and the Euro Zone predicament which have all adversely affected investors’ confidence. From gulftoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iib announces distribution of dividends to investors Arab Today, arab today iib announces distribution of dividends to investors

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday