Arab Today, arab today apicorp’s net profit rises 11 to 1054m
Last Updated : GMT 12:34:44
Arab Today, arab today
Arab Today, arab today

Apicorp’s net profit rises 11% to $105.4M

Arab Today, arab today

Arab Today, arab today Apicorp’s net profit rises 11% to $105.4M

Dubai - Arabstoday

Arab Petroleum Investments Corporation (Apicorp) underscored its rising presence in a challenging regional banking environment by announcing its annual net profit of $105.4 million for year 2011 - the highest net profit in its 36 year history. The results surpassed Apicorp’s 2010 record profit of US$95 million by 11 per cent. The multilateral development bank, founded in 1975 by the ten members of the Organisation of Arab Petroleum Exporting Countries (Oapec), also announced total assets of $4.6 billion for 2011, a rise of 7 per cent from its corresponding 2010 figure. The government of UAE owns a 17 per cent stake in Apicorp. Apicorp’s General Assembly met in Cairo on April 8, where it thanked the Board and appraised the achievements of the Executive Management and discussed Apicorp’s key achievements in 2011, which included Apicorp’s continued portfolio diversification, the success of its strategic divestment for re-investment plan, the expansion of its funding mix, and the acquisition of secondary market loan assets. “Apicorp’s success in balancing proactive business expansion with conservative fiscal management has helped it effectively navigate through credit crunch of 2011,” said Ahmad Bin Hamad Al Nuaimi, Chief Executive and General Manager of Apicorp.

arabstoday
arabstoday

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 apicorp’s net profit rises 11 to 1054m Arab Today, arab today apicorp’s net profit rises 11 to 1054m

 



Arab Today, arab today

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 apicorp’s net profit rises 11 to 1054m Arab Today, arab today apicorp’s net profit rises 11 to 1054m

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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