Bank of the Year 2012: Gulf Bank of Kuwait
Gulf Bank of Kuwait, the second largest bank in Kuwait, wins the Bank of the Year 2012 award from The Banker.
imported 2024-03-17 17:43:07
Gulf Bank of Kuwait, the second largest bank in Kuwait, wins the Bank of the Year 2012 award from The Banker.
Fitch Ratings affirms Batelco Group’s investment grade and also highlights its robust free cash flow (FCF) and pre-dividend FCF generation levels.
AREF Energy has recently invested almost USD 19 million into Al-Taqa Fund, which is managed by Kerogen Capital.
Gulf Bank has reinforced its already strong relationship with Al-Sayer Group for Toyota promotions.
Business and financial outlook for Batelco Group for the last quarter of 2012 and 2013.
Gulf Bank Highlights: Operating profit of KD 91.1M, representing a 11% increase over the previous year. Net Profit of KD 22.4M, against KD 27.4M in the previous year. Precautionary general provisions up by KD 46M to KD 136M.
Batelco seeks enforcement of settlement agreement with Siva Limited.
Batelco keeps its position of a telecom market leader in Bahrain and thus contributes to the telecom market innovation.
Overview of Batelco Group’s overseas operations during the third quarter of 2012. Contributing to overall Group subscriber growth was healthy performance throughout the period from key subsidiaries…
“For us, one strong measure of success has been the growth … in our subscriber base since the start of the year. We’ve seen a 12% growth in customer numbers …, bringing us to 7.4 million users across Batelco Group.”