Mubasher: Al Bareeq Holding’s net profits leaped by 295.7% in the fiscal year (FY) ended on 31 December 2019, reaching KWD 2.1 million ($7 million) from KWD 553,303 ($1.7 million) in 2018.
The growth in the 2019 earnings is owed to higher dividends and rental income as well as a sale of a subsidiary and investment properties, according to a stock exchange statement on Monday.
By the end of the fourth quarter (Q4), the profits totalled KWD 995,525, up by 189% from 344,618 in Q4-18.
