Press Releases

30 September 2008

Financial Results of 3rd quarter 2008

The interim consolidated financial statements ended on 30/09/2008 showed a net profit around QR 128.4 million compared to the net profit of the 3rd quarter in 2007 of around QR 70.5 million. This clearly shows a growth of 82.1% compared to the achieved net profit as of 30/9/2007. Consequently, basic and diluted earnings per share increased from QR 0.76 to QR 1.38, i.e. by 81.6% for the same period.

In addition, total shareholders equity increased from around QR 1266 million to around QR 1466 million as at 30/9/2008, which represents an increase by 15.8% for the same period.