Press Releases

29 October 2018

Financial Results of 3rd quarter 2018

29/10/2018

 

Press Release on the Outcomes of the SIIL Board of Directors Meeting Held on 29/10/2018

 

The Board of Directors (BOD) of Salam International Investment Limited (SIIL) held its meeting on Monday 29/10/2018.

 

The BOD approved the consolidated 3rd quarter financial statements for the period ending 30/09/2018.

That showed a net loss of QR 28,989,479, attributable to the owners of the company. This compares to a net loss of QR 3,764,445 attained during the same period in 2017.

Consequently; losses per share reached QR 0.25 in the 3rd quarter of 2018 compared to a loss per share of QR 0.03 for the same period in 2017.

 

The consolidated financial statements shall be published in the local newspapers within the next few days.

 

Moreover, the BOD studied potential investment opportunities in addition to following up on the implementation of previous resolutions, continued evaluations of the company’s current projects and execution of the subsidiaries and business units’ plans.           

 

 

Dr. Adnan Steitieh

Advisor & Secretary to the Board of Directors

 

 

Note: this text has been translated from its original Arabic equivalent which remains the official version.