Al-Safat Companies Moves to their New Headquarters
Al-Safat Investment Company has moved to their new offices at Al-Safat Group Headquarters building at the following address:
Hawalli, Beirut Street
Facing Qadisiah Club, Safat Tower, 13, 14,15 Floor
Telephone: 2267 5130 Operator: 1 877 777
Fax: 2267 5232 |
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Al-Safat: A Profit of KD 4.25 million from a Divestment
A subsidiary of Al-Safat Investment Company (Safat) has divested 100% of its investment in a project in the People's Republic of China, thereby achieving a profit of KD 4.25 million. This deal will reflect favorably on Al-Safat Investment Company’s financials, reflecting the 100% divestment and a profit of 5.5 Fils approximately per share. The profits will be seen in the company's financial statements for the second quarter ending 30 June, 2010. |
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KD 1.2 million Profits for the First Quarter
Walid Ahmed Al-Sharhan, the Chairman and Managing Director of Al-Safat Investment Company has announced that for the first quarter of 2010 the company achieved a net profit of KD 1.23 million , representing 1.6 Fils per share compared to a loss of KD 1.960 million during the same period of 2009 (2.54 Fils per share). During the quarter ended 31 March 2010 total revenues amounted to KD 3.1 million from operating activities.
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