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Al Rashoud ... healthy profits.

Bloominvest Saudi profit surges 16pc to $9.5m

RIYADH, March 1, 2015

Bloominvest Saudi Arabia, a leading investment company, has recorded a SR36 million ($9.59 million) net profit in fiscal year that ending 2014, marking an increase of 16% compared to the same period in 2013.

Abdullah Al Rashoud, CEO of Bloominvest Saudi Arabia, said: "These results are certainly attributed to increasing the assets under management, reducing costs, restructuring some departments and focusing on profitable activities.”

Al Rashoud noted that the value of company projects had increased to over SR7 billion in 2014 from nearly SR3 billion in 2013. He also disclosed that in the course of the current year, the company is scheduled to establish five new investment funds with a total value of more than SR3 billion.
 
Bloominvest Saudi Arabia provides a broad range of diversified financial services including initial public offerings, listing in the stock market, mergers and acquisitions and financing, among others.- TradeArabia News Service




Tags: profit | 2014 |

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