Gulf Investment’s 2009 profits reach $91m
28 Mar 2010
(MENAFN) The Chief Executive Officer at the Gulf Investment Co. said that the company’s profits reached $91 million last year, as the company’s budget stood at $6.1 billion, Kuna reported.
The CEO underscored the company’s ability last year to adapt to the global economic downturn and emerge virtually unscathed.
The shaky investment environment in world markets last year has prompted the company to focus on reducing risk portfolios while shifting the bulk of its investments closer to home, namely in the GCC markets, but not neglecting investments in revenue-generating overseas markets, he said.
Founded in 1983, Gulf Investment Co. is a leading regional investment house whose ownership is jointly and proportionately spread among all of the six GCC states.
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