News Column

Tamdeen Group posts operating profit of KD 8 mln

June 24, 2014



KUWAIT, June 23 (KUNA) -- Tamdeen Group announced, on Monday, operating profit of more than KD 8 million in 2013, an increase of 11 fils per share.

The real estate company was able to lower funding cost by 23 percent compared to that of 2012, Thamdeen Chairman Meshal Jassim Al-Marzouq said before the Group's General Assembly.

He added that the positive gain of this year's profit, despite some commercial hindrances, enabled the group to distribute a cash dividend of 8 fils per share and bonus shares of 5 percent for the fiscal year of 2013.

Tamdeen Group was originally established in 1982 and was listed on the Kuwait Stock Exchange in 1995 with a capital of KD 37 million. (end) smr.nfm

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Source: Kuwait News Agency


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