Kuwait Hotels Co (KHC), an affiliate of Kuwait Projects Company (KIPCO), has posted KD2.1m in net profits during 2009, up 90% over the year before, Kuna has reported. KHC's chairman, Sheikh Fadhel Khaled Al-Sabah, said the company will distribute 10% dividends and 5% bonus share, pending the general assembly's approval. Al-Sabah also said the firm will carry out its restructuring scheme based on diversifying its investments in the hospitality sector in North Africa and the GCC countries.
You might also like...
Boycotts are a boon for local brands
03 May 2024
EU announces €1bn in aid for Lebanon
03 May 2024
Aramco and China deepen petrochemical relations
03 May 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.