Home / Investcorp net rises 20% year on year

Investcorp net rises 20% year on year

The Bahrain-based investment bank reported net profit of $90.1 million for the year ended June 30, 2004.

Investcorp has posted net profit of $90.1 million for the year ended June 30, 2004, a rise of 20% year on year. Total assets on June 30, 2004 stood at $4.1 billion.

“It has been a year of many achievements, and these results are evidence of the strength of our business model and of our franchise in the Gulf,” said Nemir A. Kirdar, Investcorp’s president and chief executive officer.

“We now have four strong and complementary lines of business that enable us to meet our clients’ demands to invest in a range of alternative assets, all of which meet the high quality standards they expect from the Investcorp brand.”

Those four lines of business are real estate, asset management, technology and private equity.

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