Jadwa Investment, a leading Saudi Arabian investment firm, announced Saturday its revenue surpassed SR270 million ($72 million) in 2011; a more than 14 percent increase compared with 2010. Net income exceeded SR130 million, an increase of more than 18 percent from 2010, according to a press statement received here on Saturday.
Commenting on the results, Prince Faisal bin Salman, chairman of Jadwa Investment, said: “For the fifth year in a row since founding Jadwa, we have experienced volatile global and regional markets. During 2011, our industry was impacted by several major socio-political and economic events, including ‘Arab Spring’ and the European sovereign debt crisis. In this challenging environment, I am pleased to announce record revenues and profits for 2011. We are particularly delighted that Jadwa has been profitable every year since its founding.”
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