Kuwait Projects Co, the country’s biggest privately owned investment firm, expects profit to grow this year as the company seeks acquisition opportunities.
"We feel from the first quarter’s sign that there will be a growth in profit this year compared with last year," vice chairman Faisal Al Ayyar told shareholders Wednesday in Kuwait City.
"We believe acquisitions will contribute more to our profit this year than the exiting of investments." He didn’t provide more details on profit growth.
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