The Arab Petroleum Investment Corp (Apicorp) said its 2010 net profit jumped by 62 per cent, as the lender looks to double its direct investment portfolio by the end of 2014.
Apicorp's profit surged to $95 million from $58.5 million in 2009, it said in an email statement on Monday.
Its total shareholders' equity also rose by 13 percent to reach $1.1 billion.
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