By: Mohamad Farouk

Mubasher: Kuwait Investment is expected to achieve a growth of 352.3% in profits during the fiscal year 2017 compared to the same period last year, capital market analyst Ahmad Jassim Al Qamr told Mubasher.

Earnings are forecast to surge to KWD 18 million in FY17 from KWD 3.98 million in FY16, the analyst added.

Kuwait Investment is projected to distribute 15% of capital as cash dividends for FY17, compared to 7% cash dividends paid for FY16, Al Qamr said.

In the first nine months of 2017, Kuwait Investment reported a leap of 735.1% in profits to KWD 16.2 million compared to KWD 1.94 million in the first nine months of 2016.