By: Mohamad Farouk

Mubasher: Noor Financial Investment is expected to achieved a leap of 721.4% in profits to KWD 23 million during fiscal year of 2018 when compared to the previous fiscal year, capital market analyst Ahmad Jassim Al Qamr told Mubasher.

The analyst also projected Noor’s board to recommend zero dividends for the fiscal year ending on 31 December, the same dividend proposal for FY17.

In FY17, Noor reported an increase of 146.1% in profits to KWD 2.8 million from KWD 1.2 million in FY16.

During the first nine months of 2018, Noor recorded a surge of 86.9% in earnings to KWD 8.56 million from KWD 4.58 million in the same period in 2017.