Riyadh-Mubasher: Alkhabeer Capital, a company specialised in asset management and advisory services, posted net income of SAR 67.15 million for 2015, rising 17% compared with a year earlier.
Assets under management increased 21% to more than SAR 4 billion in 2015.
The board recommended 5% cash dividends, pending the approval of the general meeting which will be held on 12 May 2016.
Chairman Musaad Aldrees said his company managed to record several achievements last year despite the several challenges facing the national and regional economies such as falling oil prices and geopolitical turmoil.
“The achievements included strategic acquisitions and successful divestitures, which reflect our commitment to record returns on investments,” Aldrees said.
