- Injazzat Announcement for the 4th quarter of 2009:
The company announced, on the 25th of March 2010, the financial results as of the end of 2009. The operating revenues stood at KD 11.1m, while expenses decreased to 6.8m in 2009 against KD 8.9m at the end of 2008. The company realized operating profits of KD 4.3m, and with provisions of KD 24.8m the company realized a book loss of KD 20.5m. The Company’s assets totaled KD 170.7m down from KD 203m in 2008. Shareholders’ equity decreased from KD 90.4m in 2008 to KD 60.3m as at the end of 2009. Injazzat Real Estate Development Company held its General Assembly for the year 2009 on Thursday April 29, 2010.