ifa hotels & resorts achieves profits of us$ 108 million.Summary: IFA Immunofluorescent assay (IFA)
A blood test sometimes used to confirm ELISA results instead of using the Western blotting. In an IFA test, HIV antigen is mixed with a fluorescent compound and then with a sample of the patient's blood. Hotels & Resorts (IFA HR) today announced the company's year end profits of KD 30.85 million (US$ 108 million), which is 77.75 fils per share (27 cents per share Cents per share
The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. ), with revenues totalling KD 52.8 million (US$ 184.67 million).
IFA Hotels & Resorts (IFA HR) today announced the company's year end profits of KD 30.85 million (US$ 108 million), which is 77.75 fils per share (27 cents per share), with revenues totalling KD 52.8 million (US$ 184.67 million). Shareholders' equity Shareholders' Equity
A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. increased to KD 101.4 million (US$ 354.6 million), an increase of 50% compared to the same period last year. The company's total assets also increased to KD 338.26 million compared to KD 277.88 million for 2008. The board of directors also announced to its shareholders share dividends of 10 % bonus shares for this period.
Ibrahim S. Al-Therban, Chairman of IFA HR, stated: "2009 was no doubt a challenging year for many companies around the world. We are very happy with our profits during these times. We believe there are still many opportunities for us as a company to explore in order to continue growing in the coming years."
"Our diversification and commitment to developing superior and differentiated international projects is the key to our continued success. We have focused on maintaining lucrative businesses in our existing markets and delivering quality products to our customers," added Talal Jassim Al-Bahar, Vice Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IFA HR.
In the Middle East, YOTEL, a hotel company in which IFA HR is the majority shareholder, announced the introduction of two YOTELs in Abu Dhabi Abu Dhabi (ä`b thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. , in collaboration with Abu Dhabi National Hotels. Shortly after, IFA HR initiated a new leasing programme in its Golden Mile, Palm Jumeirah
The Palm Jumeirah is an artificial island created using land reclamation by Nakheel, a company owned by the Dubai government. project to residents in Dubai, who started moving into their homes towards the end of the year when IFA HR started handing over the residences to owners. The company opened its first restaurant and leisure facilities in Dubai with Gusto restaurant and the Al Shalal Beach Club located in The Palm Residence on Palm Jumeirah.
During November 2008, IFA HR consolidated its portfolio with joint investment partner Kingdom Hotel Investments (KHI khi
Variant of chi1. ) by taking majority ownership in two projects -- Fairmont Palm Jumeirah in Dubai and the Fairmont Zanzibar hotel. In return, IFA HR transferred its minority interests in five hotels in Kenya to KHI.
Continuing in Africa and the Indian Ocean Indian Ocean, third largest ocean, c.28,350,000 sq mi (73,427,000 sq km), extending from S Asia to Antarctica and from E Africa to SE Australia; it is c.4,000 mi (6,400 km) wide at the equator. It constitutes about 20% of the world's total ocean area. region, IFA HR launched two significant projects in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. -- the Zimbali Lakes Resort and the Zimbali Office Estate. The US$ 685 million Zimbali Lakes Resort development comprises 2.73 million square metres and is designed to feature over 1,000 residences with shopping and retail areas, restaurants, entertainment facilities, offices and hotels; this addition to the greater Zimbali area is set to extend the development lifespan of Zimbali for a further 15 years. The Zimbali Office Estate will be a high end AAA AAA: see American Automobile Association.
(Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. grade office estate, the first of its kind in the area. The company further strengthened its interested in South Africa by acquiring an additional 5.25% in Boschendal Limited, increasing its stake to 37.33%.
As for Asia, the IFA Yacht Ownership Club expanded its operations by adding a home port in Phuket. Raimon Land, the Thai luxury condominium condominium
In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. and real estate Development Company in which IFA HR is a shareholder, continued developing its properties in Bangkok, Phuket and Pattaya and recently handed over The Heights Phuket residences to its customers.
The international YOTEL group opened its third hotel at the start of the year in Amsterdam's Schiphol airport, the company's first presence in The Netherlands. Soon after, YOTEL received the "Business Accommodation of the Year" award during the Business Travel World Awards 2009 held in London. IFA HR also received a prestigious award at the 2008 World Travel Awards ceremony held in Dubai for being the "Leading Middle Eastern Overseas Developer". Zimbali Coastal Resort in South Africa was recently awarded a "Top Business Award for Tourism" in Kwazulu Natal Natal, city, Brazil
Natal (nətäl`), city (1991 pop. 606,887), capital of Rio Grande do Norte state, NE Brazil, just above the mouth of the Potengi River. for its continuous tourism related development efforts.
Al-Bahar concluded: "The year ahead is critical as we will open and hand over many residences and resorts in Dubai, Lebanon, Thailand and South Africa. We will also be introducing new investment and lifestyle products to the market and will continue working towards maximising our shareholders' returns." 2009 Al Bawaba (www.albawaba.com)
2009 Al Bawaba (Albawaba.com)
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