Kuwait’s Al-Ahleia posts rise in Q1 income

May 14, 2014 2:07 am

Kuwaiti insurer Al-Ahleia has said its net profits for the first quarter of 2014 rose to KD3.3m ($11.7m) from KD2.43m ($8.6m) for the same period a year earlier, Kuna has reported. Total assets amounted to KD164m ($582.7m), while liabilities reached KD67m for the same period, it added. Shareholders’ total equity stood at KD97m ($344.6m) for the three months ending in March, against KD90m ($319.8m) in the same period of 2013, the company said.