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Sovereign Wealth Funds Briefing - Categorized | Performance

GCC investment agency posts $91m net profits in 2009

Posted on 29 March 2010

From Peopledaily.com.cn: An investment agency owned by the Gulf Cooperation Council (GCC) said Saturday its net profits in 2009 stood at 91 million US dollars.

The Gulf Investment Corporation (GIC) said in a statement its shareholders equity totalled 1.75 billion dollars at the end of 2009, seeing an increase of 1.1 billion dollars over 2008, despite that the global financial market was ravaged by a spreading turmoil………………………………..Full Article: Source

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