Khazanah-linked Jadwa Investment declares 15% higher dividend

Jadwa Investment, linked with Malaysian governments investment arm Khazanah Nasional Berhad, has declared 15 % higher dividend of RM1.26 a share.

The investment group posted an 18 per cent increase in net income of more than RM109 million last year.

Its revenue surpassed RM227 million or more than 14 per cent increase than in 2010 while shareholders' equity has grown to RM1.1 billion, touching RM19.60 per share, reports Bernama.

Chairman Prince Faisal Salman said the recommendation for higher dividend reflected the Saudi Arabian investment firm's commitment to provide returns to shareholders.

"We thank our shareholders for their commitment to Jadwa Investment and are delighted to share the positive results today," he said.

"Last year was a validation of our decision to focus on creating investment opportunities for our clients in real economic assets, primarily in Saudi Arabia," said Jadwa Investment managing director and chief executive officer Ahmed Al-Khateeb., 

"Our business lines, namely asset management, investment banking and proprietary investment are performing well and offer a balanced and compelling full service portfolio of financial services," he said.

He thanked international shareholder, Khazanah, for its support since acquiring 10 per cent stake in Jadwa in 2008.

"Its many contributions to business development and as an active board member has been a key enabler to our success," he added.