IFA Hotels And Resorts Profits Reach $108 Million
Published by Irhal
IFA Hotels and Resorts (IFA HR), based in Kuwait, yesterday announced their year end profits were $108 million or 77.75 fils per share (27cents per share). Total revenues were $184.67 million. The company’s chairman, Ebrahim S. Al Therban expressed satisfaction with the results. He noted this year has been very challenging but “we believe there are still many opportunities for us as a company to explore in…
IFA HR is majority shareholder in Yotel, a hotel company in the Middle East. The company is partnering with Abu Dhabi International Hotels to introduce two new Yotels in Abu Dhabi. IFA HR also began a new leasing program in Golden Mile, the Palm Jumeirah project for residents in Dubai.
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