Nuaimi added that the Board of Directors also held its 1st meeting for 2010 on Saturday, April 10. It considered matters related to the Corporation's investment and financing activities during the 1st quarter of the 2010, which disclosed that the Corporation's net income rose to US$ 41.1 million for the period, compared to US$ 16.9 million for the same period of 2009, or 245% increase. Total shareholders' equity also rose to US$ 1.053 million, compared to US$ 1,001 million for the same period last year. Members of the General Assembly, Chairman and member of the Board of Directors and the General Manager of APICORP expressed their thanks and appreciations to the Kingdom of Saudi Arabia for the cordial reception and generous hospitality extended to them during their meeting in Jeddah.
