Mubasher: Arzan Financial Group for Financing and Investment achieved a growth of 29.5% in the first quarter of 2018 compared to the same period in the previous fiscal year.

Earnings increased to about KWD 787,340 ($2.61 million) in Q1-18 from around KWD 608,240 ($2.02 million) in Q1-17, according to a bourse statement on Wednesday.

It is noteworthy that in FY17, Arzan registered a surge of 159% in profits to KWD 1.74 million compared to about KWD 671,420 in FY16.