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(MENAFN - Gulf Times) Gulf International Services (GIS) the holding entity of Gulf Drilling International, Gulf Helicopters, Al Koot and Amwaj has reported revenues of QR3bn for 2020, mainly contributed by aviation and insurance segments.
The group has recommended deploying the retained funds to capture the present and future opportunities; implying no dividend for 2020.
The overall revenue growth was underpinned by growth in revenue in the aviation segment on strong operational performance due to expansion strategy, specifically in the global markets, growth within the domestic fleet and MRO (maintenance, repair and overhaul) business.
Similarly, the insurance segment continued on its positive trajectory, building on premiums on aggressive market expansion and successful contract renewals coupled with favourable pricing terms. ....

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