Inovest BSC 2023 AR2
The report highlights Inovest B.S.C's financial and sustainability performance for the fiscal year 2023. The company achieved a net profit of USD 4.634 million, representing a 402% increase from 2022, primarily driven by a successful investment exit in Saudi Arabia. On the ESG front, Inovest advanced its environmental initiatives by expanding its stake in a wood-plastic composite manufacturer to reduce carbon footprints and deforestation. Additionally, the company supported social development through university scholarships and children's healthcare initiatives, while maintaining robust corporate governance with a majority-independent Board of Directors.
Company: Inovest BSC
Sector: Real Estate
Country: Bahrain
Year: 2023
Type: AR2
Pages: 72
Inovest BSC
Annual Report
The report highlights Inovest B.S.C's financial and sustainability performance for the fiscal year 2023. The company achieved a net profit of USD 4.634 million, representing a 402% increase from 2022, primarily driven by a successful investment exit in Saudi Arabia. On the ESG front, Inovest advanced its environmental initiatives by expanding its stake in a wood-plastic composite manufacturer to reduce carbon footprints and deforestation. Additionally, the company supported social development through university scholarships and children's healthcare initiatives, while maintaining robust corporate governance with a majority-independent Board of Directors.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Employees