KUWAIT CITY, Feb 27: Board of Directors of Al-Shamel International Holding Company (Al-Shamel) met on Feb 12, 2013 and adopted the annual financial statements of the company for the year ending Dec 31, 2012.
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     1,137,707    1,200,680
Earnings per share (fils)     16.9    17.9
Total current assets     11,164,921    12,818,676
Total assets     12,042,617    14,003,188
Total current liabilities     1,881,802    4,051,122
Total liabilities     2,451,665    4,579,917
Total shareholders’ equity     9,590,952    9,432,271
The Board of Directors of the company recommended cash dividends of 14.88% of the nominal value of the shares 14.88 fils per share for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.

Kuwait Stock Exchange announced that the Capital Markets Authority approved Amar Finance and Leasing Company’s (Amar) annual financial statements of the company for the year ending Dec 31, 2012, dated Feb 21, 2013.
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     (217,040)    (181,434)
Earnings per share (fils)     (1.1)    (0.9)
Total current assets     12,022,999    8,465,839
Total assets     26,395,657    28,385,608
Total current liabilities     4,519,985    5,060,194
Total liabilities     5,392,637    7,207,746
Total shareholders’ equity     21,003,020    21,177,862
Total revenue from transactions is worth KD 1106,131. 
The Board of Directors of the company not to distribute profits for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.

Kuwait Stock Exchange (KSE) announced that the board of the Egypt Kuwait Holding Company (EKHC) met on Feb 26, 2013, and adopted the annual financial statements of the company for the year ending Dec 31, 2012. 
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (USD)    67,173,172    134,860,469
Earnings per share (USD)    8.00    16.07
Profit (Loss) (KD)    18,926,041    37,632,814
Earnings per share (fils)     22.54    44.84
Total current assets (USD)    981,490,355    566,096,762
Total current assets  (KD)    276,534,908    157,969,301
Total assets (USD)    2,280,181,896,    1,745,330,184
Total assets  (KD)    642,441,249    487,034,388
Total current liabilities  (USD)    765,421,623    466,209,187
Total current liabilities (KD)    215,657,542    130,095,674
Total liabilities (USD)    1,018,723,344    749,657,085
Total liabilities (KD)    287,025,302    209,191,810
Total shareholders’
equity (USD)    727,045,793    749,195,683
Total shareholders’
equity (KD)    204,845,152    209,063,055
Total expenses from transactions with related parties amounts to KD 140.9 thousand.
The Board of Directors of the company recommended cash dividends of 10% of the nominal value of the shares 2.5 US cents per share with a nominal value of 25 U.S. cents for the year ending Dec 31, 2012 to shareholders registered in the company’s records.
Note that these recommendations are subject to approval by the shareholders and the competent authorities.

Board of the Fujairah Cement Industries Company (Fujairah) met on Feb 21, 2013, and adopted the annual financial statements of the company for the year ending Dec 31, 2012. 
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (AED)    35,160,533    (70,252,671)
Earnings per share (AED)    9.9    (20)
Profit (Loss) (KD)    2,696,277    (5,330,248)
Earnings per share (fils)     7.6    (15.2)
Total current assets
(AED)    475,999,495    441,807,080
Total current assets    
(KD)    36,501,909    33,521,023
Total assets (AED)    1,778,007,732   
1,791,546,298
Total assets  (KD)    136,346,104    135,929,158
Total current liabilities 
(AED)    460,108,206    572,315,343
Total current liabilities (KD)
    35,283,289    43,423,015
Total liabilities (AED)    840,020,290    888,908,389
Total liabilities (KD)    64,431,252    67,443,732
Total shareholders’ equity
(AED)    937,798,442    902,637,909
Total shareholders’
equity (KD)    71,914,852    68,485,425
Total revenue from transactions with related parties is worth KD 353,840.
The Board of Directors of the company recommended not to distribute dividends for the year ending Dec 31, 2013. Note that these recommendations are subject to approval by the shareholders and the competent authorities.

Board of Directors of Kuwait Cable Vision Company met on Feb 21, 2013 and adopted the annual financial statements of the company for the year ending Dec 31, 2012.
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     (347,474)    (1,297,250)
Earnings per share (fils)     (3.64)    (13.57)
Total current assets     1,050,249    1,492,476
Total assets     1,975,129      2,522,539
Total current liabilities     610,037    800,391
Total liabilities     730,370    905,468
Total shareholders’ equity     1,244,759    1,617,071
Total expenses from transactions amounts to KD 60,000. 
The Board of Directors of the company not to distribute profits for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.