KUWAIT CITY, March 13: Capital Markets Authority approved Kuwait Finance and Investment Company (KFIC) annual financial statements of the company for the year ending Dec 31, 2012, dated March 12, 2013.
Particulars     Dec 31,’12    Dec 31, ’11
Profit (Loss) (KD)     11,781,092    (7,888,738)
Earnings per share (fils)     46.81      (81.37)
Total current assets     49,948,903     48,310,027
Total assets     76,599,461    80,693,266
Total current liabilities     11,316,800    84,805,279
Total liabilities     40,222,271    122,333,064
Total shareholders’ equity     33,142,339    (44,630,594)
The total revenue from transactions with related parties is worth KD 448,337 and total expenses from transactions with related parties amounts to KD 1,196,455.
The Board recommended not to distribute dividends 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 board approved Al-Bareeq Holding Company’s (Bareeq) annual financial statements of the company for the year ending Dec 31, 2012, dated March 12, 2013.
Particulars     Dec 31,’12    Dec 31, ’11
Profit (Loss) (KD)     (109,758)    (463,691)
Earnings per share (fils)     (0.91)    (3.86)
Total current assets     641,094    711,300
Total assets     8,339,066    7,569,676
Total current liabilities     133,438    148,229
Total liabilities     168,776    182,056
Total shareholders’ equity     8,170,290    7,387,620
The total expenses from transactions with related parties amounts to KD 61,384.
The Board recommended not to distribute dividends for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.
 

Board approved United Projects Group Company’s (UPAC) annual financial statements of the company for the year ending Dec 31, 2012, dated March 12, 2013.
Particulars     Dec 31,’12    Dec 31, ’11
Profit (Loss) (KD)     7,397,169    2,273,316
Earnings per share (fils)     93.85    28.85
Total current assets     18,673,194    14,567,339
Total assets     46,097,671    41,970,557
Total current liabilities     6,925,263    6,550,925
Total liabilities     7,289,483    7,809,572
Total shareholders’ equity     36,163,562    31,386,061
The Board recommended distributing cash dividends of 197% of the nominal value of the shares 197 fils per share for the fiscal year ending Dec 31, 2012. The source of distributions will be from the company’s profits plus retained earnings. Note that these recommendations are subject to approval by the shareholders and the competent authorities.
 

Board of Directors of Kuwait Syrian Holding Company (KSHC) met on March 12, 2013 and approved the annual financial statements of the company for the year ending Dec 31, 2012.
Particulars     Dec 31,’12    Dec 31, ’11
Profit (Loss) (KD)     (4,900,632)    (2,265,695)
Earnings per share (fils)     (16.34)    (7.55)
Total current assets     10,795,285    12,556,041
Total assets     38,832,112    47,353,476
Total current liabilities     3,126,092      4,281,995
Total liabilities     9,972,728    1,0372,772
Total shareholders’ equity     20,555,988    27,191,163
The total expenses from transactions with related parties amounts to KD 12,804 and total revenue is worth KD (29,154).
The Board recommended not to distribute dividends for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.
 

Gulf Franchising Holding Company’s (GFHC) board of directors met on March 12, 2013 and approved the annual financial statements of the company for the year ending Dec 31, 2012.
Particulars     Dec 31,’12    Dec 31, ’11
Profit (Loss) (KD)     (219,612)    (1,538,458)
Earnings per share (fils)     (6.77)    (47.44)
Total current assets     2,824,997    3,205,179
Total assets     5,197,554    5,898,264
Total current liabilities     1,607,496    1,570,849
Total liabilities     2,167,348    2,655,162
Total shareholders’ equity     3,030,206      3,243,102
The total expenses from transactions with related parties amounts to KD 124,962. The Board recommended not to distribute dividends for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.