KUWAIT CITY, March 21: Capital Markets Authority approved Bayan Investment Company (Bayan) annual financial statements of the company for the year ending Dec 31, 2012, dated March 19, 2013.
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     (6,316,900)    (5,367,284)
Earnings per share (fils)     (17.64)    (15.02)
Total current assets     19,801,434    21,692,088
Total assets     115,249,002    119,836,372
Total current liabilities     36,906,058    39,981,681
Total liabilities     67,275,446    67,672,190
Total shareholders’ equity     32,973,669    36,727,096
Total revenue from transactions with related parties is worth KD 36,916 and total expenses from transactions with related parties amounts to KD 86,148.
The Board recommended 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.

National Consumer Holding Company’s (NCCI) Board of Directors met on March 21, 2013 and annual financial statements for the year ending Dec 31, 2012.
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     (52,651)    (1,662,653)
Earnings per share (fils)     (0.59)    (18.47)
Total current assets     4,632,520    4,533,488
Total assets     7,612,940    7,569,513
Total current liabilities     465,092    374,470
Total liabilities     511,887    420,252
Total shareholders’ equity     7,101,053      7,149,261
The Board recommended 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.

Board of Directors of Taiba Kuwaiti Holding Co. (Taiba) met on March 21, 2013 and annual financial statements of the company for the year ending Dec 31, 2012.
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     3,758,479    1,268,158
Earnings per share (fils)     20.9    7
Total current assets     8,872,935    6,945,860
Total assets     21,987,443    19,933,405
Total current liabilities     239,093    2,086,355
Total liabilities     256,881    2,088,377
Total shareholders’ equity     21,730,562    17,845,028
Total revenue from transactions with related parties is worth KD 102,849 and total expenses amounts to KD 63,688.
The Board recommended 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 announced that the Board of Directors of Ekttitab Holding Company (Ekttitab) met on March 20, 2013 and annual financial statements of the company for the year ending Dec 31, 2012.
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     945,151    (2,924,175)
Earnings per share (fils)     4.15    (12.9)
Total current assets     29,498,460    27,010,991
Total assets     30,840,309    29,227,991
Total current liabilities     7,494,441    7,610,440
Total liabilities     7,506,780    7,636,941
Total shareholders’ equity     23,242,846    21,591,050
The Board recommended 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.

Board of Directors approved Kuwait Reinsurance Company annual financial statements of the company for the year ending Dec 31, 2012, dated March 20, 2013.
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     2,641,643    383,358
Earnings per share (fils)     21.56    3.13
Total current assets     64,064,657    60,843,886
Total assets     95,056,459    87,492,850
Total current liabilities     28,473,505    26,028,335
Total liabilities     55,604,580    50,832,550
Total shareholders’ equity     39,451,879    36,660,300
Total expenses from transactions with related parties amounts to KD 138,499 and total revenue from transactions with related parties is worth KD 294,305.
The Board recommended bonus shares 22.449% of the paid-up capital 22.449 shares for every 100 shares for the fiscal year ending Dec 31, 2012. The source of distribution will be from the company’s retained profits. Note that these recommendations are subject to approval by the shareholders and the competent authorities.

Kuwait Stock Exchange (KSE) announced that the Capital Markets Authority (CMA) approved on March 18, 2013 the request of KIPCO Asset Management Company (KAMCO) to buy back or sell 10% of its shares maximum over six months starting from the approval date. The repurchase value shall not exceed available equity financing sources.