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Kuwait International Bank nets KD 13.16 mln MENA earns KD 99.017 mln in 3m

KUWAIT CITY, Feb 11: The Kuwait Stock Exchange announces the Board of Directors of the Kuwait International Bank has issued the following annual financial statements of the Bank for the year ended 31/12/2013:
For the financial year ended    12/13/31    12/12/31
Profit (KD)    13.16516 mln    13.208 mln
EPS (KD)    14.15    14.10
Total current assets     1,056,705,000    738,840,554
Total assets    1,503,443,000    1,249,495,669
Total current liabilities    1,270,108,000    1,027,431,707
Total liabilities    1,276,060,000    1,032,923,165
Total shareholders’ equity    224,362,000    216,572,504
The total revenue from transactions with related parties KD 206,000
The total expenses from transactions with related parties KD 2,058,000
Note: the Bank has received approval from the Central Bank of Kuwait on 02/11/2014.
2) Proposed dividend:
The Board of Directors recommended the distributions for the financial year ended 31/12/2013 as follows:
The distribution of bonus shares of 7 percent of the paid-up capital 7 shares for every 100 shares
Note: this recommendation is subject to approval by the General Assembly of the Bank and the competent authorities.

The Kuwait Stock Exchange declared that the Board of Directors of Mena Real Estate Company (MENA) Tuesday, 11/02/2014, adopted the interim financial statements for the periods ended 12/31/2013
 For 3 months ended 12/31/13 the 9 months ended 12/31/13 respectively
Profit (loss) (KD)    99.017 mln    (69.687) mln
EPS (KD)    0.51    (0.36)
Total current assets    7,339,211
Total assets    24,922,968
Total current liabilities    7,343,298
Total liabilities    9,631,629
Total shareholders’ equity    15,208,014
The total revenue from transactions with related parties amount KD 0
The total expenses from transactions with parties related to the amount KD 0
2) Comparative periods:
For 3 months ended 31/12/12 and 9 months ended 12/31/12
Profit (loss) (KD)    (194.912)    (678.099)
EPS (KD)    (1.00)    (3.49)
Total current assets    6468861
Total assets    27957427
Total current liabilities    8066233
Total liabilities    11307393
Total shareholders’ equity    16565913

The Kuwait Stock Exchange announces that the Board of Directors of the (Buildings) Tuesday, 11/02/2014, issued the annual financial statements of the company for the year ended 31.12.2013
For the year ended    31/12/13    12/12/31
Profit (loss) (KD)    47,919854    33,277658
EPS (KD)    68.47    48.36
Total current assets    29,800,309    17,791,184
Total assets    406,278,385    384,241,248
Total current liabilities    56,305,097    54,920,831
Total liabilities    176,319,053    189,866,361
Total shareholders’ equity    229 870 430    193 869 278 
The total revenue from transactions with related parties amounted to KD 9,559,429
The total expenses from transactions with parties related to the amount KD 0
Proposed dividend:
The Board of Directors recommended the company to conduct the following distributions for the year ended 12.31.2013
A cash dividend of 25% of the nominal value of shares 25 fils per share
The distribution of bonus shares of 5% of paid-up capital 5 shares for every 100 shares
Note: These recommendations are subject to approval by the General Assembly and the competent authorities.

The Kuwait Stock Exchange company has reported that a statement issued by the Aqar Real Estate Investments Company reads as follows:

Pursuant to the provisions of Law No. 7 for the year 2010 of the establishment of the Capital Markets Authority and regulating the activity of the stock and its implementing regulations, and our commitment to the instructions to the Capital Markets Authority on the disclosure of material information and the mechanism announced, we would like to inform that Aqar Real Estate Investment (Real Estate) on 11/02/2014 purchased an industrial plot in Al-Rai 1410 +1411, a total area of 2,000 square meters.
The value of the deal is KD 1,750,000 (KD one million seven hundred and fifty thousand). The company expects to achieve an annual net rental income from the coupon rate of 8%.

The Kuwait Stock Exchange announces that the Company Kuwait Real Estate Investment Group as a director of the real estate fund will hold a meeting of shareholders on Monday, 03/03/2014 at 10:00 hours at the company’s headquarters.

The Kuwait Stock Exchange Company announces that Dr Amir Habib Mohammed Behbehani has resigned from the members of the Board of Directors of YIACO medical company for personal reasons.
His position has been taken by first reserve member Dirar Abdullah Al-Dakhil as of 10/02/2014.

The Kuwait Stock Exchange company announces that the Board of Directors of the Maidan Clinic for dental services (Maidan) will meet Wednesday, 12/02/2014 at 13:30 hours to discuss the interim financial statements of the Company for the period ended 31/12 /2013.

The Kuwait Stock Exchange announces that the Board of Directors of the Real Estate Asset Management Company (RIM) will meet on Thursday, 02/13/2014 at 13:00 hours to discuss the annual financial statements of the company for the year ended 12/31/2013.

The Kuwait Stock Exchange that the Board of Directors of the International Holdings (Thimar) Company will meet on Thursday, 13/02/2014 at 12:30 hours to discuss the interim financial statements of the Company for the period ended 12/31/2013.

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