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Al-Masaken records net profit of KD 1.42m in ’13 KAMCO proposes distribution of 5% cash dividend

 KUWAIT CITY, March 10: The Kuwait Stock Exchange announces that the Board of Directors of Al-Masaken International Real Estate Development Co. met on Sunday, March 9, 2014, and approved the annual financial statements of the company for the year ended 31.12.2013 as follows:

Particulars 31/12/2013 31/12/2012
Profit (loss)(KD) 1,417,924 1,082,142
EPS (fls) 7.09 5.41
Total current assets 14,133,764 12,423,265
Total assets 34,357,175 28,901,620 
Total current liabilities 9,080,789 4,517,403
Total liabilities 9,169,058 4,591,750 
Total shareholders’ equity 25,036,384 24,181,670
The total revenue from transactions with related parties is worth KD 116,550
The total expenses from transactions with related parties is worth KD 10,853
The Board of Directors has recommended the distribution of cash dividends of 6 percent of the nominal value of shares i.e. 6 fils per share for the financial year ending Dec 31, 2013.
Note that these recommendations are subject to approval by the General Assembly and the competent authorities.
 
 
The Kuwait Stock Exchange announces further to the previous announcement dated March 2, 2014 and annual data for KIPCO Asset Management Company (KAMCO) for the year ended Dec 12, 2013, the Board of Directors met on Wednesday, March 9, 2014, and approved the financial statements in question, and recommended the General Assembly to distribute cash dividend of 5 percent of the nominal value of shares i.e. 5 fils per share for the year ended Dec 31, 2013 to shareholders registered in the company’s records on the day of the General Assembly.
Note: These recommendations are subject to approval by the General Assembly and the competent authorities.
 
The Kuwait Stock Exchange announces that the Board of Directors of the Kuwait Bahrain International Exchange Co has approved the annual financial statements of the company for the financial year ended Dec 31, 2013, as follows:
Particulars 31/12/2013 31/12/2012
Profit (loss)(KD) 884,313 814,536
EPS (fils ) 19.14 17.63
Total current assets 8,413,499 8,304,193
Total Assets 8,413,499 8,304,193
Total current liabilities 1,902,836 1,929,403
Total liabilities 1,902,836 1,929,403
Total shareholders’ equity 6,510,663 6,374,790
The total revenue from transactions with related parties is worth KD 0.000
The total expenses from transactions with related parties is worth KD 0.000
Note, that the company has obtained the approval of the Central Bank of Kuwait on 6/3/2014.
The Board of Directors has recommended the distribution of cash dividend of 10 percent of the nominal value of shares i.e. 10 fils per share for the year ended 31.12.2013.
These recommendations are subject to approval by the General Assembly and the competent authorities.
 
The Kuwait Stock Exchange declares that the AGM of the Rai Media Group (Rai) will be held on Sunday, March 23, 2014 at 11:00 hours in the Ministry of Commerce and Industry to discuss:
1. The recommendation of the Board of Directors to distribute cash dividends of 5% of the nominal value of shares i.e. 5 fils per share for the financial year ending 31/12/2013 to shareholders registered company records on the General Assembly
2. The election of members of the Board of Directors for the next three years.
3. Other items on the agenda
Note that this recommendation is subject to approval by the General Assembly and not be objected by the Board of Directors and by regulatory authorities.

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