11 March 2008
KUWAIT CITY: The Board of Directors of the Al-Ahleia Insurance Company had met yesterday, Monday March 10, 2008 and adopted the Annual financial data of the company for the financial year ending Dec 31, 2007.
The company reported earning a profit of KD 16,321,686 for the year ending Dec 31, 2007 with the earnings per share valued at 117.88 Kuwaiti fils. The net profit includes unrealized total revenue worth KD 1,942,800 and outstanding expenses amounting to KD 476,701. For the year ending Dec 31, 2006 the company earned a profit of KD 14,143,435 with the earnings per share of 102.06 Kuwaiti fils.
The council also recommending the distribution of cash dividends at 65 percent of the nominal value of shares i.e. 65 fils per share and distribution of bonus shares 10 percent of the paid-up capital i.e. 10 shares for every 100 shares. Note that this recommendation is subject to approval at the general assembly of the company and the competent authorities.
Kuwait Stock Exchange (KSE) announces that the Kuwait Insurance Company was convened on Tuesday March 11, 2008 and the Governing Council recommended distribution of cash dividend at 70 percent of nominal value per share (70 fils per share) for the financial year ending Dec 31, 2007 to shareholders registered in the records of the company. The company's shares will be traded from Wednesday March 12, 2008.
The governing council of Ekittitab Holding Company had met on Sunday March 09, 2008 and adopted the Annual financial data for the financial year ending Dec 31, 2007. The company said it earned a profit of KD 9,180,368 for the year ending Dec 31, 2007 with the profitability valued at 34.23 Kuwaiti fils per share Compared to the profit of KD 445,005 for the Year ending Dec 31, 2006.
The net profit includes unrealized profit of KD 1,731,126 and unrealized revenue from transactions worth KD 189,242.
Arab Real Estate Company's board had met on Monday March 10, 2008 and adopted the Annual financial data of the company for the financial year ending Dec 31, 2007, earning a profit a KD 5,654,837 with earnings per share valued at 12.42 Kuwaiti fils. For the Year ending Dec 31, 2006 the company recorded a profit of KD 3,585,162 with earnings per share of 7.88 Kuwaiti fils. The net profit for the FY 2007 includes unrealized profit of KD 649,617 and outstanding expenses KD 152,887.
The Council recommending distribution of cash dividend 7.5 percent of the nominal value of shares 7.5 fils per share and distribution of bonus shares to 5 percent of the paid-up capital of 5 shares for every 100 shares for the financial year ending Dec 31, 2007, to shareholders registered on the company's records.
Note that this recommendation is subject to approval at the general assembly of the company and the competent authorities.
The Board of Directors of the Kuwait Hotels Company had met on Monday March 10, 2008 and adopted the Annual financial data for the financial year ending Dec 31, 2007. The company reported a profit of KD 1,912,858 for the FY 2007 compared to a profit of KD 1,295,566 for the FY 2006. The profitability valued at 39.08 Kuwaiti fils and 26.50 Kuwaiti fils for the FY 2007 and FY 2006.
The net profit includes unrealized profits of KD 579, unrealized revenue worth KD 1,286,065 and unpaid expenses from transactions amounting to KD 1,159,484.
The council proposed distribution of bonus shares at 10 percent of the paid-up capital that is 10 shares for every 100 shares to shareholder registered in the records of the company for the FY 2007.
Note that this recommendation is subject to approval at the general assembly of the company and the competent authorities.
Kuwait Stock Exchange (KSE) announces that the general assembly meeting of the Tijara and Real Estate Investment Company (TIJARA) will be held on Wednesday March 26, 2008 at 9 a.m. in the Ministry of Trade and Industry to discuss the recommendation of the Governing Council for the financial year ending Dec 31, 2007 to distribute cash dividends at 10 percent of the nominal value of shares (10 Kuwaiti fils per share) to shareholders registered company records on the general assembly.
The council will also discuss other items on the agenda. Note that this recommendation is subject to approval at the General Assembly and the competent authorities.
The general assembly meeting of the Shuaiba Industrial Company (PAPER) will be held on Thursday March 27, 2008 at 11.30 a.m. in the Ministry of Trade and Industry to discuss the recommendation of the Governing Council for the financial year ending Dec 31, 2007 for the distribution of bonus shares at 10 percent of the paid-up capital (10 shares for every 100 shares) to shareholders registered company records on the general assembly.
The board will also discuss other items on the agenda. Note that this recommendation is subject to approval at the General Assembly and the competent authorities.
Kuwait Stock Exchange (KSE) announces that the Yiaco Medical Company has signed of two contracts for the supply of medical syringes and medicines to all sections at medical centers and Hospitals of the Ministry of Health valued at KD 1,000,000 for a period of one year.
KUWAIT CITY: The Board of Directors of the Al-Ahleia Insurance Company had met yesterday, Monday March 10, 2008 and adopted the Annual financial data of the company for the financial year ending Dec 31, 2007.
The company reported earning a profit of KD 16,321,686 for the year ending Dec 31, 2007 with the earnings per share valued at 117.88 Kuwaiti fils. The net profit includes unrealized total revenue worth KD 1,942,800 and outstanding expenses amounting to KD 476,701. For the year ending Dec 31, 2006 the company earned a profit of KD 14,143,435 with the earnings per share of 102.06 Kuwaiti fils.
The council also recommending the distribution of cash dividends at 65 percent of the nominal value of shares i.e. 65 fils per share and distribution of bonus shares 10 percent of the paid-up capital i.e. 10 shares for every 100 shares. Note that this recommendation is subject to approval at the general assembly of the company and the competent authorities.
Kuwait Stock Exchange (KSE) announces that the Kuwait Insurance Company was convened on Tuesday March 11, 2008 and the Governing Council recommended distribution of cash dividend at 70 percent of nominal value per share (70 fils per share) for the financial year ending Dec 31, 2007 to shareholders registered in the records of the company. The company's shares will be traded from Wednesday March 12, 2008.
The governing council of Ekittitab Holding Company had met on Sunday March 09, 2008 and adopted the Annual financial data for the financial year ending Dec 31, 2007. The company said it earned a profit of KD 9,180,368 for the year ending Dec 31, 2007 with the profitability valued at 34.23 Kuwaiti fils per share Compared to the profit of KD 445,005 for the Year ending Dec 31, 2006.
The net profit includes unrealized profit of KD 1,731,126 and unrealized revenue from transactions worth KD 189,242.
Arab Real Estate Company's board had met on Monday March 10, 2008 and adopted the Annual financial data of the company for the financial year ending Dec 31, 2007, earning a profit a KD 5,654,837 with earnings per share valued at 12.42 Kuwaiti fils. For the Year ending Dec 31, 2006 the company recorded a profit of KD 3,585,162 with earnings per share of 7.88 Kuwaiti fils. The net profit for the FY 2007 includes unrealized profit of KD 649,617 and outstanding expenses KD 152,887.
The Council recommending distribution of cash dividend 7.5 percent of the nominal value of shares 7.5 fils per share and distribution of bonus shares to 5 percent of the paid-up capital of 5 shares for every 100 shares for the financial year ending Dec 31, 2007, to shareholders registered on the company's records.
Note that this recommendation is subject to approval at the general assembly of the company and the competent authorities.
The Board of Directors of the Kuwait Hotels Company had met on Monday March 10, 2008 and adopted the Annual financial data for the financial year ending Dec 31, 2007. The company reported a profit of KD 1,912,858 for the FY 2007 compared to a profit of KD 1,295,566 for the FY 2006. The profitability valued at 39.08 Kuwaiti fils and 26.50 Kuwaiti fils for the FY 2007 and FY 2006.
The net profit includes unrealized profits of KD 579, unrealized revenue worth KD 1,286,065 and unpaid expenses from transactions amounting to KD 1,159,484.
The council proposed distribution of bonus shares at 10 percent of the paid-up capital that is 10 shares for every 100 shares to shareholder registered in the records of the company for the FY 2007.
Note that this recommendation is subject to approval at the general assembly of the company and the competent authorities.
Kuwait Stock Exchange (KSE) announces that the general assembly meeting of the Tijara and Real Estate Investment Company (TIJARA) will be held on Wednesday March 26, 2008 at 9 a.m. in the Ministry of Trade and Industry to discuss the recommendation of the Governing Council for the financial year ending Dec 31, 2007 to distribute cash dividends at 10 percent of the nominal value of shares (10 Kuwaiti fils per share) to shareholders registered company records on the general assembly.
The council will also discuss other items on the agenda. Note that this recommendation is subject to approval at the General Assembly and the competent authorities.
The general assembly meeting of the Shuaiba Industrial Company (PAPER) will be held on Thursday March 27, 2008 at 11.30 a.m. in the Ministry of Trade and Industry to discuss the recommendation of the Governing Council for the financial year ending Dec 31, 2007 for the distribution of bonus shares at 10 percent of the paid-up capital (10 shares for every 100 shares) to shareholders registered company records on the general assembly.
The board will also discuss other items on the agenda. Note that this recommendation is subject to approval at the General Assembly and the competent authorities.
Kuwait Stock Exchange (KSE) announces that the Yiaco Medical Company has signed of two contracts for the supply of medical syringes and medicines to all sections at medical centers and Hospitals of the Ministry of Health valued at KD 1,000,000 for a period of one year.
© Arab Times 2008
