KUWAIT, Jan 25 (KUNA) -- Liquidity Management House for Investment (known as Liquidity House), posted Wednesday KD 3.5-million net profits for 2011. In a press statement, Liquidity House Deputy Chairman and Managing Director Emad Al-Manea unveiled that the company's general assembly approved Wednesday the distribution of five percent cash dividend to shareholders for 2011.

He pointed out that the company has managed to make profits for the third year in a row, noting that the total revenues for the fiscal year, ended 30 September, hit about KD 7.9 million, up 14.01 percent.

The company's financial statement was approved by the general assembly in its meeting on Tuesday, he said.

Manea underlined that the company is taking firm steps towards achieving its strategic goals.

Liquidity Management House for Investment K.S.C.C ("Liquidity House") is an investment company wholly owned by Kuwait Finance House K.S.C.

Headquartered in the State of Kuwait, Liquidity House was established in December 2007 and commenced its operations in September 2008. The company was launched with a paid up capital of Kuwaiti Dinars 100 Million (approx USD 360 million).

Liquidity House's objective is to be a principal player in the international sukuk market and the Shariah compliant structured finance arena. It seeks to deliver exceptional values to its clients, shareholders and the industry through focused and shared values driven by its parent entity KFH.