Sultan Center Earns KD 194,623 In 2012

KUWAIT CITY, April 1

Board of Directors approved National Real Estate Company (NREC) annual financial statements of the company for the year ending Dec 31, 2012, dated March 31, 2013. 
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (loss) (KD)    7,966,951    (40,852,824)
EPS (FILS)    10.29    (52.72) 
Total current assets    42,298,492    43,923,375
Total assets     517,143,928    495,019,397
Total current liabilities     114,987,749    79,482,717
Total liabilities     322,207,628    308,633,097
Total shareholders' equity     194,936,300    186,386,300
Total revenue from transactions with related parties is worth KD 4,243,225.
Total expenses from transactions with related parties amounts to KD 149,402.
The Board of Directors recommended to conduct distribution of bonus shares 5% of the paid up capital of 5 shares for every 100 shares 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 The Sultan Center (TSC) met on March 31, 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)     194,623    (37,988,901)
EPS (FILS)     0.34    (67.29)
Total current assets     43,615,413    46,820,676
Total assets     281,055,771    288,932,545
Total current liabilities     217,983,953    225,077,047
Total liabilities     240,206,537    250,396,322
Total shareholders' equity     40,849,234    38,536,223
    240,206,537        250,396,322 
Total expenses from transactions with related parties amounts to KD (1,53,734).
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 Sokouk Holding Company (Sokouk) met on March 31, 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)    5,337,445    (10,170,323)
EPS (FILS)     9.93    (18.90)
Total current assets    41,709,427    12,068.707
Total assets    82,387,557    66,449,119
Total current liabilities     9,472,428    7,833,727
Total liabilities     24,586,647    13,058,999
Total shareholders' equity    57,348,725    53,837,839
Total revenue from transactions with related parties is worth KD 661,246.
Total expenses from transactions with related parties amounts to KD 356,794.
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 Al-Arabi Group Holding Company (AGHC) met on March 31, 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)    872,779    1,607,723
EPS (fils)     6.62    12.19
Total current assets    55,141,772    51,851,010
Total assets     69,920,120    66,235,676
Total current liabilities     38,778,453    40,398,127
Total liabilities     48,318,430    44,770,444
Total shareholders' equity    21,133,941    21,147,695
Total expenses from transactions with related parties amounts to KD 378,896.
The Board of Directors of the company recommended distribution of bonus shares 5% of the paid-up capital 5 shares for every 100 shares 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 Salbookh Trading Company (Salbookh) met on March 31, 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)     (1,118,511)    (1,118,511)
EPS (FILS)     (11.02)    (11.02) 
Total current assets    8,101,788    8,881,206    
Total assets     14,777,158    16,085,344
Total current liabilities     3,837,037    3,590,304
Total liabilities     5,490,837    5,830,694    
Total shareholders' equity     9,286,321     10,254,650 
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 First Dubai Real Estate Development Company (FIRSTDUBAI) met on March 31, 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)     784,410    (15,118,482) 
EPS (FILS)    0.79    (15.14) 
Total current assets    27,962,031    27,063,610 
Total assets    66,417,091    65,060,393 
Total current liabilities    15,220,717    15,038,203 
Total liabilities    15,220,717    15,038,203 
Total shareholders' equity    47,850,374    46,676,520 
Total revenue from transactions with related parties is worth KD 118,373.
Total expenses from transactions with related parties amounts to KD 417,385.
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.

© Arab Times 2013