H1 Revenues: KD4.52 million, up 5.85%

Q2 Revenues: KD3.23 million

Net assets in H1: up 6%

H1 Return on equity: 1.25%

Q2 Return on equity: 1.04%

H1 EPS: 1.33 fils

Q2 EPS: 1.32 fils

Kuwait, August 15, 2013

KCIC, which specializes in investments in domestic demand-driven sectors in Asia, today announced a net profit of KD940,250 for the second quarter of 2013, bringing the Company's earnings for the first half of 2013 to KD1.12 million. KCIC registered in Q2 earnings per share of 1.32 fils and a return on equity of 1.04%.

Total revenues for the second quarter reached KD3.23 million, which resulted in total revenues of KD4.52 million for the first half of the year, a 5.85% increase in comparison to the first half of last year when the company reported revenues of KD4.27 million.

H1 2013 milestones:

1.    KCIC continued to outperform Asian Equity benchmarks across most strategies

2.    The Company developed its client infrastructure to allow for the scaling of the business

3.    Marketing efforts broadened to include Asian clients

4.    Developed timely and informed economic research on our target countries and markets.

KCIC Vice Chairman and CEO, Ahmad Abdlatif Al-Hamad, said, "Although the first half of the year witnessed increasing volatility and high uncertainty in global economies and in turn global markets, KCIC remains committed to maintain its focus on high quality investment opportunities in robust businesses across the region.  As a testament to this, we managed to complete a funding round for one of our flagship investments during one of the most difficult fund-raising periods.  We remain optimistic that Asia will continue to evolve towards establishing its internal markets which will transform their economies to a more sustainable growth model."

Listed on the Kuwait Stock Exchange, KCIC invests in domestic demand-driven sectors in Asia, namely energy, real estate, healthcare, infrastructure, and financial services.

KCIC is an investment company founded by an Emiree Decree with a capital of KD 80 million and a mandate to invest in domestic demand-driven sectors in Asia. KCIC is the Parent Company of a Group that includes Asiya Investments Dubai Limited and Asiya Investments Hong Kong Limited. Asiya Investments Dubai Limited serves as the marketing and investment advisory hub for KCIC. Asiya Investments Hong Kong Limited is fully equipped with a skillful and experienced investment team which has further demonstrated KCIC's commitment to the Asian markets. The publicly-listed Group employs a team of Asia specialists and currently manages assets in excess of USD500 million.  Key shareholders include the Kuwait Investment Authority (Kuwait's Sovereign Wealth Fund), National Investments Company (one of the leading investment banks in the Middle East), and Alghanim Industries (one of the largest conglomerates in the Middle East).

-Ends-

© Press Release 2013