Sokouk Holding announced its financial statements for the fiscal year ended December 31, 2014.

The statements reflected KWD5.01 million ($17 million) net profit compared to KWD18.23 million for the previous year, down by 72.5%.  

Meanwhile, the company has achieved KWD2.38 million net profit for the fourth quarter of 2014, with increase by 46.9% from KWD1.62 million for the corresponding period of previous year.

In related development, the company's Board of Directors has offered a recommendation to distribute bonus shares by 5% (5 shares for each 100 shares), provided that the approval of the company's assembly meeting.