Kuwait Stock Exchange (KSE) announces that the board of Shuaiba Industrial Co. (Paper), in its meeting held today, Monday, 21/2/2011, endorsed financial statements for the FY that ended on 31/12/2010, as follows:

- Financial results:

Item	FY ended 31/12/10	FY ended 31/12/09
Profit (KWD)	1.200.314	1.668.796
EPS (fils)	22.05	30.66
Total current assets	7.675.149	8.231.098
Total assets	16.175.555	16.278.898
Total current liabilities	1.934.863	1.959.462
Total liabilities	2.180.937	2.488.311‏
Total shareholders’ equity	13.994.618	13.790.567

 

Revenue from dealings with related parties totaled KWD 10.247, with no relevant expenses recorded.

2) Proposed dividend:

The board recommended paying cash dividend at 10% of par value (10 fils per share) for FY10. It also proposed bonus share distribution at 5-for-100 or 5% of paid-in capital. Shareholders of record till the close of trading on the meeting date are entitled to this dividend.
This proposal is pending the approval of shareholder meeting and competent authorities.