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Tamdeen board recommends 6% dividend payout for FY10

TAMINV TAMINV 0.00% 600.00 0.00

Kuwait Stock Exchange (KSE) announces that the board of Al-Tamdeen Investment Co. has approved financial statements for the FY that ended on 31/12/2010, as follows:

- Financial statements:

Item

FY ended 31/12/2010

FY ended 31/12/2009

Profit) (KWD)

3.440.249

2.266.116‏

EPS  (fils)

11.36

7.31

Total current assets

72.816.412

58.429.215

Total assets

158.067.666

126.450.780

Total current liabilities

57.596.742

58.286.221

Total liabilities

57.689.165

58.362.042

Total shareholders’ equity

100.378.501

68.088.738


Revenue and expenses of dealings with related parties totaled KWD 382.973 and KWD 114.807 respectively.
The Central Bank of Kuwait (CBK) ratified these statements on 24/02/2011.
2) Proposed dividend:

The board recommended paying cash dividend at 6% of par value (6 fils per share) for FY10. Shareholders of record on their meeting date are entitled to this dividend.

This proposal is pending the approval of shareholder meeting and competent authorities.


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