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Marakez board recommends 10% bonus share distribution for FY10

MARAKEZ MARAKEZ -0.33% 29.90 -0.10

Kuwait Stock Exchange (KSE) announces that the board of Real Estate Trade Centers Co. (Marakez) ratified, on Saturday, 5/3/2011, the interim financial statements for the FY that ended on 31/12/2010, as follows:

1- Financial results:

Item

FY ended 31/12/10

FY ended 31/12/09

Profit (KWD)

5.453.812

1.200.142

EPS (fils)

51.94

11.43

Total current assets

536.644

619.074‏

Total assets

29.594.178

23.849.083

Total current liabilities

858.496

666.748‏

Total liabilities

7.792.936

6.835.543‏

Total shareholders’ equity

21.801.242

17.013.540


Total revenue from dealings with related parties reached KWD 5.429.536, with no relevant expenses recorded.

2- Proposed dividend:

The board recommended distribution bonus shares at 10% of paid-in capital (10-for-100), to shareholders of record on their general meeting date.

This recommendation is pending the approval of shareholder meeting and competent authorities.
Accordingly, the stock will resume trading as of today, Sunday, 6/3/2011.

 


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