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Aqar board recommends FY10 dividend freeze

AQAR AQAR 2.77% 63.00 1.70

Kuwait Stock Exchange (KSE) announces that the board of Aqar Real Estate Investment Co. approved, yesterday, Tuesday, 15/03/2011, financial statements for the FY that ended on 31/12/2010, as follows:

1- Current period:

Item

FY ended 31/12/10

FY ended 31/12/09

Profit (Loss) (KWD)

 

118.803

 (1.321.625)

EPS (LPS) (fils)

0.51

 (5.71)‏

Total current assets

5.263.869

7.598.191‏

Total assets

27.840.978

27.791.417‏

Total current liabilities

819.957

4.253.133‏

Total liabilities

3.606.961

4.314.946

Total shareholders’ equity

24.234.017

23.476.471‏

Total revenue and expenses of dealings with related parties reached KWD 74.503 and KWD 1.839 respectively.

2- Proposed dividend:

The board recommended withholding FY10 dividend, pending the approval of shareholder meeting and competent authorities.



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