Kuwait Stock Exchange (KSE) announces that the board of Arab Real Estate Co., in a meeting held on Sunday, 27/03/2011, endorsed the financial statements for the fiscal year that ended on 31/12/2010 as follows:

1) Current periods:

Item	FY ended 31/12/2010	FY ended 31/12/2009
Profit (KWD)	484,384	2,198,321
EPS (fils)	0.96	4.35
Total current assets	17,516,355	2,105,461
Total assets	174,372,086	181,079,044
Total current liabilities	80,319,399	74,903,027
Total liabilities	101,827,648	113,667,315
Total shareholders’ equity	72,544,438	67,411,729

Expenses of dealings with related parties totaled KWD 128,844, with no related revenue recorded.

2) Proposed dividend:

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