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Privatization board recommends FY10 dividend freeze

KPPC KPPC 0.00% 38.50 0.00

Kuwait Stock Exchange (KSE) announces that the board of Privatization Holding Co. endorsed, yesterday, Monday, 27/03/2011, financial statements for the FY that ended on 31/12/2010, as follows:

1- Current periods:

Item

FY ended 31/12/10

FY ended 31/12/09

Profit (KWD)

2.006.350

3.085.389‏

EPS (fils)

2.7

4.1

Total current assets

112.021.873

134.578.898‏

Total assets

233.591.556

233.885.952‏

Total current liabilities

112.960.738

120.723.695‏

Total liabilities

113.289.035            

120.927.451‏

Total shareholders’ equity

120.302.521

112.958.501


Total revenue and expenses of dealings with related parties reached KWD 390.296 and KWD 151.939 respectively.

2- Proposed dividend:

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



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