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Aayan Leasing board recommends FY10 dividend freeze

AAYAN AAYAN -0.58% 171.00 -1.00

Kuwait Stock Exchange (KSE) announces that the board of Aayan Leasing & Investment Co. (ALIC) obtained on 16/06/2011, the approval of the Central Bank of Kuwait (CBK) on financial statements for the fiscal year that ended on 31/12/2010, as follows:
1- Financial statements:

 

Item

FY ended 31/12/2010

FY ended 31/12/2009

Profit (Loss) (KWD)

(73.358.493)

(24.112.108)

EPS (LPS) (fils)

(222.58)

(73.13)

 

Total current assets

158.162.933

162.182.723

 

Total assets

510.109.512

475.343.766

 

Total current liabilities

400.371.774

407.721.785

 

Total liabilities

436.985.778

422.343.994

 

Total shareholders’ equity

31.200.238

7.251.909


Revenue and expenses of dealings with related parties totaled KWD 672.706 and KWD 3.307.003 respectively.

2- Proposed dividend:


The board recommended withholding dividend for the fiscal year that ended on 31/12/2010. This recommendation is pending the approval of shareholder meeting and competent authorities.


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