Kuwait Stock Exchange (KSE) announces that the board of Arab Real Estate Co. (AREC), in its meeting held on Tuesday, 9/8/2011, endorsed interim financial results for the period that ended on 30/06/2011, as follows:

1- Current periods:

Item	3 months till 30/6/11	6 months till 30/6/11
Profit (loss) (KWD)	( 2.463.034 )	( 3.133.041 )
EPS (LPS) (fils)	( 4.87 )	( 6.2 )
Total current assets	-	17.465.738
Total assets	-	169.061.692
Total current liabilities	-	32.623.695
Total liabilities	-	99.982.916
Total shareholders’ equity	-	69.069.894

Expenses of dealings with related parties reached KWD 65.025, with no relevant revenue recorded.

2- Comparative periods:

Item	3 months till 30/6/10	6 months till 30/6/10
Profit (Loss) (KWD)	( 627.372 )	( 3.671.514 )
EPS (LPS)_(fils)	( 1.24 )	( 7.26 )
Total current assets	-	2.114.337
Total assets	-	177.070.349
Total current liabilities	-	94.437.134
Total liabilities	-	112.972.867
Total shareholders’ equity	-	64.069.747