Kuwait Stock Exchange (KSE) announces that the board of Mashaer Holding Co., in its meeting held on Sunday, 19/02/2012, endorsed financial statements for the fiscal year that ended on Dec. 31, 2011, as follows:
1- Financial results:

Item	FY ended 31/12/11	FY ended 31/12/10
Profit (Loss) (KWD)	5,200,734	(24,947,475)
EPS (LPS) (fils)	29	(139)
Total current assets	27,783,387	29,007,895
Total assets	79,349,172	74,008,341
Total current liabilities	30,813,399	28,130,018
Total liabilities	35,123,096	34,686,103
Total shareholders’ equity	43,824,452	38,962,865

 

Neither revenue nor expenses of dealing with related parties were recorded.

2- Proposed dividend:

The board recommended paying FY11 cash dividend at 13% of par value, or 13 fils per share, pending the approval of shareholder meeting and competent authorities. Shareholders of record on the general meeting date are entitled to this dividend.