Kuwait Stock Exchange (KSE) announces that the board of Kuwait Portland Cement Co. (KPCC), in its meeting held yesterday, Monday, Feb. 20th, approved financial statements for the FY that ended on 31/12/2011, as follows:

1- Financial results:

Item	FY ended 31/12/11	FY ended 31/12/10
Profit (KWD)	2.537.648	22.289.458
EPS (fils)	27.91	245.19
Total current assets	47.962.879	60.536.722
Total assets	68.162.985	85.440.496
Total current liabilities	3.754.765	7.515.544
Total liabilities	4.696.718	9.173.394
Total shareholders’ equity	63.466.267	76.267.102

Total expenses of dealing with related parties reached KWD 730.258,with no relevant revenue recorded.

2- Proposed dividend:

The board recommended paying FY11 cash dividend at 65% of par value, or 65 fils per share. Shareholders of record on the general meeting date are entitled to this recommendation that is subject to the approval of shareholder meeting and competent authorities. The dividend will be financed from retained earnings.