Kuwait Stock Exchange (KSE) announces that the board of Al Mudon International Real Estate Co., in a meeting held on Sunday, 04/03/2012, endorsed financial results for the fiscal year that ended on 31/12/2011, as follows:

1) Financial results:

Item	FY ended 31/12/11	FY ended 31/12/10
Profit (KWD)	50.067	310.224
EPS (KWD fils)	0.5	3.1
Total current assets (KWD)	47.702	1.685.805
Total assets (KWD)	18.430.398	22.082.918
Total current liabilities (KWD)	1.033.589	4.282.342
Total liabilities (KWD)	1.044.883	4.288.686
Total shareholders’ equity (KWD)	17.385.515	17.794.232

Total expenses of dealings with related parties reached KWD 292.651, with no relevant revenue recorded.

2) Proposed dividend:

The board recommended withholding dividend for FY11 , pending the approval of shareholder meeting and competent authorities.