Kuwait Stock Exchange (KSE) announces that the board of Aref Energy Holding approved yesterday, Tuesday, 13/03/2012, financial statements 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 (loss) (KWD)	(5,113,572)	10,798,282
EPS (LPS) (fils)	(6,8)	14,4
Total current assets	51,089,893	82,819,511
Total assets	93,740,215	113,066,442
Total current liabilities	19,214,405	25,454,313
Total liabilities	19,476,390	29,485,266
Total shareholders’ equity	68,189,514	74,980,543

Expenses of dealings with related parties totaled KWD 770.821, with no relevant revenue recorded.

2- Proposed dividend:

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