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Kuwait Syrian board proposes FY11 dividend freeze

EMIRATES EMIRATES 4.51% 37.10 1.60

Kuwait Stock Exchange (KSE) announces that the board of Kuwait Syrian Holding Co. (KSHC) endorsed today, Sunday, 18/03/2012, the financial statements for the fiscal year that ended on 31/12/2011, as follows:

1) Financial results:

Item

FY ended 31/12/2011

FY ended 31/12/2010

Profit (Loss) (KWD)

(2,265,695)

437,265

EPS (LPS) (fils)

(7.55)

1.46

Total current assets

12,556,041

14,295,554

Total assets

47,353,476

50,753,653

Total current liabilities

4,281,995

376,964

Total liabilities

10,372,772

9,570,733

Total shareholders' equity

27,191,163

30,997,585

Total revenue and expenses of dealings with related parties reached KWD (827,558) and KWD 15,718 respectively.

2) Proposed dividend:

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


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