Kuwait Stock Exchange (KSE) announces that the board of Privatization Holding Co. (KPPC), in a meeting held on Monday, 19/03/2012, endorsed financial statements for FY that ended on 31/12/2011, as follows:

1) Financial results:

Item	FY ended 31/12/2011	FY ended 31/12/2010
Profit (KWD)	4,170,109	1,996,012
EPS (fils)	5,7	2,7
Total current assets	122,562,410	112,021,873
Total assets	227,923,990	233,591,556
Total current liabilities	123,950,765	112,960,738
Total liabilities	124,333,070	113,289,035‏
Total shareholders' equity	102,688,127	120,164,151

 

Total revenue and expenses of dealings with related parties reached KWD 831,428 and KWD 14,239 respectively.

- Proposed dividend:

The board recommended paying cash dividend at 5% of par value, or 5 fils a share, pending the approval of shareholder meeting and competent authorities. Shareholders of record on the general meeting date are entitled to this dividend.