Kuwait Stock Exchange (KSE) announces that the board of Tamdeen Real Estate Development Co., in a meeting held today, Thursday, 29/03/2012, endorsed financial statements for the fiscal year that ended on 31/12/2011, as follows:
1) Financial statements:

Item	FY ended 31/12/2011	FY ended 31/12/2010
Profit (KWD)	3.824.191	4.625.117
EPS (fils)	10.3	12.4
Total current assets	46.114.596	71.311.505
Total assets	270.689.809	304.529.174
Total current liabilities	61.916.369	81.153.477
Total liabilities	124.118.565	149.810.983
Total shareholders' equity	99.618.455	104.593.220

Revenue and expenses of dealings with related parties totaled KWD 947.952 and KWD 1.044.003 respectively.
2) Proposed dividend:
The board recommended paying cash dividend at 8% of par value or 8 fils a share for FY11. This recommendation is pending the approval of shareholder meeting and competent authorities.