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ACICO board recommends 5% cash dividend, 5% bonus shares for FY11

ACICO ACICO 1.35% 75.00 1.00

Kuwait Stock Exchange (KSE) announces that the board of ACICO Industries endorsed today, Thursday, 29/03/2012, 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)

1.908.812

3.784.148

EPS (fils)

8.09

16.03

Total current assets

21.444.006

21.621.361

Total assets

241.567.317

240.997.349

Total current liabilities

35.424.747

34.857.563

Total liabilities

159.630.962

158.801.362

Total shareholders' equity

77.631.710

78.020.411

Revenue and expenses of dealings with related parties totaled KWD 56.365 and KWD 47.910 consecutively.

2-Proposed dividend:

The board recommended paying 5% cash dividend, or 5 fils per share, and distributing 5% bonus shares, or 5-for-100, for FY11, to shareholders of record on the general meeting date.

This dividend will be financed from FY11 profit and retained earnings.

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