Kuwait Stock Exchange (KSE) announces that the board of Al-Safat Energy Holding 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) Current periods:

Item	FY ended 31/12/2011	FY ended 31/12/2010
Profit (Loss) (KWD)	(11,470,352)	(4,374,580)
EPS (LPS) (fils)	(19.05)	(7.26)
Total current assets	11,461,791	14,696,146
Total assets	64,573,544	77,684,476
Total current liabilities	9,332,628	8,858,410
Total liabilities	9,843,613	9,492,041
Total shareholders' equity	47,945,644	58,722,619

Total expenses of dealings with related parties reached KWD 22,534, with no relevant revenue recorded.

2) Proposed dividend:

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