Kuwait Stock Exchange (KSE) announces that the board of Al Masaken International Real Estate Development Company, 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 (Loss) (KWD)	(1.455.755)	(625.272)
EPS (LPS) (fils)	(7.28)	(3.13)
Total current assets	12.576.594	14.799.818
Total assets	25.221.393	26.667.370
Total current liabilities	2.337.643	2.482.909
Total liabilities	2.402.811	2.540.055
Total shareholders' equity	22.694.228	24.002.270

Revenue and expenses of dealings with related parties totaled KWD 103.964 and KWD 22.534 respectively.
2-Proposed dividend:
The board recommended withholding FY11 dividend, pending the approval of shareholder meeting and competent authorities.