Kuwait Corporate Fact Sheet

Kuwait Investment Co. Fact Sheet
Investment Sector
Reuters Code: KINV.KW Current Price (KD) : 0.400
Key Facts
KD '000 2003 2004 2005 2006 2007
Cash & Cash Equivalent 2,818 1,949 5,028 3,301 15,173
Deposits 16,619 41,484 43,248 29,996 29,720
Held for Trading Investments 48,892 61,330 104,825 109,188 131,677
Available for Sale Investments 53,123 76,244 102,363 129,982 138,527
Loans & Advances 19,677 24,243 22,243 39,999 34,915
Investments in Unconsolidate Sub. & Associated Co. 2,833 8,927 11,426 6,722 3,423
Investment Properties 6,523 5,107 4,340 3,645 3,086
Other Assets 8,916 9,447 12,360 10,586 16,170
Total Assets 159,401 228,730 305,833 333,420 372,691
Deposits Due to Customers 32,816 92,903 106,924 154,270 142,779
Other Liabilities 14,248 13,859 24,023 17,502 31,059
Total Liabilities 47,064 106,761 130,947 171,772 173,838
Minority Interest 3,064 2,229 2,568 3,117 4,857
Equity 109,273 119,740 172,318 158,531 193,997
Total Operating Revenue 35,073 30,169 69,209 44,366 67,919
Total Operating Expenses 9,500 8,474 11,100 9,463 11,954
Operating Profit 25,573 21,695 58,109 34,902 55,965
Interest Expense 847 1,446 3,154 7,207 8,681
Other Income 169 50 78 723 190
Other Expenses 1,033 241 1,947 1,603 2,599
Net Profit 23,862 20,058 53,087 26,816 44,875
Key Ratios
2003 2004 2005 2006 2007
Return On Assets 15.0% 8.8% 17.4% 8.0% 12.0%
Return On Equity 21.8% 16.8% 30.8% 16.9% 23.1%
Operating Profit Margin 70.5% 67.1% 79.4% 62.4% 69.6%
Net Profit Margin 68.0% 66.5% 76.7% 60.4% 66.1%
Investments / Total Assets 69.9% 66.3% 72.9% 74.8% 74.2%
Total Liabilities / Total Assets 29.5% 46.7% 42.8% 51.5% 46.6%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 185,000 370,000 250,000 252,000 220,500
Closing Share Price (KD) 0.370 0.740 0.500 0.480 0.400
Highest Price for the Period (KD) 0.460 0.800 0.740 0.510 0.520
Lowest Price for the Period (KD) 0.300 0.345 0.375 0.390 0.390
Volume (Shares thousand) 137,040 244,685 109,180 89,820 42,420
Value (KD thousand) 51,891 126,856 56,146 41,853 19,971
No. of Trades 3,738 8,729 5,891 3,384 1,277
EPS (KD) 0.040 0.106 0.051 0.085 0.085
Book Value Per Share (KD) 0.239 0.345 0.317 0.370 0.370
Dividend Per Share (KD) 0.030 0.060 0.030 0.035 NA
Price to Earnings Multiple (X) #
9.97 3.77 7.83 4.68 4.68
Price to Book Value Multiple (X) #
1.67 1.16 1.26 1.08 1.08
Dividend Yield (%) #
7.50 15.00 7.50 8.75 8.75
KD
0.530
0.510
0.490
0.470
0.450
0.430
0.410
0.390
52-Week Price Chart Rel. to KAMCO TRW Index
KINV KAMCO TRW Index
24.6.07
8.7.07
22.7.07
5.8.07
19.8.07
2.9.07
16.9.07
30.9.07
14.10.07
28.10.07
11.11.07
25.11.07
9.12.07
23.12.07
6.1.08
20.1.08
3.2.08
17.2.08
2.3.08
16.3.08
30.3.08
13.4.08
27.4.08
11.5.08
25.5.08
8.6.08
22.6.08
Index
4,800
4,700
4,600
4,500
4,400
4,300
4,200
4,100
4,000
KAMCO Research
June 22, 2008
NA: Not Applicable, NM: Not Meaningful
YTD: Beginning of year to date
#
:Historical P/E, P/B & Yield are based on
current price & historical earning per share,
book value per share & dividend per share
Investment Research Department
KIPCO Asset Management Co.K.S.C.C
KAMCO
P.O.Box: 28873 Safat 13149 Kuwait
Email : kamco_research@kamconline.com