Kuwait Corporate Fact Sheet

Kuwait Financial Centre Fact Sheet
Investment Sector
Reuters Code: MARKZ.KW Current Price (KD) : 0.280
Key Facts
KAMCO Research
June 22, 2008
KD ' 000 2003 2004 2005 2006 2007
Cash & Cash Equivalent 1,292 1,443 3,584 3,006 2,430
Short-Term Investments 13,618 42,400 59,795 51,842 72,185
Long-Term Investments 48,840 44,387 60,347 66,827 76,829
Loans to Customers 8,376 10,727 21,779 16,439 20,388
Investment in Property 1,109 36 36 36 3,101
Other Assets 5,006 3,044 5,963 4,333 12,785
Total Assets 78,241 102,037 151,504 142,483 187,718
Short-Term Loans 3,062 17,651 17,639 32,906 23,422
Other Liabilities 4,153 2,968 5,111 3,907 5,760
Bonds 27,300
Total Liabilities 7,215 20,619 22,750 36,813 56,482
Minority 54 66
Equity 71,026 81,418 128,754 105,616 131,170
Management Fees & Commissions 5,578 7,201 14,099 11,412 15,700
Realized Investment Income 5,388 8,195 14,559 8,656 17,683
Unrealized Investment Income 4,725 4,716 18,514 (7,640) 4,561
Other Operating Income/(Loss) 323 107 (154) 313 (588)
Total Operating Income 16,014 20,219 47,018 12,741 37,356
General & Administrative Expenses 2,010 3,701 5,369 5,233 6,567
Operating Profit Before Interest Expense 14,004 16,518 41,649 7,508 30,789
Interest Expense 203 388 535 1,867 2,310
Other Income/(Loss) (3,724) (1,173) (1,036) 4 (340)
Other Expenses 452 601 1,409 299 1,122
Net Profit
Key Ratios
9,625 14,356 38,669 5,346 27,017
2003 2004 2005 2006 2007
Return On Assets 12.3% 14.1% 25.5% 3.8% 14.4%
Return On Equity 13.6% 17.6% 30.0% 5.1% 20.6%
Mgmt Fees & Commissions / Total Operating Income 34.8% 35.6% 30.0% 89.6% 42.0%
Realized Inv. Income / Total Operating Income 33.6% 40.5% 31.0% 67.9% 47.3%
Investments / Total Assets 81.2% 85.1% 79.3% 83.3% 81.0%
Total Liabilities/ Total Assets 9.2% 20.2% 15.0% 25.8% 30.1%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 97,600 280,000 114,400 158,400 141,680
Closing Share Price (KD) 0.244 0.700 0.260 0.360 0.280
Highest Price for the Period (KD) 0.255 0.810 0.750 0.450 0.420
Lowest Price for the Period (KD) 0.156 0.240 0.232 0.238 0.265
Volume (Shares thousand) 808,360 1,322,550 668,070 652,910 129,620
Value (KD thousand) 172,585 688,582 264,744 234,418 46,107
No. of Trades 13,440 35,158 23,827 17,807 3,802
EPS (KD) 0.038 0.097 0.013 0.065 0.065
Book Value Per Share (KD) 0.209 0.322 0.253 0.319 0.319
Dividend Per Share (KD) 0.020 0.050 0.010 0.025 NA
Price to Earnings Multiple (X) #
7.39 2.90 22.33 4.32 4.32
Price to Book Value Multiple (X) #
1.34 0.87 1.11 0.88 0.88
Dividend Yield (%) #
7.14 17.86 3.57 8.93 8.93
KD
0.460
0.430
0.400
0.370
0.340
0.310
0.280
0.250
52-Week Price Chart Rel. to KAMCO TRW Index
MARKAZ 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
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