Kuwait Corporate Fact Sheet

The Investment Dar Fact Sheet
Investment Sector
Reuters Code: TIDK.KW Current Price (KD) :
June 22, 2008
0.880
Key Facts
KAMCO Research
KD ' 000 2003 2004 2005 2006 2007
Cash & Cash Equivalents 19,836 26,175 27,352 114,211 33,386
Trade Receivables 169,775 189,453 161,802 197,927 130,327
Prepayments & Other Debit Balances 12,036 18,284 71,914 54,158 62,673
Murabaha Investments 537 540 14,302 64,157 173,373
Investments Held for Trading 2,631
37,811
114,509
131,805
81,731
Investments Available for Sale 9,402 5,346 127,345 221,414 141,945
Investments in Real Estates 24,114 26,219 66,919 80,830 113,404
Land & Real Estate Under Development 28,269 22,612 24,196 38,252 3,581
Investments in Associates & Unconsolidated Subsid. 807 990 52,945 138,816 519,925
Other Assets 3,087 7,024 8,346 19,209 21,897
Total Assets 270,494 334,453 669,629 1,060,779 1,282,242
Trade Payables & Other Credit Balances 18,364 10,020 114,635 21,105 54,464
Murabaha & Wakala Payables 183,893 209,185 331,796 598,401 760,342
Islamic Sokouks 0 0 28,573.26
66,196.38
55,859.75
Other Liabilities 498 700 789 1,449 1,324
Total Liabilities 202,754 219,906 475,793 687,152 871,989
Minority Interest 288
2,742
16,820
64,487
38,021
Equity 67,452 111,805 177,015 309,140 372,232
Income from Financing Activities 13,944 14,468 20,118 31,671 27,621
Management, Placement, & Advisory Fees 1,325 6,093 16,550 27,986 17,241
Realized Investment Income 11,121 26,699 45,643 90,497 154,359
Unrealized Investment Income 7,296 5,396 38,500 12,419 21,125
Total Income 33,686 52,657 120,811 162,573 220,345
Financing Costs 11,267 14,119 17,884 40,931 61,436
General & Administrative Expenses 5,131 8,056 12,498 19,085 23,446
Provision for Doubtful Debts 3,218 2,194 2,825 5,251 2,960
Operating Profit 14,070 28,288 87,605 97,306 132,504
Minority Interest 16.25
416.15
5,007.68
2,382.75
2,257.77
Other Expenses 1,153 924 2,106 2,916 4,380
Net Profit
Key Ratios
12,901 26,948 80,491 92,007 125,866
2003 2004 2005 2006 2007
Return On Assets 4.8% 8.1% 12.0% 8.7% 9.8%
Return On Equity 19.1% 24.1% 45.5% 29.8% 33.8%
Mgmt., Placement, & Advisory Fees/ Total Op. Income 3.9% 11.6% 13.7% 17.2% 7.8%
Income From Financing Acitivties / Total Op. Income 41.4% 27.5% 16.7% 19.5% 12.5%
Total Investment Income / Total Op. Income 54.7% 61.0% 69.6% 63.3% 79.6%
Realized Investment Income / Total Inv. Income 60.4% 83.2% 54.2% 87.9% 88.0%
Total Liabilities / Total Assets 75.0% 65.8% 71.1% 64.8% 68.0%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 299,242 902,798 894,683 778,587 839,653
Closing Share Price (KD) 0.590 1.780 1.260 1.020 0.880
Highest Price for the Period (KD) 0.600 2.040 1.900 1.340 1.320
Lowest Price for the Period (KD) 0.320 0.580 1.040 0.930 0.850
Volume (Shares thousand) 674,760 433,950 179,970 412,785 237,585
Value (KD thousand) 307,491 504,260 253,518 462,476 256,877
No. of Trades 17,077 21,996 14,669 32,792 12,964
EPS (KD) 0.056 0.125 0.138 0.167 0.167
Book Value Per Share (KD) 0.221 0.352 0.442 0.496 0.496
Dividend Per Share (KD) 0.025 0.035 0.050 0.070 N/A
Price to Earnings Multiple (X) #
15.86 7.06 6.36 5.28 5.28
Price to Book Value Multiple (X) #
3.98 2.50 1.99 1.77 1.77
Dividend Yield (%) #
2.84 3.98 5.68 7.95 7.95
KD
1.350
1.275
1.200
1.125
1.050
0.975
0.900
0.825
24.6.07
8.7.07
22.7.07
5.8.07
19.8.07
2.9.07
52-Week Price Chart Rel. to KAMCO TRW Index
TID KAMCO TRW Index
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