Kuwait Corporate Fact Sheet

Osoul Investment Co. Fact Sheet
Investment Sector
KAMCO Research
June 22, 2008
Reuters Code: OSUL.KW Current Price (KD) : 0.160
Key Facts
KD '000 2003 2004 2005 2006 2007
Cash & Equivalent 1,816 4,413 4,479 5,762 1,656
Murabaha and Deposits 300 300 275 275 4,884
Trading Receviables 49,369 51,955 39,005 26,038 261
Held For Trading Investments 7,308 7,165 7,140 5,182 9,875
Available For Sale Investments 0 3,335 6,699 6,095 9,878
Investment Properties 5,032 9,637 14,070 10,796 10,312
Property & Equipment 12,897 18,372 18,276 7,560 90
Other Assets 5,449 5,340 6,522 6,966 24,376
Total Assets 82,170 100,516 96,466 68,673 61,330
Murabaha and Wakala Payables 61,614 64,090 56,152 31,459 1,628
Other Liabilities 2,036 3,299 3,479 2,810 18,907
Total Liabilities 63,650 67,390 59,631 34,269 20,535
Minority Interest 70 72 91 113 147
Equity 18,450 33,055 36,745 34,291 40,649
Musawama & Murabaha Income 5,767 5,661 3,866 28 165
Operating & Finance Lease Income 2,932 6,973 5,994 0 0
Investment Income 1,279 3,493 5,199 1,819 9,316
Other Operating Income 539 524 746 79 619
Total Operating Income 10,517 16,652 15,805 1,926 10,100
Total Operating Expenses 9,090 13,364 11,878 1,996 2,006
Operating Profit 1,426 3,288 3,927 (70) 8,095
Other Non-Operating income(loss) 0 0 0 (1,280) 174
Other Expenses 53 166 219 22 382
Net Profit
Key Ratios
1,373 3,122 3,708 (1,373) 7,886
2003 2004 2005 2006 2007
Return On Assets 1.7% 3.1% 3.8% NM 12.9%
Return On Equity 7.4% 9.4% 10.1% NM 19.4%
Operating Profit Margin 13.6% 19.7% 24.8% NM 80.1%
Total Investments / Total Assets 15.0% 20.0% 28.9% 32.1% 49.0%
Net Profit Margin 13.1% 18.8% 23.5% NM 78.1%
Total Liabilities / Total Assets 77.5% 67.0% 61.8% 49.9% 33.5%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 55,000 79,800 62,647 56,952 55,686
Closing Share Price (KD) 0.220 0.285 0.198 0.180 0.160
Highest Price for the Period (KD) 0.265 0.350 0.310 0.226 0.198
Lowest Price for the Period (KD) 0.178 0.208 0.146 0.170 0.156
Volume (Shares thousand) 552,390 1,302,130 862,950 1,097,600 386,460
Value (KD thousand) 121,796 354,612 178,459 219,831 68,706
No. of Trades 11,251 30,790 18,744 19,719 6,077
EPS (KD) 0.013 0.012 (0.000) 0.025 0.025
Book Value Per Share (KD) 0.132 0.131 0.111 0.133 0.133
Dividend Per Share (KD) 0.000 0.000 0.000 0.005 NA
Price to Earnings Multiple (X) #
12.80 13.65 NM 6.39 6.39
Price to Book Value Multiple (X) #
1.21 1.22 1.45 1.20 1.20
Dividend Yield (%) #
0.00 0.00 0.00 3.13 3.13
KD
0.225
0.215
0.205
0.195
0.185
0.175
0.165
0.155
52-Week Price Chart Rel. to KAMCO TRW Index
OSOUL 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