IIG Prospectus - London Stock Exchange

-10-Compensation to key management personnel2005KDShort-term benefits 216,600Long-term benefits 18,050Management incentive 782,9899. Investments available for sale2005 2004KDKDBalance at beginning of the year 2,096,673 1,776,643Additions 5,932,598 652,653Disposals - (466,830)Cumulative changes in fair value 1,055,037 134,207Impairment losses for investments available for sale (611) -Balance at the end of the year 9,083,697 2,096,673Investments available for sale include the following:2005 2004KDKDQuoted securities 6,501,489 -Unquoted securities 1,832,833 1,832,833Investment in funds 3,763,007 2,707,970Portfolio managed by others 83,761 652,653Impairment loss for investment available for sale (3,097,393) (3,096,783)9,083,697 2,096,673It was not possible to reliably measure the fair value of quoted securities since they were suspended for morethan one year in Bahrain Stock Exchange. Also, the Company is in process of listing that securities in KuwaitStock Exchange, so the Company decided not to value the securities until it has market price In the activemarket, accordingly, they were stated at cost.Also, it was not possible to reliably measure the fair value of unquoted securities, certain investments in fundsamounting to KD 3,886,689, due to non-availability of a reliable method that could be used to determine thefair value of such investments, accordingly, they were stated at their cost less impairment losses, if any.During the year ended December 31, 2005, the Company settled a loan for the benefit of a related party froma local bank accordingly the Company received 46,140,00 share of the Gulf Monetary Group – B.S.C (relatedparty) for an amount of KD 5,848,836.10. Investment in associatesPercentage of ownershipCountry ofincorporation 2005 2004Ta’ajeer Company S.S.C. Saudi Arabia 27.79% 27.79%Grand Real Estate Projects Company - K.S.C.C. Kuwait 20% 36.75%Gulf Petroleum Company – K.S.C.C. Kuwait 20% -Ajal Holding Company – K.S.C. (Closed) Kuwait 42.83% -F-51