KUWAIT CITY, July 22: Al-Eid Food Company (Al-Eid) reported that the Board of Directors met on July 22, 2012 and approved the interim financial statements for the periods ending June 30, 2012.
For the three months ending June 30, 2012, Al-Eid earned a profit of KD 175,974 with earning per share valued at 2.46 fils, as compared to a profit of KD 152,353 for the same period ending 2011.

Particulars June 30 June 30
(6 months ending) 2012 2011
Profit (KD) 412,208 321,958
Earnings per share (fils) 5.76 4.95
Total current assets 12,630,254 11,129,797
Total assets 13,672,735 12,387,397
Total current liabilities 2,840,879 3,239,563
Total liabilities 5,156,865 4,652,481
Total shareholders’ equity 8,515,870 7,734,916


Board of Directors of Al-Tijara Real Estate and Investment Company met on July 22, 2012 and approved the interim financial statements for the periods ending June 30, 2012.
Al-Tijara sustained a loss of KD 702,236 for the three months ending June 30, 2012 as compared to a profit of KD 200,985 earned during the same period ending 2011.
Particulars June 30 June 30
(6 months ending) 2012 2011
Profit (KD) (1,033,536) 709,463
Earnings per share (fils) (2.7) 1.85
Total current assets 7,629,954 11,120,071
Total assets 70,950,136 77,285,774
Total current liabilities 3,507,422 1,111,497
Total liabilities 37,866,165 36,534,963
Total shareholders’ equity 33,083,971 40,750,811


Kuwait Stock Exchange (KSE) announced that the Capital Market Authority (CMA) approved on July 12, 2012, on the request of Kuwait Investment Company (KIC) as regards buying or selling 10% maximum of its shares for six months as of July 12, 2012 till Jan 12, 2013, as per Law No. 7/2010 and its executive regulation.


Combined Group Contracting Company (CGC) signed a deal to carry out construction works for a 12 km asphalt road in Alshwaib and a 600 m asphalt road in Huwaylat area at a total value of AED 8,915,285, equivalent to about KD 686,477 over six months.