Ayman Boodai, The Securities House’s Chairman and Managing Director announced that the Securities House's net profit for the year ended 31 December 2007 reached K.D. 27.3 million (US $100 million), representing 60% of the company's paid up capital of K.D. 45.2 million (US $165 million) and growing by 25% compared to same period last year. Earnings per share (EPS) for the year amounted to 63.0 fils per share compared to 50.2 fils per share for the year ended 31 December 2006, thus achieving a growth rate of 25%.

Mr. Boodai also added: "We, at the Securities House, are proud that operating activities are the main source of this growth, as the profits from the sale of some subsidiary companies and other investments amounted to K.D. 26.6 million (US $97.2 million).  In addition, the company’s share in the results of its associates amounted to K.D. 4.2 million (US $15.4 million) growing by 310% compared to the same period of last year."

Mr. Boodai concluded, "Our Company continues to harvest the benefits of its successful investment strategy aiming to maximize the wealth of its shareholders and clients"..

March 04, 2008