In its meeting held on 5 March 2008, the Board of Directors of the Securities House has proposed the following to the parent company’s shareholders on record as of the date of the general assembly:
1- Cash dividend of 25% of paid up share capital.
2- Bonus issue of 25% of paid up share capital.

In addition, the Board also proposed a capital increase through rights issue of 25% of paid up share capital at 275 fils per share made up of par value of 100 fils and share premium of 175 fils.

The amount of cash proceeds from the capital increase, net of proposed cash dividends, approximates K.D. 19.0 million (US $69 million), which is expected to enhance the liquidity position and the capital structure of the company.

These proposals are subject to the approval of the ordinary general assembly of the shareholders of the parent company and authorities.

March 05, 2008