Ayman Boodai, The Securities House’s Chairman and Managing Director announced today that the Securities House's net profit for the six months period ended 30 June 2007 reached K.D. 23.0 million (US $78 million), representing 51% of the company's paid up capital of K.D. 45.2 million (US $155 million) and growing by an astonishing rate of 119% compared to the same period of the last year.  Earnings per share (EPS) for the first 6 months of 2007 amounted to 52.5 fils per share compared to 24.0 fils per share for the six months ended 30 June 2006.

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 investments amounted to K.D. 20.5 million (US $70 million).  In addition, the company’s share in its associates results amounted to K.D. 2.4 million (US $8.2 million) growing by 250% compared to the same period 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".

July 18, 2007