Ayman Boodai, The Securities House’s Chairman and Managing Director announced today that the Securities House's net profit for the nine-month period ended 30 September 2007 reached K.D. 27.7 million (US $100 million), representing 61% of the company's paid up capital of K.D. 45.2 million (US $163 million) and growing by K.D. 13.8 million (US $50 million) compared to same period last year. Earnings per share (EPS) for the first 9 months of 2007 amounted to 63.6 fils per share compared to 31.8 fils per share for the nine months ended 30 September 2006, thus achieving an astonishing growth rate of 100%.

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. 23.8 million (US $86 million).  In addition, the company’s share in the results of its associates amounted to K.D. 3.7 million (US $13.3 million) growing by 350% 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".

October 29, 2007