Mr. Bader Musa'ed Al-Sayer, Chairman of Jiblah Holding Co., announced that Saturday corresponding to 17^th of the current month will witness offering 36.2 million shares for private placement in order to expand the shareholder base, pointing out that the Placement Manager shall be The Investment Dar Co. Al-Sayer also made it clear in press statements that heels the Ordinary and Extraordinary General Assembly meetings, the Company is seeking to obtain the final approval for listing on KSE, referring to the fact that the Company will submit today an application to KSE Listing Committee for that purpose.

Al-Sayer also said that the Company owns shares in various projects based on the BOT system, referring that the latest one is the solid waste processing project relevant to the environment, wherein the Company own KD 14 million. Meanwhile, he also referred to the Company's second shareholding, i.e. that with Arab International Industrial Projects Company, based on a-25%-shareholding.

He added that the Company is in pursuit to have a share with Levant Holding Co. that owns projects valuing $1.3 billion in Lebanon, referring to the fact that the project shall be established on the Martyrs Arena with a hotel, residential and commercial complexes and offices. He also referred that Jiblah will share its allies with 40%, where the Company's share shall constitutes 4 – 6% thereof.

Al-Sayer also referred to the fact that Jiblah Holding Co. has a-30%-share in National Lubricant Oils Co. whose capital amounts to KD. 10 million.

Mr. Al-Sayer added that the Company adopted its own approach, hence established a highly competent investment department capable of creating long-term opportunities and allies in order to establish the Company highly prestigious in the Arab investment world, so that the investment opportunities on offer exceeded 120 throughout the lapsed year, out of which five only were selected in the sectors of maritime transportation, service projects in the Republic of Iraq, as well as solid waste processing, oils and electronics in the State of Kuwait and other states e.g. Oman Sultanate, Hashemite Kingdom of Jordan, and Republic of Iraq.

In relation to the Company's track record, Al-Sayer pointed out that the year 2005 had been a decisive one as the Company's share capital has been increased from KD. 2,508,000 to KD. 15,600,000. Upon paying up the capital increase, in October of the same year, the Company realized positive outcomes, as returns increased from KD. 477,269 to KD. 2,409,707 with an increase rate of 404%, and the net profit increased from KD. 4290,397 to KD. 2,026,484, with an increase rate of 372%.

The Company also had a strategic step ahead through transferring from a specialized small industrial projects company, under the name of a light industries company, into a holding company focusing on the manufacture and services sectors. In this regard, Mr. Al-Sayer also referred to the fact that the Company had expanded its second main branch in the free zone, using state-of-the-art technology in order to align with the development taking place in the area in using communication media.

On the other hand, the Company's CEO, Mr. Mahmoud Al-Ja'far, spoke about the external activity, confirming the Company's determination to access the Omani market, via acquiring Al-Ru'ia Investment Services Company, one of the major Omani investment companies, with a share capital of around OR 10 million, referring to the fact that Jiblah's share therein is 10% out of about 60 to 70% shareholding rate by its strategic allies. Al-Ja'far also said that Jiblah has already accessed the Jordanian market via shareholding in Middle East Complex for Engineering, Electronics and Heavy Industries Company.

Al-Ja'far concluded his statement saying that out of the volume of Company's projects in progress amounts to about KD. 25 million, and is expected to increase into KD. 40 million before the year end.

The Company's Ordinary General Assembly had approved the distribution of gift shares with the rate of 9% of the paid up capital, equivalent to 9 shares per each 100 shares, for the financial year ended 31 March 2006, to be granted to shareholders recorded in the Company's registers until the date of holding Ordinary General Assembly meeting, by means of issuing 14,040.000 shares valuing KD. 1,404.000, with a nominal value of KF 100 per each share, so that the Company's new capital will be KD. 17,004.000 distributed over 170,040,000 shares.