Jiblah holding submitted the documents yesterday to Kuwait Stock Exchange including its balance sheet and its shareholders record, showing 13% profitability earned on the capital realized by the company during the third quarter. According to some informed sources, the company has thus satisfied all conditions required by the Kuwait Stock Exchange to be listed.

These sources added that the company intends during the coming period to invest in Iraq undertaking mainly infrastructure and industrial projects in Najaf and Karbala, as soon as the region becomes stable and the reconstruction process is launched.

"The company plans to expand its activities in the Gulf and Arab regions seeking to achieve important profits in a short period of time, in addition to some projects in the petroleum sector in the GCC countries and other projects in the Kingdom of Saudi Arabia", the sources stated.

The sources revealed that the investments of the company increased from K.D 2 Million to K.D 25 Million, explaining that the company owns 16% of the Environment Preservation Industrial Company, 25% of the Arab International Industrial Projects Company established by the end of 2006, 15.8% of Kuwait Slaughter House Co, 9.3% of the National Slaughter House Co and 30% of Kuwait National Lube oil Manufacturing Co.