Jiblah Holding Company’s Chief Executive Officer and Managing Director, Mr. Mahmoud Al-Jaafar, stressed the fact that the Company had realized record profits by the end of its financial year ended as of 31 March 2008, due to the Company’s performance and operational activity, achieving profits amounting to about KD. 5.5 million. The Company’s stock profitability amounted to about 30 Kuwait Fils per share.

In his special statement to “Aalam Al-Youm”, Al-Jaafar expressed Jiblah’s intention to distribute a-15% dividends at 7.5% cash and 7.5 grant shares to the Company’s shareholders. This decision is to be taken heels the Company’s General Assembly due to be held within the next two weeks.

Distinguished Profits

In relation to the Company’s profits  for the 1st Quarter due to be over by the end of this month, Al-Jaafar expected that the Company will realize distinguished profits by the end of the 1st Quarter, ranging between 8 to 10 fils per each share. Al-Jaafar also stated that “Jiblah” has fully covered the placement to increase the capital of its subsidiary “Al Dhow for Environmental Projects” from 6 to 20 million Kuwait Dinar, by means of introducing new strategic partners, i.e. Boubyan Petrochemicals Co., Boubyan Industries Holding Co. and Financial & Industrial Investments Co.