Commenting on what was published by some media according to Reuters the day before, that the National Investments Company’s results showed net profit fall of 189% to reach KD 621,000 (US 2 million) in the second quarter of this year compared to KD 1.79 million for the same period last year. We would like to inform you that the news mentioned above is contrary to reality. The correct news is: The National Investments Company’s results announced today, Sunday, showed a net profit rise of 189% to reach KD 1.79 million (US 5.9 million) only in the second quarter of this year compared to KD 621 thousand for the same period last year. The company said in a statement posted on the Boursa Kuwait for Stock Exchange that its profit reached KD 3.8 million in the first half of 2015 compared to KD 2.26 million in the same period last year, with an increase of 68%. The earnings per share were 4.46 Fils and with a rise of 69.5% compared to the same period last year. Noting that Reuters made a statement and corrected the news referred to above on Sunday 09/08/2015. At the wish of National Investments Company to clarify the matter and to remove any ambiguity or confusion about this matter, we need to clarify this and explain it to the public of investors and interested parties.

Commenting on what was published by some media according to Reuters the day before, that the National Investments Company’s results showed net profit fall of 189% to reach KD 621,000 (US 2 million) in the second quarter of this year compared to KD 1.79 million for the same period last year. We would like to inform you that the news mentioned above is contrary to reality. The correct news is: The National Investments Company’s results announced today, Sunday, showed a net profit rise of 189% to reach KD 1.79 million (US 5.9 million) only in the second quarter of this year compared to KD 621 thousand for the same period last year. The company said in a statement posted on the Boursa Kuwait for Stock Exchange that its profit reached KD 3.8 million in the first half of 2015 compared to KD 2.26 million in the same period last year, with an increase of 68%. The earnings per share were 4.46 Fils and with a rise of 69.5% compared to the same period last year.

Noting that Reuters made a statement and corrected the news referred to above on Sunday 09/08/2015. At the wish of National Investments Company to clarify the matter and to remove any ambiguity or confusion about this matter, we need to clarify this and explain it to the public of investors and interested parties.