Based on the AGM resolution for Gulf International Real Estate Company, which was held on 08-01-2013, the proposal to write off loans extended to shareholders. NIC’s share in this write-off is 851,392 KD, for its stake in the company. Accordingly, this amount will be reclassified in NIC’s financial statements in the”Other Income” item in the income statement of Q4, 2012. Gulf International Real Estate Company has also approved to settle a liability due from one of its debtors, which resulted in transferring 366,300 KD to NIC based on prior agreements with Gulf International Real Estate Company. This amount will also be recorded in NIC’s financial statements in the”Other Income” item in the income statement of Q1, 2013.