Abdul Rahman Al Jasmi

Kuwait-based Gulf Holding Company (GHC) K.S.C. (holding) announced a net profit of KD5.78m ($21.61m approx) for the financial year 2007-08, with earnings per share at 7.51 fils, total shareholder's equity at KD96.10m and total value of assets at KD185.00m.

Subject to approval by the Annual General Meeting (AGM), the Board of Directors has proposed the company's maiden dividend of 10% as bonus shares.

Commenting on GHC's performance over the three years since it began operations, Chairman...