Al-Ahlia Investment Company was established in 1974 by a group of young Kuwaiti investors with a vision to participate actively in the development of the industrial sector within Kuwait. During 2004, AIC was re-structured into three main divisions in which its subsidiaries and affiliates were grouped according to industry sector.

This has resulted in increased synergies and superior co-operation within the company. The three main operating divisions consist of the following: 1. Financial Services, comprising GulfInvest International, GulfInvest-Bahrain, GulfInvest Securities Company, Al-Madinah Leasing & Investment Company.

2. Real Estate, including Al-Ahlia Gulf Holding Company, Beirut Tower, Al-Ahlia Contracting Group, Al-Ahlia's international real estate properties. 3. Industrial, consisting of Al-Ahlia Industrial Projects Company, Shuaiba Paper Products Company, Al-Ahlia Chemicals Company, Arab Building & Industrial Resources Company, Gulf International Refrigeration Industries & Storing Company.

Al-Ahlia's core activities include International Investment, Direct Investment and Corporate Finance. The firm's main strategy focuses on local market investment prospects as well as opportunistic regional and international expansion.

Individuals	N/A
Institutions	N/A
Floating	N/A
Government	N/A

Chairman	Abdullah Ahmad Al Qabandi
Managing Director	Abdullah Ahmad Al Qabandi
General Manager	Essa Khalid Al Essa
Director	Faisal Al Radwan
Vice Chairman	Faisal Abdulrazzak Al Khalid
Director	Hisham Sulaiman Al Otaibi
Director	Mohammad Abdulaziz Al Bahar
Director	Naser Mohammad Bouresli
Director	Saleh Al Yousef

	2004	2003	2002
Total Assets	232,361	116,388	52,511
Shareholder's Equity	127,548	91,000	27,165
NIAT	33,914	38,059	4,032
Dividends	10,015	13,931	1,500

	2004	2003	2002
Assets Growth	99.64%	121.65%	18.52%
Earning Growth	-10.89%	843.80%	72.46%
ROaA	19.45%	45.07%	8.33%
ROaE	31.04%	64.42%	16.02%
No. Of Shares	500,771,600	376,516,307	150,000,000
EPS	0.07	0.10	0.03
EPS Growth	-10.89%	843.80%	72.46%
Payout Ratio	29.532	36.604	37.198

	Trailing
PE
PB
DVPS
Div Yield
EV
EV/Equity

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