Al Imtiaz Investment K S C Public : Financial Results 31/12/2022
January 31, 2023 at 06:48 am EST
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Date: 31/01/2023
Ref: 009/BK/CAD/2023
Boursa Kuwait Company
Kuwait
Subject: Board of Directors Meeting Outcomes
With reference to the above subject, and the requirements of fourth chapter of Module Ten (Disclosure and Transparency) of the Executive bylaws of Law No 7 of 2010 regarding the establishment of the Capital Markets Authority and regulating securities activities and their amendments, please find enclosed the Disclosure Form of Material Information regarding outcomes of the Board of Directors meeting which was held today Tuesday 31/01/2023 and the annual financial statement results form for the fiscal year ended on 31/12/2022.
Pursuant to the requirements of Boursa Kuwait rules issued under Resolution No. 1 of 2018, the Analysts Conference for the fiscal year ended on 31/12/2022 is scheduled to be held on Thursday, 02/02/2023 at 1:00 PM according to the local time of the State of Kuwait via a live webcast. Interested parties may communicate with the company via email: IR@alimtiaz.comto obtain the invitation and information on how to participate in the conference.
Sincerely,
Nawaf H Marafi
Group Chief Executive Officer
Executive Board Member
Date
Name of the listed Company
Material Information
Significant effect of the material information on the financial position of the Company
Disclosure Form of Material Information
31/01/2023
ALIMTIAZ INVESTMENT GROUP COMPANY
The Board of Directors of Al Imtiaz Investment Group Company held its meeting today, Tuesday 31/01/2023 and the following items were approved:
Approved the Company's audited financial statements for the fiscal year ended on 31/12/2022.
Recommendation to the General Assembly not to distribute dividends to the Company's shareholders for the fiscal year ended on 31/12/2022.
This form shall not be deemed to be complete unless the documents mentioned above are provided
Change (%)
Comparative Year
Current Year
2021-12-31
2022-12-31
(387.3%)
1,531,883
(4,400,735)
(389.9%)
1.48
(4.29)
(5.6%)
104,288,044
98,416,735
(11.3%)
288,206,444
255,688,514
(12.0%)
45,393,405
39,935,360
(12.8%)
77,286,445
67,390,351
(11.8%)
187,402,618
165,279,518
(18.3%)
29,663,323
24,227,863
(105.7%)
3,801,745
(217,925)
N/A
N/A
N/A
Financial Results Form
1
Kuwaiti Company (KWD)
Statement
Net (Loss) Profit represents the amount attributable to the owners of the parent Company
(
Basic & Diluted (loss) Earnings per Share
Current Assets
Total Assets
Current Liabilities
Total Liabilities
Total Equity attributable to the owners of the Parent Company
Total Operating Revenue
(
Net Operating (Loss) Profit
Accumulated Loss / Paid-Up Share Capital
Change (%)
Fourth quarter
Fourth quarter Curren
Comparative Year
Year
2021-12-31
2022-12-31
(303.9%)
(888,099)
(3,586,867)
Statement
Net Loss represents the amount attributable to the owners of the parent Company
(311.8%)
(0.85)
(3.50)
Basic & Diluted loss per Share
(8.2%)
5,984,374
5,491,217
Total Operating Revenue
(711.1%)
(246,835)
(2,002,004)
Net Operating Loss
Not Applicable for first Quarter
Increase/Decrease in Net Profit (Loss) is due to
The net loss compared to the last year is due to the decline in the share of results from associates and from non-recurring profit from discontinued operations, in addition to Impairment loss and other provisions.
(
,
.
Total Revenue realized from dealing with related parties (value, KWD)
Total Expenditures incurred from dealing with related parties (value, KWD)
1,070,012
97,723
Financial Results Form
2
Kuwaiti Company (KWD)
Auditor Opinion
1.
Unqualified Opinion
.1
2.
Qualified Opinion
.2
3.
Disclaimer of Opinion
.3
4.
Adverse Opinion
.4
In the event of selecting item No. 2, 3 or 4,
4 3 2
the following table must be filled out, and this form is not considered complete unless it is filled.
There are no comments raised by the auditor
- Not Applicable
- Not Applicable
- Not Applicable
Financial Results Form
3
Kuwaiti Company (KWD)
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Alimtiaz Investment Group Co. KSCP published this content on 31 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2023 11:47:02 UTC.
Alimtiaz Investment Group Co KSCP is a Kuwait-based company engaged in the direct investment, financial structuring and asset management in accordance with the provisions of the Islamic Sharia in the Gulf countries markets. Its business operations are targeted at the financial and banking sectors, investment, industrial, real estate and service based sectors. The Company's main operations include: Investment, which involves direct and indirect investments, assets management and private ownership, as well as arranging acquisitions and mergers of companies; Consulting and company restructuring services include financial consultations for corporate, institutions and individuals, and establishing banks, financial institutions and specialized companies, and Asset management and financial brokerage offers arranging joint financing for companies and enterprises in economic sectors, carrying out securitization and issuance of Islamic sukok, and managing financial and investment portfolios.
AL IMTIAZ INVESTMENT GROUP COMPANY - K.S.C. (PUBLIC) 
