The Company held its General Assembly meeting on 20 February 2008 and announced its financial results for the period ending 31 December 2007, which posted net profit of KD 16.46 million and earnings per share of 55 fils compared to KD 10.6 Million and earnings per share of 37 fils for the same period last year. The Company's assets grew by about 70.3 % to over KD 167 Million compared to KD 98 million in 2006.

excavation works of Injazzat Tower have been completed and construction work started. The tower, located behind the Dhow Tower and rising 28 floors with a built up area of approximately 15,000 sqm, will embody the Company's keen interest in ensuring further development and enhancement of the area around the Dhow Tower.

the Company approved the initial designs for Shuwaikh Commercial Complex. The project is located in Shuwaikh Industrial Area with an area of 23,000 sqm of land, and it will be developed as a multi–use complex of commercial shops and offices with a built up area of 96,900 sqm. The construction work is expected to start in the fourth quarter of 2008, and will be completed in early 2010.