Richard Melson

April 2006

KAMCO Kuwait

KIPCO Asset Management Co.

http://www.kamconline.com/default.jsp?jsessionid=9230ca425b5ee54376a7

In these times of accelerating change and market volatility, thorough knowledge and insight into local and global market conditions are more important than ever. This is where KAMCO comes in.

Established in 1998, KAMCO is a member of Kuwait Projects Company (Holding) group, which is among the largest holding companies in the Middle East, with a regional network of companies which enjoy leading positions in their respective fields. In June 2003, KAMCO increased its share capital from KD 15 million to KD 20 million. As of October 2003, KAMCO became listed on the Kuwait Stock Exchange.

KAMCO offers its clients comprehensive access to local and international capital markets as well as a comprehensive selection of financial services. These services are provided by a team with a proven track record which is able to develop customized solutions to meet individual client needs.

KAMCO focuses on two major activities: Asset Management and Financial Services.

Our asset management services include brokerage, tailored portfolio management, forward trading, IPOs, local and international fund management, own label and third party funds (KAMCO also offers as comprehensive investment research services). KAMCO’s strong presence in the financial marketplace has been reflected in the dynamic growth of its assets under management which now stand at nearly KD 1.3 billion.

Our financial services comprise the full range of corporate finance advisory services, including mergers and acquisitions, underwriting, private placements, strategy development and strategic planning, project and investment evaluation and consulting as well as private equity.

Headquartered in Kuwait but with affiliations that span the globe, KAMCO enjoys a leading position and competitive advantages over other investment firms in Kuwait. Our aim is to serve all our clients’ needs and constantly bolster our position as one of the leaders and innovators in asset management and financial services in the Middle East.

Feel free to call us during our regular office hours of 8:30am-4pm Saturday through Wednesday. Our complete contact information is provided below for your reference.

Street Address:

KIPCO Asset Management Co. K.S.C (Closed)

Al-Shaheed Tower, Floors 12-15

Khalid Bin Waleed Street, Sharq

Kuwait

Postal Address:

P.O. Box 28873, Safat 13149, Kuwait

Telephone & Fax

General:

(+965) 805 885

Asset Management:

(+965) 246 8299

Financial Services:

(+965) 244 7195

Client Relations:

(+965) 249 1923

Marketing:

(+965) 243 6723

Investment Research:

(+965) 241 8074

Fax:

(+965) 244 5918

Email Addresses:

General

info@kamconline.com

Marketing

marketing@kamconline.com

Asset Management

tpm@kamconline.com

Corporate Finance

cf@kamconline.com

Client Relations Department

clientrelations@kamconline.com

Any views or opinions expressed in this message are those of the author
and do not necessarily represent those of:

KIPCO Asset Management Company KSCC

Credit Rating and Collection Company announced its Q1 2006 financial results with net profit coming in at KD 784,350, up by 16.9% from a net profit of KD 670,852 for the same period of 2005.

Kind regards

Investment Research Department

Latest News:

http://www.kamconline.com/default.jsp?jsessionid=9230ca425b5ee54376a7

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CBK allows two Kuwaiti companies to buy own stocks

First Quarter 2006 Earnings Announcement

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04.10.2006CreditRating.pdf (0.04 MB)

KAMCO Research Kamco_Research@kamconline.com

Monday, April 10, 2006

Please find attached KSE Daily Briefing.

Investment Research Department

Kind regards

Kuwait Stock Exchange Daily Briefing as of 10.04.2006

Attachment:

C_TEMPnsmail6E.gif (0.01 MB), KSE_10.04.2006.pdf (0.13 MB)

KAMCO Research Kamco_Research@kamconline.com

KIPCO Asset Management Co. K.S.C (Closed)

Monday, April 10, 2006