Arabi Holding Company announced that the wholly owned subsidiary Arabi Agriculture Company has been awarded by the Public Authority of Agriculture Affairs and Fish Resources to execute develop and maintain decorative agriculture and irrigation in the Third District. The three-year tender is worth KD 3,599,883.

Al Mudon International Real Estate Company announced that its Board of Directors approved on March 9, 2010 the company’s financial statements for the year ended December 31, 2009. The statements revealed a net profit amounting to KD 136,850 and Earnings per Share of 1.37 fils compared to a net profit of KD 3,382,523 and Earnings per Share of 33.83 fils for the year 2008. The Board of Directors has also recommended retaining earnings for the financial year 2009.

The Kuwait Fund for Arab Economic Development intends to ink an loan agreement with the Syrian government under which KFAED will finance the development and expansion project of the water supply network in Damascus. KFAED will finance 35% of the project’s total cost amounting to EUR 115 million.

Kuwait Stock Exchange announced the validity end of Option Contracts for the month of February 2010 on February 24, 2010. Because February 25, 2010 is an official holiday, Option Contracts will be settled by the last working day.