Written by: Muhammad Farouk

Kuwait - based Al Salam Group Holdings net profit for the fiscal year ended December 31, 2014 may record the highest growth rate among 12 Kuwaiti listed companies, said Ahmed Jassim AL qamar, senior direct investment manager at AL-Imtiaz Investment group.  

AL qamar forecasts came on the side line of a specialized report compiled by Mubasher, which depicts the expected financial performance of 12 Kuwaiti listed companies for 2014.

The companies included in the report are ; "Agility" , "Al Salam Group" , "Equipment Holding " , "Commercial Facilities" , "KGL Logistics" ,"Kuwait real estate" , "Gulf Petroleum Investment" , "Salbookh Trading" , "Hayat Communications" , "MAYADEEN" , "Aayan Real Estate" and "Arzan".

AL qamar expects "Agility" to top the list in terms of amount of profits, while "MAYADEEN" will be the only loser and “Equipment Holding " will be the steepest.

As for cash dividends distribution, AL qamar believes "Agility" will account for the major one, by around 40% which is the same percentage of previous year.

Meanwhile, he expects the other four companies to distribute cash dividends.

At bonus shares distribution, AL qamar said he expects that only "Agility" and "Gulf Petroleum Investment" to undergo bonus shares by 5% and 10% respectively.

However, AL qamar expects six companies out of the twelve companies not to exercise any kind of dividends distribution.

Notably, the 12 companies are distributed across five sectors in Kuwait Stock Exchange namely ; Industrial sector , Financial services sector , Real estate sector , Oil & Gas sector and Technology sector.

Translated by: Shaimaa ELSarky