The earnings per share (EPS) stood at 12 fils in 2008, versus 115 fils in 2007. The company’s total assets rose to KWD 22.7 million at end-December 2008 from KWD 18.9 million a year ago.
The board of directors has recommended a 10% bonus issue, at a rate of 10 shares for every 100 shares held.
In April 2008, Hilal Cement said it had acquired 100 per cent in a local ready-mix concrete producer for KWD3.2m. A month earlier, the company bought 100 per cent in local ready-mix concrete producer Gulf Readymix for KWD 3.7m. In February, a similar deal was concluded in which Hilal Cement acquired Kuwait German Readymix.
