In the Name of Allah the Most Gracious, the Most Merciful

Dear Shareholders,

Greetings,
I would like to start my speech by praising God to Whom be ascribed all perfection and majesty and by praying to the Prophet, God's praise and peace be upon him. I am really happy to meet with you in our annual meeting and would like, on behalf of the members of the board of directors and on the occasion of the completion of the third year of the company, to inform you of the continuous good results and achievements of the company during the financial year ended December 31, 2007 AD.

Perhaps the fruitful cooperation from the part of the executive administration and human cadres experienced in the development of the Islamic activities and investments in the company did result in the putting of the basic pillar to rehabilitate your company to become a distinguished mark in the Kuwaiti and Gulf financial market. 

Dear Shareholders,
The company worked in 2007 to execute and crystallize your ambitions and aspirations through two main axes being the development of the existing business and the addition of new activities and investments to the company. In summary, these main axes were achieved through the following:

Development of the existing business through:
1. Hard work to keep the continuing success of the performance of the company's existing funds which all achieved honorable results and good returns during the past year.
2. The company sought to achieve the best possible returns for the funds it manages while putting future visualizations to how to develop these funds in order to attract new monies or ameliorate the return levels to achieve the highest satisfaction for customers.
3. Successful continuing of the work in the field of listing consultant for shareholding and closed companies wishing to be listed in the Kuwait Stock Exchange whereas the company did the second successful listing operation for the MUNTAZAHAT Kuwaiti Company in the middle of last year.

Innovation and addition of new activities and services:
The company paid special attention to expanding its activities and diversifying the services it offers to its customers through the several achievements during the year 2007 AD, being summarized as follows: 
   
 Establishment of companies with diversified activities, including:

1. Contribution in the establishment of Investment Dar Bank in the Kingdom of Bahrain with the cooperation of a chosen group of investors for an authorized capital of one billion American dollars and a subscribed capital of 200 million American dollars.
2. Establishment of several companies in the different vital activities and sectors such as the Future Vision General Trading and Contracting Company, a company with limited liability working in diversified fields. Establishment of STEHWAZ Real Estate Company for a capital of 5 million Kuwaiti Dinars for one of the customers. The establishment of several companies with limited liability of different activities and economic fields.
3. In addition to these companies, the company is on the brink of completing the establishment of a Saudi shareholding real estate company being "Manazel Real Estate Company" for an authorized capital of 300 million Saudi Riyals, and is a company specialized in the housing sector in the Kingdom of Saudi Arabia.
4. The company also initiated the procedures of establishing an investment company in the Kingdom of Saudi Arabia under the name of Gulf Money House Company for a capital of 50 million Saudi Riyals. The company expects to obtain the final approval on the establishment of the company during the year 2008.
5. The company management succeeded in putting the basic pillar for the creation of a new administration specialized in finance activities. The activity strategy, the goals and the financial requirements of the administration for the year 2008 AD were set.  

 Offering of new products and investment channels for the company customers: 

1. During the year 2007, the company offered a real estate investment opportunity "Golden Real Estate Portfolio" in Sharjah Emirate in the United Arab Emirates. Furthermore, this opportunity was met with great demand from the part of investors and customers.
2. The company offered, in the midst of 2007 AD, the elite fund specialized in the investment in companies listed in all the sectors of the Kuwait Stock Exchange and in conformity with the provisions of the Islamic Sharia.
3. During the last year, the company completed the establishment of Adam Real Estate Investment Fund under all its types in the Republic of Singapore with the cooperation of a number of big consultation companies.  
4. The company is currently working on providing the electronic trading service and it is expected to be provided during the current year, God willing. 

Strategic steps to achieve the goals:

In order to achieve these goals and ambitions the company put before its eyes, the company did the following:

1. Increased its capital to 50 million Kuwaiti Dinars approximately after obtaining the approval of the ordinary general assembly by distributing bonus shares and consequently the authorized, subscribed and fully paid capital reached an amount of 50 million Kuwaiti Dinars approximately distributed on 500 million shares approximately for a nominal value of 100 Kuwaiti Fils per share.
2. At the end of last year 2007, the company introduced a new unit being the "Follow-up and Customers Relations Unit" in the aim of meeting the needs of customers. The company also commissioned the Unit with the carrying out of some vital tasks in the company such as the procurement of technical assistance to the different departments of the company in addition to the preparation of reports for the senior management. 

Dear Shareholders,