Kuwait- Mayadeen records KD 1.5 mln loss in third quarter 

(MENAFN - Arab Times) Board of Directors of National Ranges Company (Mayadeen) met on Nov 26, 2012 and approved the interim financial statements for the Q3 of 2012.

The company reported a loss of KD 1,546,763 for the three months ending Sept 30, 2012 as compared to a loss of KD 1,022,332 incurred during the same period ending 2011.

Particulars
(9 months ending) Sept 30, 2012 Sept 30, 2011
Profit (Loss) (KD) (4,841,519) (3,567,161)
Earnings per share (fils) (5.149) (3.794)
Total current assets 67,723,123 66,793,311
Total assets 108,581,493 112,216,100
Total current liabilities 80,902,937 72,458,233
Total liabilities 81,010,212 72,555,495
Total shareholders' equity 27,571,281 39,660,605

First Dubai Real Estate Development Company announced that the Chairman Siraj Saleh Mohammed Al Baker submitted his resignation as a board member representing Al-Mazaya Holding, effective Nov 26, 2012.

Future Communications Company (FCC) announced that its wholly owned company Future Communications International signed two contracts worth 6.19 million with Huawei Technologies Company Ltd.

Under the first 1-year contract, the company will maintain mobile towers and sites for Emirates Integrated Telecommunications (du) for 3.7 million.
Under the second 1-year contract, the company will undertake civil works for du for 2.49 million.