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AL MAZAYA HOLDING COMPANY

K.S.C.

(CLOSED) AND SUBSIDIARIES

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

SEPTEMBER

30,

2008

(All amounts are in Kuwaiti Dinars)

18. Earnings per share

Earnings per share is computed by dividing net profit for the period attributable to equity holders of the

Parent Company by the weighted average number of shares outstanding during the period.

Three months ended

Nine months ended

September 30,

September 30,

2008

2007

2008

2007

Net profit for the period attributable to equity

holders of the Parent Company

27,768,547

9,405,796

53,034,316

21,042,879

Shares

Shares

Shares

Shares

Weighed average number of issued and fully paid-up

shares

390,891,500

315,891,500

351,056,807

315,759,589

Bonus shares

63,178,300

63,178,300

63,178,300

63,178,300

Less: weighted average number of treasury shares

(10,275,904)

(7,044,200)

(7,270,315)

(16,310,878)

Weighted average number of shares outstanding

443,793,896

372,025,600

406,964,792

362,627,011

Fils

Fils

Fils

Fils

Earnings per share attributable to equity holders of

the Parent Company

62.57

25.28

130.32

58.03

Earnings per share reported for three and nine months ended September 30, 2007 were 30.34 and 69.64 fils

respectively before retroactive adjustment relating to issue of bonus shares for the year 2007.

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