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AL MAlAYA HOLDING COMPANY K.S.C. (CLOSED) AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2008
(All amounts are in Kuwaiti Dinars)
36.
Fiduciary accounts
The Group manages projects on behalf of others, and maintains cash balances and notes receivable in
fiduciary accounts, which are not reflected in the Group's balance sheet. Assets under management at
December
31,2008,
amounted to KD
65,696,016
(December
31,2007 -
KD 11,247,216).
37.
Capital commitments and contingent liabilities
At December 31,
2008,
the Group had capital commitments and contingent liabilities in respect of the
following:
2008
Letters of guarantee
Capital commitments
27,861,300
4,948,283
32,809,583
2007
24,944,145
57,538,953
82,483,098
37