Financial Quarterly Reports 2009

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AL-WAHA ~
AUDITING OFFICE 6
ALI OWAID RUKHAEYES ~
Albazie & CO.
Member of RSM International
Member of The International Group of Accounting Firms
Public Accountants
Kuwait Airways Building, 7t~Floor
Shuhada Street, P.O. Box 2115 Safat
13022 - State of Kuwait
T + 965 22410010
T + 965 22961000
F + 965 22412761
P.O. Box 27387 Safat
13134 - State of Kuwait
Telephone: (965) 22423415
Facsimile: (965) 22423417
REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL INFORMATION
The Board of Directors
AI Mazaya Holding Company K.S.C. (Holding) and subsidiaries
State of Kuwait
Introduction
We have reviewed the accompanying interim condensed consolidated statement of financial position of AI
Mazaya Holding Company K.S.C. (Holding) (the Parent Company) and subsidiaries (the Group) as of March 31,
2009 and the related interim condensed consolidated statements of income, comprehensive income, changes in
equity and cash flows for the three months period then ended. The Parent Company's management is
responsible for the preparation and presentation of this interim consolidated financial information in accordance
with International Accounting Standard 34, 'Interim Financial Reporting'. Our responsibility is to express a
conclusion on this interim consolidated financial information based on our review.
Scope of Review
We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of
Interim Financial Information Performed by the Independent Auditor of the Entity." A review of interim
consolidated financial information consists of making inquiries, primarily of persons responsible for financial and
accounting matters, and applying analytical and other review procedures. A review is substantially less in scope
than an audit conducted in accordance with International Standards on Auditing and consequently does not
enable us to obtain assurance that we would become aware of all significant matters that might be identified in an
audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim
consolidated financial information is not prepared, in all material respects, in accordance with International
Accounting Standard 34.
Report on other Legal and Regulatory Requirernents
Furthermore, the interim consolidated financial information is in agreement with the books of account. We further
report that, to the best of our knowledge and belief, no violations of the Commercial Companies' Law of 1960, as
amended, or of the Articles of Association of the Parent Company have occurred during the period ended March
31, 2009 tha ight have had a . I effect on the business of the Group or on its financial position.
~dtshü: Shuaib Ii Owaid Rukheyes
Licence No. 72 - A
Member of the International Group
of Accounting Firms
Licence No. 33 - A
Albazie & Co.
Member of RSM International
State of Kuwait
May 11, 2009