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AL MAZAYA HOLDING CO:MPANY K.S.C AND ITS SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT

AUDITORS'REPORT

MAZAYA

"""'TOwm

For the year ended 31 December 2011

INDEX

Page

Independent auditors' report

1-2

Consolidated statement of financial position at 31 December 20 Il

3

Consolidated statement of income for the year ended 31 December 20 Il

4

Consolidated statement of comprehensive income for the year ended 31 December 20 Il

5

Consolidated statement of changes in equity for the year ended 31 December 20 Il

6

Consolidated statement of cash flows for the year ended 31 December 20 Il

7-8

Notes to the consolidated financial statements

9-41