IFA Times

Welcome to issue 7 of IFA Times. As predicted, this summer has seen us as busy as ever at IFA Hotels & Resorts as we have been launching additional products, expanding into new markets and accepting coveted accolades.

The most recent highlight for us has been our entry into the idyllic Seychelles and our first venture in the wildlife hospitality market, Legend Golf and Safari Resort.

We are very excited to be offering these investment opportunities as part of our African and Indian Ocean expansion plans.

We were also very happy to welcome our first guests to YOTEL at Gatwick Airport, and look forward to the second site opening in the near future at Heathrow.

Our Portugal and South African offices have been busy accepting huge honours from the CNBC International Property Awards and the International Property Awards respectively. Well done to everyone involved.

And finally our year-end financial results which are explained in greater detail in this issue, confirm the success we’ve achieved this past year. We look forward to even greater success in the years to come.

Until next time,
Werner Burger
President & COO
IFA Hotels & Resorts

With a global portfolio growing at a steadfast rate, IFA Hotels & Resorts (IFA HR) is delighted to be making its first foray into the idyllic Seychelles with the addition of a luxurious hotel, residences and village marina on the 480 acre (1,942,491 square metres) island of Ste Anne. Named ‘Zilwa’ meaning ‘islander’ in the local Creole language, the development is a joint venture partnership with Indian Ocean Resorts Ltd (IOR).

Zilwa will offer buyers and visitors alike a combination of tranquil island living, security, privacy and understated style, wedded to world-class services. The atmosphere ranges from calm to heady, depending on where they choose to spend their time.

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This year’s end profits of KD22.82 million (US$ 79,627,736) or 76.81 fils per share (27 cents), has seen IFA Hotels & Resorts achieve a 236% increase in profits compared to last year. We are also happy to announce to our shareholders share dividends of 15% bonus shares and 30% cash bonus for this period.

“We are very pleased with these results as we have now been listed on the Kuwait Stock Exchange for a year and a half”, commented our Chairman and Managing Director, Talal Jassim Al-Bahar. “By diversifying investments and further developing our international presence, we will continue to strive to maximize shareholder returns and work on constantly developing a diversified portfolio that benefits investors and shareholders. We have confidence that next year will be even more successful.”

Revolutionising the Hotel Market Set to revolutionise the global hotel industry and make travel more enjoyable, YOTEL, the innovative new hotel concept, recently opened the doors at its first location, Gatwick Airport. This opening forms the inaugural step in an aggressive expansion plan for the brand and is the first of many YOTELs that IFA Hotels & Resorts aims to open around the globe. more...	IFA Hotels & Resorts Enter Into Wildlife Market In the shadow of the imposing Hanglip mountain, lies IFA Hotels & Resorts’ newly acquired Legend Golf & Safari Resort development, our first exciting venture into the wildlife hospitality market. The development forms part of the 22,000ha (220 million square metres) Big Five Entabeni Safari Conservancy, situated in South Africa’s Limpopo Province. more...	Online Sailing Now live on www.ifayoc.com, the site reflects the new look and feel of our recently updated IFA Hotels & Resorts corporate website and provides a comprehensive guide to anyone wanting to charter or buy a yacht or perhaps explore the benefits of our unique IFA Yacht Ownership Club. With information on the fleet, destinations and cruising zones as well as all amenities and activities available for members or owners, the website is a one-stop-shop for anyone interested in learning more about our prestigious yachting experiences. more...

Pine Cliffs Summer Gala 2007 and the 15th Anniversary of the Resort Following its tradition of producing events that are truly the highlight of the Algarve’s summer cultural calendar, the living legend, Lionel Richie, performed and enchanted the exclusive audience, at the annual Pine Cliffs Summer Gala, on the 1st August 2007. The magical night took place in the magnificent gardens of the Casa Pine Cliffs - the resort’s latest project - Pine Cliffs Residence. more...	Pine Cliffs Residence - one of the top five developments in the world Pine Cliffs Residence has been nominated by CNBC in the category ‘Best International Development’ at the CNBC International Property Awards to be held in Las Vegas. A maximum of five developments from around the world have reached this level of success and the winning development will be announced at the Gala Awards Presentation Dinner at the Bellagio Hotel and Resort in Las Vegas on November 16th. more...	Pine Cliffs Premier & Vacation Club Join the Registry Collection® Members of the Pine Cliffs Premier Club and the Pine Cliffs Vacation Club can now take advantage of a luxury holiday exchange programme enabling them to enjoy other prestigious holiday destinations around the world, while retaining their membership and home at Pine Cliffs. more...

Zimbali Coastal Resort Does it Again at International Property Awards For the second consecutive year Zimbali Coastal Resort has scooped four top accolades at the International Property Awards held this past September in London. Hailed as the ‘Oscars’ of the international property market, the awards recognise the highest level of propertyrelated achievement worldwide. more...	IFA Hotels & Resorts South Africa Launches Fractional Ownership Product IFA Hotels & Resorts Limited (IFA SA) has launched its first Private Residence Club community in South Africa - Fairmont Heritage Place, Zimbali, located within the spectacular Zimbali Coastal Resort, on the north coast of KwaZulu-Natal, 45 kilometres north of Durban. more...	The Rose of Dubai Every girl dreams of becoming a princess for a day. For Aileen McCarthy, IFA Hotels & Resorts’ Client Assets Handover Manager, that dream became a reality when she was crowned 'The Rose of Dubai’, chosen to represent the Emirate in the hugely popular Rose of Tralee competition. more...