Al-Madina for Finance and Investment Company approved the financial statements of the fiscal year 2014.

Al-Madina’s board of directors has recommended no dividends for FY-2014.

The firm posted losses worth KWD 13.94 million ($46.3 million) in 2014, compared to KWD 8.21 million ($27.3 million) in 2013.

The investment firm’s capital stands at KWD 40.7 million, distributed on 407 million shares with a par value of 100 fils a share.