Kuwait – Mubasher: IFA Hotels and Resorts plans to enter the field of staff residential complexes, said a bourse statement on Sunday, which stressed no agreement has been signed.

IFA reported KWD 2.15 million in losses for the first quarter of 2015, compared with KWD 2.97 million for the same period of the previous year.

The Kuwaiti listed firm is capitalised at KWD 63.54 million, distributed across 635.4 million shares at 100 Kuwaiti fils par value each.