Kuwait-Mubasher: Al Nawadi Holding posted a fall of 2.5% in profits for the fourth quarter in 2015 to KWD 1.17 million ($3.89 million), compared to KWD 1.2 million ($3.99 million) in Q4-14, according to a bourse statement.

The Kuwaiti company reported earnings worth KWD 2.94 million ($9.772 million) during the fiscal year 2015 as compared to KWD 2.76 million ($9.174 million) in 2014, an increase of 6.5%.

Al Nawadi’s board has recommended on Wednesday a distribution of 10% bonus shares or 10-for-100 shares, with a total amount of 18.18 million shares.

Al Nawadi’s stock started Thursday’s trading session at 81 fils, after one transaction was executed on 22,000 shares with a total value of about KWD 1,800 ($5,983).