Kuwait-Mubasher: The Energy House Holding’s ordinary general meeting has agreed on withholding dividends for the fiscal year 2015, according to a bourse statement.

The company has not distributed dividends for the fiscal year 2014.

Energy House suffered losses worth KWD 7.91 million ($26.28 million) in FY15, compared to KWD 1.76 million ($5.85 million) in FY14, an increase of 349.4%.

Additionally, shareholders approved a buyback of up to 10% of its shares at market value. They also elected new board members for the coming three-year term.

Energy House stock rose 7.58% to 35.5 fils by the end of Tuesday’s trading session, after around 256,100 shares were exchanged, with a value of about KWD 8,810.