Kuwait-Mubasher: Al Massaleh Real Estate posted losses worth KWD 6.55 million ($21.65 million) in the fourth quarter of 2015, compared to KWD 822,000 ($2.72 million) in Q4-14.

The KSE-listed company suffered losses worth KWD 7.39 million ($24.48 million) during the fiscal year 2015, compared to around KWD 914,900 ($3.03 million) in 2014; an increase of 707.7%.

Al Massaleh’s board recommended withholding dividends for the fiscal year 2015.

On the stock market’s level, Al Massaleh dropped 5.43% to 43.5 fils, as about 55,000 shares were traded with a value worth about KWD 2,400.