Kuwait-Mubasher: Al Deera Holding suffered losses worth KWD 8.44 million ($27.91 million) in the fourth quarter of 2015, against earnings worth about KWD 24,000 ($79,370) in the same quarter of 2014.

The Kuwait-listed firm also posted losses worth KWD 9.93 million ($32.9 million) during the fiscal year 2015, compared to KWD 1.16 million ($3.84 million) in 2014, an increase of 756%.

Al Deera’s board has recommended freezing dividends for FY15.

On the stock market, Al Deera was last traded on 31 March when it lost 4.11% to settle at 35 fils.