Kuwait - Mubasher: Sanam Real Estate reported a 4.67% decrease in net losses in the third quarter of 2016, to nearly KWD 123,400 ($407,500) compared to around KWD 129,400 (427,350) in the same period last year.

The company’s losses reached KWD 139,530 in the first 9 months of 2016, increasing by 33.19% than the same period of 2015, according to a bourse filing.