Mubasher: AI Safwa Mubasher Financial Services saw a 1100% rise year-on-year in its losses during the fourth quarter of 2016, according to a bourse filing.
Losses reached AED 240,000 ($65,320) in Q4-16, compared to AED 20,000 ($5,440) in Q4-15.
The company incurred losses of AED 4.54 million in 2016, a rise of 83.1% from AED 2.48 million in 2015.
