Kuwait – Mubasher: Al Dar National Real Estate’s board will discuss on Monday modifying and determining the recommendation regarding the offsetting of losses, according to a bourse filing.
In May, the board recommended a capital reduction at a value of KWD 27 million to cut losses to reach KWD 15 million down from KWD 42 million, whereas accumulated losses will reach KWD 2.03 million.
The Kuwaiti company reported turning to profit in Q1-16 with KWD 64,270 against losses of KWD 230,720 in the same period in 2015.
