Kuwait-Mubasher: Arzan Financial Group for Financing and Investment suffered losses worth KWD 8.47 million ($28.03 million) in the fourth quarter of 2015, against profits worth about KWD 61,300 ($202,840) in the same period of 2014.
The KSE-listed firm also posted losses worth KWD 7 million ($23.19 million) during the fiscal year 2015, against earnings worth KWD 3.61 million ($11.96 million) in 2014.
Arzan’s board has proposed withholding dividends for FY15.
On the stock market, Arzan started Wednesday’s session at 31 fils, after 332,000 shares were exchanged with a value of about KWD 10,200.
