Mubasher: Safat Global Holding Co posted a decrease of 91.2% in losses to nearly KWD 44,150 ($144,220) in fiscal year 2016, compared to around KWD 501,850 ($1.64 million) in the previous fiscal year.
The company said, in a bourse statement issued on Thursday, that the decline in losses was attributed to not obtaining provisions.
It is worth highlighting that Boursa Kuwait in November 2016 had relisted Safat Global within the financial services sector.
At the stock level, Safat Global ended Thursday’s session at 31.5 fils, after about 54,620 shares were traded at a value of nearly KWD 1,720.
