Kuwait-Mubasher: Al Salam Group Holding posted an increase by 89.7% in its quarterly losses, according to a bourse filing.
Losses reached KWD 1.44 million ($4.76 million) in the fourth quarter of 2015, compared to KWD 759,300 ($2.51 million) in the corresponding period of 2014.
Annual losses stood at KWD 1.38 million ($4.57 million) in 2015, against profits of KWD 1.98 million ($6.55 million) in 2014.
In the Sunday filing, the losses by the multi-sector investment firm were owed to lower proceeds from available-for-sale investments.
The board proposed to freeze dividends for 2015 during its meeting last Thursday.
