Written by: Ahmed Awad

National Ranges (Mayadeen) shareholders approved to withhold dividends payout for 2014.

Mayadeen earlier commenced Dubai Maritime City project in venture with Omniyat Real Estate Co., said Deputy Chairman Naser Borsli.

Mayadeen holds an 18% stake in Dubai Maritime City, added Borsli on the sideline of the shareholders meeting.

The dispute between Mayadeen and Commercial Bank of Kuwait is heard by the court now, said Naser Borsli

Mayadeen suffered KWD 7.65 million in losses in 2014, compared with KWD 1.86 million for a year earlier.

Translated by: Shaimaa ELSarky