Al Safat Real Estate will hold its ordinary and extraordinary general meetings on Wednesday to consider the recommendation of withholding dividends for the fiscal year ended 31 January, 2015.

The meeting will also discuss the board’s proposal of offsetting the accumulated losses of KWD 16.26 million by using the available legal reserve and reducing the company’s capital, a bourse statement said.

The Kuwait Stock Exchange has suspended trading in Al Safat stock until the meeting is held on Wednesday.