Kuwait-Mubasher: Manafae Holding reported a negative performance in 2015 nine-month financials, by posting losses worth about KWD 146,310 comparing with nearly KWD 746,660 in the same period of 2014.

The company noted that the negative turn in 9M-15 financials was due to selling financial assets.

Manafae’s earnings dropped over 38% to reach about KWD 76,000 in the first half of 2015, compared to approximately KWD 123,000 in H1-14.