Kuwait-Mubasher: The ordinary general meeting of National Ranges (Mayadeen) agreed on the board’s recommendation of freezing dividends for the fiscal year ended 31 December, 2015.

Mayadeen suffered losses worth KWD 2.97 million ($9.25 million) in FY15, compared to KWD 7.65 million ($25.38 million) in FY14, a decrease of 61.2%.

The OGM has elected new board members for the coming three-year term.