Kuwait-Mubasher: Al Madar Finance and Investment sank to losses of KWD 1.51m in the fourth quarter of 2015 against earnings worth about KWD 87,500 ($289,600) in Q4-14.

Al Madar reported losses worth KWD 2.76 million ($9.15 million) during the fiscal year 2015, compared to KWD 977,000 ($3.24 million) a year earlier.

The board recommended withholding dividends for FY15.

On the stock market, Al Madar started Wednesday’s session with a rise of 6.25% to 17 fils, after about 227,250 shares with a value of about KWD 3,900.