Kuwait – Mubasher: Al Arabiya Real Estate Company’s net loss for the third quarter of fiscal 2016 worsened by 29% to KWD 1.25 million ($4.14 million), versus KWD 969,260 ($3.2 million) for Q3-15.

Net losses for the first nine months of 2016 deepened by 12.8% to KWD 2.55 million from KWD 2.26 million for the same period of 2015, according to a bourse filing.

The company earlier reported a net loss of KWD 1.3 million for the first half of 2016, 0.39% up from KWD 1.29 million for H1-15.