Mubasher: Amwal International Investment has suffered a loss of nearly KWD 25,510 ($85,320) during the fourth quarter of 2017 against profits worth around KWD 287,440 ($961,410) in the same quarter a year ago.

During fiscal year 2017, the Boursa Kuwait-listed company incurred losses of about KWD 16,350 versus a profit of nearly KWD 309,250 in FY16, according to a bourse statement on Tuesday.

The board members of Amwal recommended distributing no cash dividends for FY17.