Kuwait-Mubasher: Al Arabiya Real Estate’s losses widened 517.3% to KWD 2.26 million ($7.45 million) in the first nine months of 2015, compared to about KWD 366,100 ($1.21 million) in the same period of 2014.

The company noted that the increase of losses was due to low revenues from the firm’s assets, according to a bourse filing issued on Wednesday.

The Kuwaiti company posted losses worth KWD 1.29 million in the first half of 2015 as compared to about KWD 36,750 in H1-14.