Mubasher: Al Arabiya Real Estate registered a decline of 49.5% in losses to about KWD 319,660 ($1.06 million) in the second quarter of 2017 compared to nearly KWD 632,790 ($2.09 million) in the same quarter of 2016.

During the first six months of 2017, the losses shrank by 36.2% to around KWD 829,510 from KWD 1.3 million in the same half a year ago, according to a bourse statement issued on Thursday.

It is noteworthy that the company’s losses decreased by 23.6% to about KWD 509,850 in the first quarter this year from nearly KWD 667,210 in Q1-16.