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The losses of Al Arabiya Real Estate Company, listed on the Kuwait Stock Exchange, in the third quarter of 2026 increased by 4.6 times and an annual growth rate of 358.55%, and the company suffered losses of 1.49 million dinars in the three months ending September 30, compared to 325.63 thousand dinars losses in the third quarter of 2025.
Al Arabia Real Estate suffered losses of 2.02 million dinars during the first nine months of this year, compared to 1.06 million dinars in the same period of the previous year, an annual increase of 90.39%, according to a statement by the Kuwait Stock Exchange on Thursday.
The company suffered losses of 1.49 million dinars in the third months ending September 30
The statement attributed the increase in losses to increased operating activity costs and financing costs, as well as lower operating profit from hotels.
The company also announced losses in the first half of 2026 by 528.51 thousand dinars, a decline of 28.21% compared to 736.23 thousand dinars losses for the same period last year.
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