Mubasher: Salbookh Trading announced that its board of directors has approved the company’s financial statements for the first nine months of the year during a meeting on Monday.
The board has submitted its resignation and called for a general assembly meeting to elect a new board, according to a statement to Boursa Kuwait on Tuesday.
Earlier, the company reported an 11.1% year-on-year (YoY) increase in losses during the third quarter (Q3) of 2019 to KWD 228,370 ($753,400), from KWD 205,540 ($678,080) in Q3-18.
Moreover, Salbookh posted a 56.2% increase in losses during the first nine months of the year to KWD 971,740, up from KWD 622,210 in the corresponding period in 2018.
