Mubasher: International Financial Advisors (IFA), dually listed on Boursa Kuwait and the Dubai Financial Market (DFM), logged accumulated losses of KWD 15.185 million.
The accumulated losses recorded 56.93% of the capital ratio, according to the company's disclosure to the Dubai Financial Market (DFM) on Sunday.
The losses are driven by an increase in the loss share of results of associates by KWD 7.515 million in 2019.
It is noteworthy to mention that in 2019, the company's net losses rose to KWD 18.4 million when compared to KWD 12.2 million in 2018.
