Kuwait's Global Investment House said on Monday its first-quarter net loss widened to 22 million dinars ($80.20 million) hurt by a drop in the value of its financial assets.
Global made a net loss of 14.2 million dinars in the year-earlier period, it said in a bourse statement.
The firm did not give a specific reason for the losses but the company posted a net loss of 10.6 million dinars from a drop in the fair value of its financial assets.
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