Ithmaar eyes return to sustainable profitability

27/03/2018 06:04 AST

Ithmaar Holding hosted its Annual General Meeting (AGM) where its consolidated financial statements for 2017 were approved. The meeting was chaired by Ithmaar chairman, Prince Amr Al Faisal, and attended by board members, its executive management team and its Sharia Supervisory Board, as well as representatives from the Central Bank of Bahrain (CBB), the Ministry of Industry, Commerce and Tourism, the Bahrain Bourse, and statutory auditors PricewaterhouseCoopers. Speaking to shareholders, Prince Amr said Ithmaar Holding's 2017 achievements are paving the way for the group's continued transformation, and set the stage for a return to sustainable profitability.


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Ithmaar's achievement paving way for group's transformation

27/03/2018

Ithmaar Holding B.S.C. hosted on Monday its Annual General Meeting (AGM) and the consolidated financial statements for 2017 were approved. The meeting was chaired by Ithmaar Chairman Prince Amr Al F

Saudi Gazette

Ithmaar Holding swings into net loss in 2017

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Ithmaar Holding said it swung into a net loss in 2017 even as total income fell.

The company reported a net loss of $72.40 million (Dh266 million) in 2017 compared to net profit of $13.80 m

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Bahrain-based Ithmaar Bank plans to add more than 100 branches in Pakistan this year through its subsidiary Faysal Bank , to capitalise on the country's low penetration rate of banking services, a se

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