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27/02/2018 06:24 AST
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 million in 2016. Ithmaar reported a five per cent fall in total income to $392.46 million compared to $413.17 million in the year-before period mainly due to unrealised foreign exchange losses.
" ... I am pleased to announce that Ithmaar's financial results show that the continued focus on our core retail banking business is paying off, even if the overall results are not immediately obvious as these have been impacted by non-core business," said Ithmaar Chairman Prince Amr Al Faisal in a statement.
Total assets stood at $8.61 billion as at December 31, 2017, a 3.2 per cent increase compared to $8.34 billion as at December 31, 2016.
The company's shares were listed on the Dubai Financial Market (DFM) on January 29, 2017.
Gulf News
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
27/03/2018
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 atte
Gulf News
29/01/2018
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
Reuters
| Ticker | Price | Change |
|---|---|---|
| IHC | 407.00 | -5.90 (-1.43 |
| FAB | 13.58 | -0.18 (-1.31 |
| EMIRATESNBD | 20.35 | 0.10 (0.49 |
| DIB | 6.28 | 0.08 (1.29 |
| ADCB | 8.68 | 0.00 (0.00 |
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Financial Information Co.