Ithmaar Eyes Return To Sustainable Profitability
{{#if alert}}
{{msg}}
{{/if}} {{#if confirm}}
{{msg}}
{{/if}} {{#if email}}
Please enter a valid destination email id
{{/if}}
Chairman tells AGM that 2017’s achievements paving way for group’s continued transformation; consolidated financial statements approved
Dubai: 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.
Saudi Asset Management Industry Passed SR1tn For First Time
Saudi Arabia assets under management sector tipped to pass $350bn next year Read more
Global Financial Firm Lazard Bets On UAE Growth With Abu Dhabi Office Launch
The move is seen as Lazard’s commitment to deepening its presence in MENA, serving as a trusted advisor to clients ac... Read more
PayPal, TerraPay Partner To Boost Real-time Digital Transfers Across Middle East And Africa
The MENA digital payments market, estimated at $251.34 billion in 2025, is expected to reach $422.56 billion by 2030 Read more
Goldman Sachs Alternatives Acquires Majority Stake In UAE HR Firm PeopleStrong
The acquisition underscores the company’s ambitious growth strategy in the GCC region Read more
Al Salam Bank Announces Details Of Its 2025 Danat Savings Scheme
The biggest reward programme in Bahrain to offer prizes worth $10.6 million, including three grand prizes of $2.65 mill... Read more
Saudi Arabia Sees Surge In Cashless Payments As It Adopts Digital Transactions
Saudi Arabia uses digital technology for 79 per cent of retail payments Read more