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.

Loading...

RECENT NEWS

BNY Mellon Lands A Big Ally For Expansion In Saudi Arabia

NCB Capital is the kingdom's biggest asset manager and investment bank Read more

Coronavirus, Low Oil Prices Set To Speed Up Gulf Bank Mergers

Moody's Investors Service says financial concerns in the region will play a larger role in encouraging deals Read more

Abu Dhabi Fund Buys $750m Stake In Retail Arm Of Indian Giant Reliance

Subsidiary of the Abu Dhabi Investment Authority will buy a 1.2% stake in Reliance Retail Ventures Read more

How The Lebanese Private Sector Is Coping In The Eye Of A Storm

Businesses extremely pessimistic about future as layoffs continue and wages plummet Read more

Lebanese Pound: The Most Undervalued Currency In The World

As political and economy chaos ensues, leading analyst says exchange rate needs sorting 'as soon as possible' Read more

How Coronavirus Is Changing Banking For The Better

Redefining finance for good: Virtual CXO Forum to take place on October 7 Read more