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- Bahrain All Share Index closes higher
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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
15/05/2025
Ithmaar Bank, a Bahrain-based Islamic retail bank, reported profits for the first quarter of the year as it announced its financial results for the three-month period ended March 31.
Ithmaa
BNA
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
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.40 | 0.20 (0.04 |
| FAB | 16.48 | -0.12 (-0.73 |
| EMIRATESNBD | 25.80 | -0.25 (-0.96 |
| ADCB | 14.48 | -0.32 (-2.17 |
| ADIB | 23.50 | 0.64 (2.79 |
22/09/2025
Gulf Bank announced its sponsorship and participation in the orientation event for new students organized by the American University of Kuwait, as part of its ongoing commitment to engage with new st
Kuwait Times
22/09/2025
Ooredoo Group has sold a minority 6% stake in Meeza- QSTP, Doha's leading managed information technology services and solutions provider, to certain funds managed by Fiera Capital (UK) at the current
Gulf Times
22/09/2025
Al Mahhar Holding Company, a public shareholding company providing specialised services and products to the energy and infrastructure sectors, has been included in the FTSE Russell Global Equity Inde
Gulf Times
22/09/2025
AD Ports Group has laid the foundation stone for the Noatum Ports Luanda Terminal at the Port of Luanda, marking the commencement of one of the most significant port modernisation and expansion proje
Trade Arabia
22/09/2025
Qatar Industrial Manufacturing Company (QIMC) has signed an agreement to purchase a 7% stake held by Qatar Oman Investment Company in Qatar Aluminum Extrusion Company (QALEX), bringing its total stak
Gulf Times
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