Ithmaar Holding BSC (ITHMR)

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News

5 August 03:00 AM Ithmaar Holding witnesses lower profits in H1-25; accumulated losses exceed $827m

Mubasher: The net profits of Ithmaar Holding, listed on the Bahrain Bourse as well, dropped to $12.87 million in the first half (H1) of 2025 from $18.48 million in H1-24.The total income declined to $359.09 million in H1-25 from $475.79 million in H1

Sector Reports

18 May 03:00 AM Ithmaar Holding records drop in quarterly results; accumulate losses cross $827.5m in Q1-25

Mubasher: Ithmaar Holding, listed on the Bahrain Bourse as well, posted lower net profits at $7.41 million in the first quarter (Q1) of 2025, compared to $15.92 million in Q1-24.Total income reached $181.97 million in Q1-25, down from $237.48 million

Sector Reports

16 February 09:24 PM Dual-listed Ithmaar Holding’s profits near $124m in 2024

Mubasher: Ithmaar Holding recorded net profits valued at $123.74 million in 2024, compared to $49.04 million in 2023, according to the initial financial results. Listed on Bahrain Bourse as well, the group registered a total income amounting to …

Financial Results

14 November 2024 03:44 PM Ithmaar Holding’s profits leap in 9M-24; accumulated losses cross $837.5m

Mubasher: Ithmaar Holding, listed on Bahrain Bourse as well, posted higher net profits at $22.34 million in the first nine months (9M) of 2024, compared to $12.86 million in 9M-23. The total income recorded a year-on-year (YoY) leap to $693.74 …

Financial Results

14 August 2024 11:33 AM Ithmaar Holding’s profits hike in H1-24; accumulated losses hit 110% of capital

Mubasher: The net profits of Ithmaar Holding, which is listed on Bahrain Bourse as well, increased to $18.48 million in the first half (H1) of 2024 from $4.35 million in H1-23. The company posted a total income amounting to $473.97 million in …

Financial Results

12 June 2024 08:40 AM Ithmaar Holding appoints new CEO

Mubasher: Ithmaar Holding, which is listed on Bahrain Bourse as well, has selected Maysan Faisal Almaskati as CEO for the company and its two subsidiaries; Ithmaar Bank and IB Capital. Before assuming the new position, Almaskati served as Ithmaar …

Corporate Actions

15 May 2024 02:06 PM Ithmaar Holding shifts to profits in Q1-24; accumulated losses near 69% of capital

Mubasher: Ithmaar Holding, which is listed on Bahrain Bourse as well, generated net profits attributable to the owners amounting to $6.84 million in the first quarter (Q1) of 2024. The recorded net profits were against net losses worth $3 million …

Financial Results

15 April 2024 10:04 AM GFH seeks to acquire Ithmaar Holding’s portfolios

Mubasher: GFH Financial Group announced plans to acquire the financing and investment portfolios of Ithmaar Holding, according to a bourse disclosure. GFH highlighted that discussions are in progress to finalise the transaction structure, which is …

Companies Investments

14 March 2024 03:30 PM Ithmaar Holding’s CEO Taleb resigns

Mubasher: Ithmaar Holding, which is listed on Bahrain Bourse as well, has announced the resignation of its CEO, Abdulla Abdulaziz Taleb, according to a bourse filing. Taleb, who will officially leave the company on 14 April 2024, also resigned …

Management Decisions

18 February 2024 02:11 PM Dual-listed Ithmaar Holding turns profitable in 2023, unveils accumulated losses

Mubasher: Ithmaar Holding, which is listed on both Dubai Financial Market (DFM) and Bahrain Bourse, shifted to net profits worth $13.35 million in 2023 from net losses of $20.96 million in 2022. Meanwhile, the company reported $9.31 million worth …

Financial Results

14 November 2023 01:29 PM Ithmaar Holding records drop in 9M-23 results; accumulated losses hit 110% of capital

Mubasher: Ithmaar Holding, which is also listed on Bahrain Bourse, turned to net losses attributable to the shareholders worth $4.48 million in the first nine months (9M) of 2023. The negative results were incurred against net profits valued at …

Financial Results

7 June 2023 09:24 AM Ithmaar Holding unveils Q1-23 results, accumulated losses, capital boost plans

Mubasher: Ithmaar Holding, listed on Bahrain Bourse as well, shifted to net losses attributable to the shareholders worth $3 million in the first quarter (Q1) of 2023. The incurred losses were against net profits amounting to $1.13 million in …

Corporate Actions

21 February 2023 11:37 AM Ithmaar Holding shifts to nearly $38.5m losses in 2022; accumulated losses unveiled

Mubasher: Ithmaar Holding, listed on Bahrain Bourse as well, turned to net losses attributable to the owners of $38.38 million in 2022, against net profits worth $38.60 million in 2021. Total income dropped to $363.61 million last year from …

Financial Results

14 November 2022 02:35 PM Ithmaar Holding’s profits down in 9M-22; accumulated losses hit 105% of capital

Mubasher: Ithmaar Holding, listed as well on Bahrain Bourse, posted a drop in net profit attributable to the shareholders to $1.30 million in the first nine months (9M) of 2022, versus $1.47 million in 9M-21. The total income widened to $302.48 …

Financial Results

30 August 2022 00:07 AM Ithmaar Holding posts 127% higher profits in H1-22; accumulated losses unveiled

Mubasher: Ithmaar Holding, listed on Bahrain Bourse as well as Dubai Financial Market (DFM), logged net profits attributable to the equityholders worth $9.07 million in the first half (H1) of 2022, an annual leap of 127% from $4 million. The total …

Financial Results

17 May 2022 09:45 AM Ithmaar Holding's profits down 87% in Q1-22

Mubasher: The net profits attributable to the equity holders of Ithmaar Holding retreated by 87.2% to $1.13 million in the first quarter (Q1) of 2022, compared to $8.86 million in the same quarter of 2021, according to the company's interim …

Financial Results

4 October 2021 09:46 AM Al Salam Bank – Bahrain inks MoU on potential acquisition of assets from Ithmaar

Mubasher: Al Salam Bank – Bahrain has signed a Memorandum of Understanding (MoU) to start discussions with Ithmaar Holding for a potential acquisition of a group of assets from Ithmaar. The potential acquisition will be subject to the completion …

Companies Investments

6 July 2021 11:38 AM Ithmaar Holding's asset sale to BBK cancelled

Mubasher: The sale of certain assets in Bahrain-based Ithmaar Holding to Bank of Bahrain and Kuwait (BBK) has been cancelled, as both parties have not reached amicable terms and conditions. Following preliminary due diligence and discussions, …

Banking and Finance

17 May 2021 09:34 AM Ithmaar Holding turns to profitability in Q1-21

Mubasher: Bahrain-based Ithmaar Holding reported net profits attributable to the equity holders of $8.861 million during the first quarter (Q1) of 2021, against net losses of $22.584 million in the year-ago period, according to the company's …

Financial Results

21 February 2021 09:59 AM Ithmaar Holding sees $42m net losses in 2020

Mubasher: The consolidated financial results of the Bahrain-based Ithmaar Holding has registered $41.719 million in net losses attributable to the equity holders in 2020, versus $669,000 net profits in 2019. The net losses are attributed to the …

Financial Results

13 January 2021 11:44 AM Ithmaar Holding partners with Naseej to develop BHD 40m residential project

Mubasher: The Bahrain-based Ithmaar Holding has reached an agreement with Naseej to establish a BHD 40 million residential project in the northern governorate area of Barbar. Spanning over around 150,000 square metres, the project will include 100 …

Companies Investments

14 December 2020 03:52 PM Ithmaar Holding hires financial, legal advisors for BBK's acquisition plan

Mubasher: Ithmaar Holding, the parent of Ithmaar Bank, has appointed KPMG Bahrain as a financial advisor and Hassan Al Radhi and associates as legal advisors as part of the plans of Bahrain and Kuwait Bank (BBK) to acquire the bank's operations in …

Banking and Finance

16 November 2020 09:38 AM Ithmaar Holding turns to losses in 9M

Mubasher: The Bahrain-based Ithmaar Holding has incurred net losses attributable to the equity holders of $3.29 million during the nine months of 2020, against net profits of $12.04 million in the prior-year period. The losses are driven by the …

Financial Results