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Ithmaar Bank posts $8.93m Q2 profitIthmaar Bank, a Bahrain-based Islamic bank, reported a net profit attributable to equity holders of BD3.37 million ($8.93 million) for the three-month period ended on June 30, 2023, compared to the net profit of BD1.30 million reported for the More… |
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Ithmaar approves capital hike including $200m Tier 1 injectionShareholders of Ithmaar Holding, a Bahrain-based holding company, have approved plans to increase the capital of the company including injection of Tier 1 Capital of up to $200 million. The initiative that was More… |
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Al Salam Zone to ensure smooth transition for Ithmaar clientsAl Salam Bank recently launched "Al Salam Zone" at City Centre Bahrain, offering Ithmaar Bank retail clients the opportunity to ask questions and learn more about integration roadmap with Al Salam Bank. More… |
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Al Salam Bank's Ithmaar unit acquisition valued at $2.2bnAl Salam Bank recently announced that it has completed the acquisition of select assets from Ithmaar Holding in Bahrain, including the consumer banking business of its wholly-owned subsidiary, Ithmaar Bank, in a transaction worth $2.2 billion. More… |
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Ithmaar Holding announces new CEOIthmaar Holding, a Bahrain-based holding company, has announced senior leadership changes at the Group level. In a regulatory filing with stock exchanges, the company said Ithmaar Holding Chief Exec More… |
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Ithmaar posts $3.95m Q1 profit; operating income up 16pcIthmaar Bank, a leading Bahrain-based Islamic retail bank, has reported a net profit of BD1.502 million ($3.95 million) for the first three months of 2022 when compared to BD1.547 million ($4.07 million) last year. Its operating income surged More… |
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Ithmaar shareholders approve plans to sell key assetsShareholders of Ithmaar Holding, a Bahrain-based holding company, yesterday approved plans to sell some of the company’s key assets in Bahrain to Al Salam Bank. The assets include Ithmaar Holdings’ More… |
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Al Salam Bank to acquire Ithmaar’s consumer banking unitAl Salam Bank and Ithmaar Holding have agreed the acquisition by Al Salam Bank of the consumer banking business of Ithmaar Bank, and Ithmaar Holdings’ ownership stake in both Bank of Bahrain and Kuwait (BBK) and Solidarity Group Holding. More… |
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Bahrain group Ithmaar swings to nine-month net profitIthmaar Holding, a Bahrain-based holding company, has reported a net profit of $1.48 million attributable to equity holders for the nine-month period ended September 30, 2021 compared to the net loss of $3.29 million for the same period last y More… |
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Al Salam Bank starts talks to buy some assets of Ithmaar HoldingAl Salam Bank-Bahrain has signed a memorandum of understanding (MoU) and entered into discussions with Ithmaar Holding for the potential acquisition by Al Salam Bank of a group of assets from Ithmaar Holding’s group of companies. More… |
