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Ithmaar Holding BSC, a Bahrain-based holding company licensed by the Central Bank of Bahrain (CBB) as a clbad 1 investment company under its control and shares, is listed on the Bahrain Stock Exchange, in the United States. financial market in Dubai and the Kuwait Stock Exchange on Wednesday (2019), it intends to voluntarily withdraw from the Kuwait Stock Exchange, while continuing to trade on the Bahrain Stock Exchange and in the financial market of Kuwait. Dubai.
Prince Amr Al Faisal, president of Ithmaar Holding Company, said as a result of the review and approval by the board of directors the withdrawal plan, which will be submitted to Shareholder approval at a general meeting at the end of the month. This step is subject to approval by the competent authorities of the State of Kuwait and the Kingdom of Bahrain.
The withdrawal of Ithmaar Holding from the Kuwait Stock Exchange will have no impact on its Ithmaar Bank subsidiary, its customers or its shareholders. Ithmaar Bank, an Islamic retail bank based in Bahrain, is a separate legal entity from its parent company, Ithmaar Holding. The bank does not appear on any stock exchange.
In May 2019, Ithmaar Holding reported net income of $ 8.62 million for the quarter ended March 31, 2019, up 79% from a net income of $ 4.81 million for the same period in 2018 Net income For the three months ended March 31, 2019, it amounted to $ 7.10 million, an increase of 329% compared to a net profit of $ 1.66 million recorded in the same period in 2018. Earnings per share for the year increased to $ 0.24. Compared to 0.06 US cents for the three-month period ended March 31, 2018. k Total capital raised to US $ 120,520,000 as at March 31, 2019 compared to US $ 116,360,000 as at 31 March 2019 December here 2018.
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