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- Saudi leadership approves over SR3bn of Ramadan aid disbursement
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- Barwa focuses on increasing revenues and rationalising expenditures in 2025
- National Bonds' investment portfolio surges to AED15.8 billion with 22% growth in 2024
- Air Arabia shareholders approve 25% dividend distribution
- Emaar Properties upgraded to 'BBB+' on strong business performance; outlook stable
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
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
29/01/2018
Bahrain-based Ithmaar Bank plans to add more than 100 branches in Pakistan this year through its subsidiary Faysal Bank , to capitalise on the country's low penetration rate of banking services, a se
Reuters
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.60 | 0.10 (0.02 |
| FAB | 14.26 | 0.16 (1.13 |
| EMIRATESNBD | 20.35 | 0.15 (0.74 |
| ADCB | 10.60 | 0.12 (1.14 |
| EIB | 11.95 | 0.00 (0.00 |
18/03/2025
Barwa has outlined a 2025 strategic plan, which will help increasing revenues - including commencing development of the Madinatna Schools project and the first phase of the Barwa Hills project - and
Gulf Times
18/03/2025
Air Arabia shareholders have approved the distribution of 25 per cent cash dividend for the financial year ending December 31, 2024 at the company's annual general meeting (AGM). The dividend, which
Khaleej Times
18/03/2025
S&P Global on Monday raised the ratings of Emaar Properties, Dubai's largest listed developer, to 'BBB+', with a stable outlook.
"The upgrade reflects the significant growth Emaar experience
Khaleej Times
18/03/2025
stc group, Saudi Arabia's leading digital enabler, has been ranked as the third strongest telecommunications brand globally in the 2024 Brand Finance Telecom 150 Report.
Developed by Brand F
Saudi Gazette
17/03/2025
Dr. Soliman Fakeeh Hospital in Jeddah continues to strengthen its leadership position in the healthcare sector in Saudi Arabia by achieving a 5-star rating in the "Global Hospital Rating" by Newsweek
Saudi Gazette
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia