MANAMA, Feb. 14 -- Ithmaar Holding B.S.C., a Bahrain-based financial institution, and its wholly-owned subsidiary, Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank, both reported profits as they each announced their financial results for 2018.
The announcement by the Ithmaar Holding Chairman His Royal Highness Prince Amr Al Faisal, who is also the Ithmaar Bank Chairman, follows the review and approval of both Board of Directors of the consolidated financial results for the year ended 31 December 2018.
Ithmaar Holding reported a net profit of US$10.06 million for the year ended 31 December 2018, as compared to a net loss of US$72.40 million for 2017. This included a net loss attributable to equity holders for the year ende...