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20 August 08:51 AM Jahez secures SAR 150m Sharia-compliant loan from NBB
Riyadh - Mubasher: Jahez International Company for Information System Technology (Jahez) has secured Sharia-compliant credit facilities worth SAR 150 million from the National Bank of Bahrain (NBB). The eight-year financing agreement was signed on …
Companies Investments
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5 August 06:19 PM 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 …
Financial Results
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18 May 07:56 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 …
Financial Results
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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
Raed Jawad Bukhamseen, Vice Chairman and CEO of KIB, and Jamal Al Barrak, CEO of KIB Invest
9 December 2024 10:52 AM KIB Invest, UAE-listed banks lead Bahrain’s 7-year Sukuk issuance
Mubasher: Kuwait International Bank (KIB), through its investment arm KIB Invest, served as joint lead manager (JLM) in the issuance of a seven-year for Bahrain via CBB International Sukuk Programme Company W.L.L. The USD-denominated senior …
Banking and Finance
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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
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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
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19 June 2024 03:08 PM National Bank of Egypt signs $1bn syndicated loan; regional, international entities partake -Update
Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …
Banking and Finance
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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
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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
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14 May 2024 04:10 PM Al Baraka Group launches portal to boost Egyptian, Pakistani cooperation
Mubasher: Al Baraka Banking Group (ABG), listed on Bahrain Bourse and the Egyptian Exchange (EGX), has launched an inter-franchise collaboration portal to enhance business opportunities for customers in Egypt and Pakistan. The partnership …
Banking and Finance
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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
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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 …
Corporate Actions
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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
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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
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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 …
Management Decisions
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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
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24 November 2022 05:41 PM Al Salam Bank partners with Visa to enhance payment services
Mubasher: Bahrain-based Al Salam Bank, listed on Dubai Financial Market (DFM), signed an exclusive partnership agreement with Visa to provide advanced banking experience and varied payment methods for Visa cardholders, according to a press …
Companies Investments
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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
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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
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18 July 2022 04:30 PM GFH acts joint lead manager on Dar Alarkan's $400m Sukuk issuance
Mubasher: GFH Financial Group has acted as a joint lead manager on the pricing and issuance of a $400 million Sukuk by Saudi Arabia-based Dar Alarkan Real Estate Development Company. The three-year Sukuk, which marks the company's 12th market …
Real estate
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6 July 2022 03:26 PM GFH acquires $300m student housing portfolio in US
Mubasher: GFH Financial Group has acquired a $300 million student housing portfolio, affiliated to top-rated universities located in Texas, Michigan, and Missouri in the US. Acquired in partnership with GFH subsidiary, Student Quarters, the five …
Mergers and Acquisitions
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13 June 2022 09:43 AM DFM launches new equity futures on stocks of DEWA, GFH
Dubai – Mubasher: Dubai Financial Market Company (DFM) has introduced new equity futures contracts on individual stocks of Dubai Electricity and Water Authority (DEWA) and GFH Financial Group. This step is in line with the DFM's strategy to …
Companies Investments
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12 June 2022 09:46 AM Fitch affirms GFH's 'B' long, short-term IDR; outlook stable
Mubasher: Fitch Ratings has affirmed the long and short-term issuer default rating (IDR) of GFH Financial Group at 'B', with a stable outlook for the long-term IDR. The global rating agency also affirmed the 'B'/'RR4' senior unsecured long-term …
Ratings
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17 May 2022 00:00 PM GFH raises stake in GB Corp for $2m
Mubasher: GFH Financial Group has raised its stake in the investment company GB Corp to 62.91% from 50.41% through strategic swaps worth $1.7 million. The transaction will have a positive impact on GFH's financials, according to a bourse filing on …
Companies Investments