Ithmaar Holding swings back to black with $3.68m profits in 9-months
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MANAMA, Nov. 7 -- Ithmaar Holding B.S.C., a Bahrain-based holding company's profits up 273.5 percent to $3.68million in first nine months of 2019 compared to loss of $2.12million during the same period in 2018.
The bank has announced its financial results for the nine-month period ending 30 September 2019.
The announcement, by Ithmaar Holding Chairman His Royal Highness Prince Amr Al Faisal, follows the review and approval of the Boards of Directors of the company's consolidated financial results.
Ithmaar Holding reported net profit attributable to equity holders for the three-month period ended 30 September 2019 of US$3.68 million, a 273.5 percent increase compared to the net loss of US$2.12 million reported for the same period in 201...
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