Latest Threads

Ithmaar Holding B.S.C. is inviting its shareholders to attend the Annual Ordinary General Meeting on March 26, 2025, at The Westin City Centre Bahrain Hotel. If a quorum is not met, subsequent meetings are scheduled for April 6 and April 13, 2025, at the same location and time. The agenda includes approving the minutes from the previous meeting, discussing and approving the Directors’ and Sharia Supervisory Board’s reports, reviewing the External Auditors’ report, and approving the Consolidated Financial Statements for 2024. The Board recommends transferring USD 1,046,000 to statutory reserves and USD 9,413,000 to accumulated losses, subject to regulatory approvals. The meeting will also cover transactions with related parties, discuss corporate governance compliance, and discharge the Board of Directors from liability for 2024.

The Commercial Bank of Dubai P.S.C. held its Annual General Meeting on March 5, 2025, at the bank's head office in Dubai. During the meeting, several resolutions were adopted, including the approval of the directors' report, the auditors' report, the Internal Sharia Supervision Committee's report, and the consolidated financial statements for the year ending December 31, 2024. Additionally, Dr. Abdulrahman Abdulla Alsaadi was appointed as a member of the Internal Shari’ah Supervisory Board. A cash dividend distribution of 50% of the net profit for 2024, equivalent to 50.74% of the paid-up capital as of December 31, 2024, totaling AED 1,514,686,394.92, was also approved.

Ithmaar Holding B.S.C. has announced the candidates for its Board of Directors for the 2025-2028 term. The candidates are HRH Prince Amr Mohammed Al Faisal Al Saud, Tunku Yaacob Khyra, Dr. Amani Khaled Bouresli, Ms. Elham Ebrahim Hasan, Dr. Jehad El-Nakla, Mr. Husain Abdulhameed Alshehab, and Mr. Ali Ghaleb Beshara. The election will take place during the Ordinary General Meeting on 26 March 2025 at The Westin City Centre Bahrain Hotel. Additionally, two other board members will be appointed by major shareholders as per the Commercial Companies Law.