MANAMA, BAHRAIN – 14 May 2017 – Ithmaar Holding BSC (formerly Ithmaar Bank BSC) (Ithmaar) reported today (ed note: 14/05/17) a net profit of US$5.79 million for the three-month period ended 31 March 2017, a 20 percent increase compared to the net profit of US$4.83 million reported for the same period last year. Net profit attributable to equity holders for the three-month period ended 31 March 2017 was US$0.58 million, a 52.7 percent decrease compared to a net profit of US$1.22 million reported for the same period last year.

MANAMA, BAHRAIN – 07 May 2017 – Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today (ed note: 07/05/2017) two key appointments to its executive management team, and assigned new responsibilities to another senior executive.
Yousif Alkhan, presently the Head of Information Technology, has been assigned additional responsibility of Administration and will now be the Head of Information Technology and Administration Department; Krishnan Hariharan was appointed Chief Risk Officer; and Khalil Ebrahim Al Asfoor was appointed Acting Head of Internal Audit.

MANAMA, BAHRAIN – 30 April 2017– Ithmaar Bank B.S.C. (closed) (Ithmaar Bank), a Bahrain-based Islamic retail bank, announced today (ed note: 30/04/17) that it is continuing operations as an Islamic retail bank that is licenced and regulated by the Central Bank of Bahrain (CBB) as part of the new organisation structure that was successfully completed in January 2017.