Shariah-compliant Ithmaar Holding, Ithmaar Bank post rises in half-year profits
Shariah-compliant Ithmaar Holding and its wholly-owned subsidiary Ithmaar Bank posted rises in net profits for the first six months of 2019 compared to the same period last year.
Bahrain-based Ithmaar Holding reported a 20.4 per cent increase in net profit to $13.03 million for H1 compared to $10.82 million for the same period in 2018, it said in a bourse filing on Thursday.
The investment firm’s total income grew 7.5 per cent to $246.66 million for the six-month period ended June 30 versus H1 last year.
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