Ithmaar Holding (formerly Ithmaar Bank) shareholders approved a proposal on listing Ithmaar on additional stock exchanges in the region.

The proposal, which was presented by a shareholder as an additional agenda item at the Annual General Meeting (AGM) held on March 30, was approved unopposed by the shareholders who welcomed the initiative.

Ithmaar Holding, which is licensed and regulated by the Central Bank of Bahrain, is currently listed on the Bahrain Bourse and Boursa Kuwait. At the meeting, shareholders authorised the board of directors and Ithmaar management to study additional listings in various stock exchanges in the region and to complete the additional exchange listing process.  

The meeting was chaired by Ithmaar Holding board member Sheikh Zamil Abdulla Al-Zamil.
At the meeting, shareholders praised the transformation witnessed in 2016 with the successful completion of a major reorganisation as well as a complete turnaround in Ithmaar’s financial performance.  – TradeArabia News Service