Ithmaar Holding B.S.C

This document has been prepared following the disclosure requirements set by the SCA Board of Directors' Decision No. (32/R.M.) of 2019, which outlines procedures for companies listed on the market with accumulated losses of 20% or more of their paid-up capital. Companies must comply with the provisions when their accumulated losses reach 50% or more of their paid-up capital. As of August 3, 2025, Ithmaar Holding B.S.C. reported its financial statements for Q2 2025, showing accumulated losses valued at USD 827.07 million, which is 109% of its paid-up capital. The accumulated losses initially amounted to 68.8% of the paid-up capital in December 2016, primarily due to impairment provisions from non-core investments during financial crises. In 2018, early adoption of FAS30 led to increased impairment provisions, raising the accumulated losses to 98%. In 2020, the losses increased by $87.5 million due to the economic impact of COVID-19. However, in 2021, losses decreased by $35.0 million due to net income attributable to shareholders. In 2022 and 2023, losses increased by $29.9 million and $9.3 million, respectively, due to net losses attributable to shareholders. In 2024, losses decreased by $9.4 million, and in 2025, by $1.58 million, mainly due to net profits attributable to shareholders.

Ithmaar Holding B.S.C. has released its condensed consolidated interim financial information for the period ending on June 30, 2025.

Ithmaar Holding B.S.C. announced that its Board of Directors approved the financial results for the period ending 30 June 2025 during a meeting held on Sunday, 3 August 2025, at 2:00 pm.

Ithmaar Holding B.S.C. has announced that its Board of Directors will meet to review and approve the financial results for the period ending 30 June 2025. This meeting is scheduled for Sunday, 3 August 2025, at 2:00 PM. The announcement is addressed to Bahrain Bourse and Dubai Financial Market. Khalid Alabbasi is the authorized signatory for this announcement.

The form is prepared according to the SCA Board of Directors’ Decision No. (32/R.M.) of 2019, which outlines procedures for listed companies with accumulated losses amounting to 20% or more of their paid-up capital. Companies must comply with the decision when losses reach 50% or more. As of May 14, 2025, Ithmaar Holding B.S.C. reported accumulated losses of USD 827.65 million, equating to 109% of its paid-up capital. The losses initially amounted to 68.8% in December 2016, primarily due to impairment provisions from non-core investments during financial crises. In 2018, early adoption of FAS30 led to increased provisions, raising the loss percentage to 98%. The accumulated losses rose by $87.5 million in 2020 due to COVID-19 impacts, decreased by $35 million in 2021 due to net income, increased by $29.9 million in 2022, and by $9.3 million in 2023 due to net losses. In 2024, losses decreased by $9.4 million, and in 2025, by $1 million, both due to net profits attributable to shareholders. The analysis of accumulated losses is required when they exceed 50% of the company's capital.

The document is the condensed consolidated interim financial information for Ithmaar Holding B.S.C. as of March 31, 2025.

Ithmaar Holding B.S.C. announced that its Board of Directors held a meeting on Wednesday, May 14, 2025, at 2 PM, where they approved the financial results for the period ending March 31, 2025. The announcement was directed to the Bahrain Bourse and the Dubai Financial Market.

Ithmaar Holding B.S.C. announced that it has mutually agreed with GFH Financial Group B.S.C. to terminate discussions regarding the acquisition of Ithmaar's financing and investment portfolios. This decision follows preliminary due diligence and discussions, as the requirements for the execution of the acquisition were not met. There is no expected financial impact from this termination.

Ithmaar Holding B.S.C. has announced that its Board of Directors is collaborating with the major shareholder to develop a plan aimed at improving the company's capital position. This plan may involve a capital injection or other measures and is subject to further review and necessary regulatory approvals. Additional details and the expected financial impact will be disclosed in due course.