Latest Threads on News from companies
Threads on regulatory news from companies
GFH Financial Group B.S.C. announced that it will host a webcast for its second quarter 2025 financial results on Thursday, August 14, 2025, at 1:00 pm Bahrain time. The webcast will cover the financial period ending June 30, 2025. Shareholders and investors are invited to attend. Mariam Jowhary, Head of Compliance and Anti-Money Laundering, has signed the announcement.
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.
The weekly trading summary for DFM Regulated Short Sell Transactions from 28th July 2025 to 01st August 2025 reports no RSS trades during this period. For more details on Regulated Short Selling, refer to the DFM Market Rules and related documents available on their website. The information provided is subject to change, and DFM is not liable for any loss resulting from the use of this information.
Takaful Emarat Insurance (P.S.C), a public shareholding company registered in Dubai, UAE, is subject to Federal Law No. 48 of 2023. The company is listed under insurance companies with registration number 86 since October 14, 2008. The company is planning a board meeting on Wednesday, August 6, 2025, at 3:00 PM UAE time via MS Teams. The agenda includes discussing the approval of the company's unaudited interim condensed consolidated financial statements for the second quarter ending June 30, 2025, along with business updates and other matters. The meeting details and agenda were authorized by Adnan Sabaalaish, the Acting Chief Executive Officer, on August 1, 2025.