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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 31 March 2025. The meeting is scheduled for Wednesday, 14 May 2025, at 2:00 pm.
On 18 March 2025, a letter was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, regarding updates on negotiations with Amlak Finance PJSC's financiers about exiting a Common Terms Agreement for restructuring. Following a previous disclosure on 27 December 2024 about reaching an agreement on a repayment plan, it was confirmed that the governing documents for this agreement have been officially signed. Amlak will proceed with implementing the agreed terms and will keep the market informed of any further developments. The letter was signed by Lama Takieddin, Head of Corporate Governance and Company Secretary, and a copy was sent to the Securities & Commodities Authority.