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Amanat Holdings PJSC has released its unaudited interim condensed consolidated financial statements for the period ending on September 30, 2025.
Ithmaar Holding B.S.C. has released its condensed consolidated interim financial information for the period ending on September 30, 2025.
The document is prepared in accordance with the SCA Board of Directors' Decision No. (32/R.M.) of 2019, which outlines procedures for companies with shares listed on the market that have accumulated losses amounting to 20% or more of their paid-up capital. Compliance with the decision is mandatory when accumulated losses reach 50% or more of the paid-up capital. As of November 12, 2025, Ithmaar Holding B.S.C. reported accumulated losses of USD 826.29 million, equating to 109% of its paid-up capital. The losses, initially 68.8% of paid-up capital in December 2016, were primarily due to impairment provisions from non-core investments during financial crises. In 2018, the adoption of FAS30 increased the losses to 98%. The accumulated losses fluctuated due to various factors, including the economic impact of COVID-19, net income, and net losses attributable to shareholders, with changes observed in 2020, 2021, 2022, 2023, 2024, and 2025. The document provides a detailed analysis of accumulated losses, which are 50% or more of the company's capital.
Ithmaar Holding B.S.C. announced that its Board of Directors met on Wednesday, November 12, 2025, at 2:00 pm and approved the financial results for the period ending September 30, 2025. This announcement was directed to both the Bahrain Bourse and the Dubai Financial Market. The notice was signed by Saqib Mustafa, the authorized signatory, and included the company seal.
Amlak Finance PJSC reported its Q3 2025 financial results, highlighting a net group profit after tax of AED 1.95 billion, a significant increase from AED 15.92 million in the same period the previous year. The company completed the sale of Ras Al Khor land plots, generating AED 2.9 billion in proceeds, contributing to a total income of AED 3.10 billion for Q3 2025, compared to AED 101 million in Q3 2024. Operating costs decreased by 7% to AED 54 million. Amlak settled its financial obligations with six financiers, exiting the Common Terms Agreement and releasing all pledges and securities. The company's regional investments contributed AED 5 million in income before divestment. Amlak entered into an agreement to divest its Egyptian subsidiary for EGP 400 million and fully divested its investment in an associate in Saudi Arabia during Q3 2025.
On 12 November 2025, Amlak Finance P.J.S.C held a board meeting from 3:00 PM to 4:00 PM. Five board members were present, achieving a quorum of 71%. The meeting resulted in the approval of the financial statements for the third quarter ending 30 September 2025, and the board discussed routine business matters. The authorized signatory for the meeting was Lama Takieddin, Head of Corporate Governance and Company Secretary.