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Ithmaar Holding B.S.C — Earnings Release 2022
Feb 21, 2023
66396_rns_2023-02-21_1381409b-6fc9-4600-8254-61c5dd7c1c53.pdf
Earnings Release
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Preliminary Results of Public Joint Shareholders Company (Final Result Brief for the year ended 31 December 2022)
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First - General Information:
Name of the company: Ithmaar Holding B.S.C.
date Establishment: 13 August 1984
Paid up capital: 3,030,755,027 shares at $0.25 per share amounting to $757,688,757 (AED 2,782,687,729)
Subscribed capital: 3,030,755,027 shares at $0.25 per share amounting to $757,688,757 (AED 2,782,687,729)
Authorized capital: 8,000,000,000 shares at $0.25 per share amounting to $2,000,000,000 (AED 7,345,200,000)
Chairman of the Board: HRH Prince Amr Mohammed Al Faisal
Group Chief Executive Officer: Abdulla Taleb
Name of the external auditor: PricewaterhouseCoopers ME Limited
Mailing address: Seef Tower, Building 2080, Road 2825, Al Seef District 428, P.O. Box 2820, Manama, Kingdom of Bahrain
Tel: +973 1758 4000
Fax: +973 1758 4017
E – mail: [email protected]
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- Second Preliminary Results (000 AED) :
| 2022 | 2021 | |||
|---|---|---|---|---|
| 1. Total Assets | 22,238,755 | 33,173,821 | ||
| 2. Shareholders Equity | 16,780 | 138,685 | ||
| 3. Total Income | 1,335,360 | 1,344,791 | ||
| 4. Net Operating income | 945,014 | 785,830 | ||
| 5. Netprofit for theyear | (76,990) | 221,546 | ||
| 6. Earnings per share (fils) | (4.85) | 4.88 |
7. Summary of the company’s performance for the last fiscal year.
Total net loss for the year ended 31 December 2022 was AED 76.99 million compared to the net profit of AED221.5million reported for 2021. The decrease is mainly due to prudent impairment provisions.
Authorized Saqib Mustafa signatory Signature and Date Company’s Seal
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