Ithmaar Holding B.S.C — Earnings Release 2024

Feb 13, 2025

==> picture [595 x 95] intentionally omitted <==

Preliminary Results of Public Joint Shareholders Company (Final Result Brief for the year ended 31 December 2024)

==> picture [31 x 36] intentionally omitted <==

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: Maysan Almaskati

Name of the external auditor: KPMG Fakhro

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: info@ithmaarholding.com

==> picture [485 x 34] intentionally omitted <==

==> picture [595 x 95] intentionally omitted <==

- Second Preliminary Results (000 AED) :

		2024		2023
1. Total Assets	25,129,992		22,419,048
2. Shareholders Equity	41,904		15,920
3. Total Income	3,340,835		2,690,275
4. Net Operating income	2,533,715		2,017,730
5. Netprofit for theyear	123,748		49,046
6. Earnings per share (fils)	1.32		)1.18(

7. Summary of the company’s performance for the last fiscal year.

Total net profit for the year ended 31 December 2024 was AED 123.75 million compared to the net profit of AED 49.05 million reported for 2023.

==> picture [487 x 247] intentionally omitted <==

----- Start of picture text -----

Authorized
Saqib Mustafa
signatory
Signature and Date
13 February 2025
Company’s Seal
----- End of picture text -----

==> picture [485 x 34] intentionally omitted <==