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    ITHMR   BH000A0J2499

ITHMAAR HOLDING B.S.C.

(ITHMR)
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Ithmaar Bank B.S.C. : Ithmaar support for Education Scholarship Fund

12/26/2012 | 02:01am EDT

MANAMA, BAHRAIN - 25 December 2012 - Ithmaar Bank, a Bahrain-based Islamic retail bank, helped support a local charity that provides an Education Scholarship Fund (ESF) for children of financially challenged families.

Established by the Pakistani Women's Association (PWA), the ESF helps children escape the poverty trap and, in doing so, helps increase the level of enlightenment in society.

Ithmaar's cheque in support of the Fund was presented to the PWA President, Azra Mohammed Mohsin, by Ithmaar Bank Chief Executive Officer and Member of the Board, Mohammed Bucheerei. Also present were Ithmaar Bank Executive General Manager Juma Abull and PWA Treasurer and Board Member Saadia Khawaja.

"As a pioneering Islamic bank, Ithmaar recognises the important role that education plays in developing our society at large and, more importantly, the significant role we must play in supporting such initiatives," said Bucheerei. "The PWA has been engaged in contributing to local charities for the past fourteen years and the ESF is one of their most important charitable initiatives. We are privileged to be able to help support this noble initiative," he said.

"The Fund currently supports more than 100 children in the current academic year," said Mohsin. "The scholarship recipients have worked hard to remain in the programme and they are relying on the Fund's financial support to fulfil their aspirations. This, in turn, is possible only because of the generous support of people and organisation like Ithmaar," she said.



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Financials (USD)
Sales 2020 312 M - -
Net income 2020 -41,7 M - -
Net cash 2020 32,0 M - -
P/E ratio 2020 -4,88x
Yield 2020 -
Capitalization 166 M 166 M -
EV / Sales 2019 0,04x
EV / Sales 2020 0,55x
Nbr of Employees 267
Free-Float 50,3%
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Ahmed Abdulrahim Chief Executive Officer
Amr Mohammed Al-Faisal Al-Saud Chairman
Balu Tiruvilandur Ramamurthy Head-Compliance & Anti Money Laundering
Abdulellah Ebrahim Mohamed Al-Qassimi Independent Non-Executive Director
Zamil Abdullah Al-Zamil Independent Non-Executive Director
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