MANAMA: The Board of Directors of Ithmaar Bank, a Bahrain-based Islamic retail Bank that is licensed and regulated by the Central Bank of Bahrain (CBB), issued on Thursday a statement clarifying that the shares of its parent company, Ithmaar Holding, have been suspended on March 14th from trading in Bourse Kuwait.
The Bank is a subsidiary of Ithmaar Holding and is a distinct legal entity from its parent and, since the implementation of the new Group structure on 2 January 2017, Ithmaar Bank has reported profits for 2017 and 2018, and continues to report stable, consistent improvements to its financial performance.
The Board of Directors of Ithmaar Bank assures all customers that the Bank is committed to remaining one of the leading retail banks in Bahrain and to growing closer to its customers. The Bank, the statement added, will continue to invest heavily in its infrastructure to provide better products and services, and further enhance its’ customers banking experience.