DFM Welcomes the Listing of Bahrains Ithmaar Holding
Dubai Financial Market (DFM) today revealed the listing of Bahrain's Ithmaar Holding B.S.C. (Ithmaar), one of the leading investment organizations in the Kingdom of Bahrain, as trading commenced on the bank's shares under the trading sign (ITHMR), which appears on DFM screens, trading system and magazines within the Banking Sector.
This listing even more strengthens the famous setting of DFM as the most popular listing location for leading local and regional companies and lifts the complete variety of detailed firms to 66. It additionally lifts number of Dual listings to 16 consisting of five Bahraini business.
Ithmaar Holding Board Member, Abdulelah Ebrahim Al-Qassimi, sounded the market-opening bell in the visibility of His Excellency Essa Kazim, Chairman of DFM and senior representatives from both sides.
Commenting this development, H.E. Essa Kazim said: "We are happy to welcome the listing of Ithmaar Holding on DFM. This is the fifth of its kind twin listing from Bahrain, which underscores the solid ties between the United Arab Emirates and the Kingdom of Bahrain and stands for a solid enhancement to the Banking field on our market, offering investors with brand-new financial investment possibilities. The listing likewise strengthens DFM's placement as the market of selection for firms looking for Double listing in a clear indication on businesses' high level of self-confidence in our exchange due its first-rate framework, huge and varied investor base and innovative provider services. These factors additionally strengthened DFM's leading position as the majority of favoured listing location for business from the UAE and across the region and fortifies Dubai's position as a worldwide monetary center. DFM is regularly efforts to diversify the variety of investment opportunities provided to its substantial investor base by motivating and partnering with business from various industries across the region to gain from providing on the region's leading stock exchange."
Ithmaar Holding Board Member, Abdulelah Ebrahim Al-Qassimi, said: "We are pleased with detailing on the DFM, adding a new key market along with our current listing on the Bahrain Bourse and Boursa Kuwait. The listing is testimony to the crucial duty that Dubai, together with the Kingdom of Bahrain, plays as a key banking and financial solutions hub in the region with its track reputation for excellence".
Ahmed Abdul Rahim, the Group Ceo of Ithmaar Holding, stated: "Ithmaar. Holding is a commonly varied economic solutions company that is accredited and regulated by the Central bank of Bahrain (CBB) DFM listing adds more variety for our shareholders and opens trading on Ithmaar Holding's shares to a new and exciting market, and will produce new investment chances for investors in the GCC markets. The listing ends prep work under the support of the CBB, the Bahrain Bourse, the United Arab Emirate's Stocks and Commodities Authority, and the DFM, and we are deeply grateful for the suggestions and assistance we got.".
Ithmaar Holding owns two wholly-owned subsidiaries: Ithmaar Bank, a Bahrain-based Islamic retail bank, and IB Resources, a financial investment subsidiary. Ithmaar Bank and IB Resources are both qualified and controlled by the CBB. Ithmaar Bank has 66.6 percent of Faysal Bank Limited (FBL), a retail banking subsidiary in Pakistan that is listed on the Pakistan Stock Exchange and is generally taken part in corporate, commercial, retail and customer banking activities..
