Monday 07, April 2008 by
Ithmaar Bank AGM approves $53.7 million cash dividend payout
The Annual General Meeting (AGM) of Ithmaar Bank, a Bahrain- based investment bank with global reach, recently approved a $53.7 million cash dividend payout for the year ended 31 December 2007, as recommended by its board of directors. The bank announced record earnings last month, achieving a consolidated net profit of $188.3 million. Shareholders also approved the directors’ report, the auditor’s report and the consolidated financial statements at the AGM, which was held at the Regency InterContinental Bahrain, and presided over by Ithmaar Bank chairman, Khalid Abdulla-Janahi.
