DFM lists Ithmaar Holdings

Dubai : Dubai Financial Market (DFM) yesterday announced the listing of Bahrain’s Ithmaar Holding B.S.C. (Ithmaar) under the trading symbol (ITHMR). 

This lifts the total number of listed companies on DFM to 66. It also lifts the number of Dual listings to 16 including five Bahraini companies.

Ithmaar Holding Board Member, Abdulelah Ebrahim Al-Qassimi, rang the market-opening bell in the presence of Essa Kazim, Chairman of DFM and senior representatives from both sides.

Commenting on the development, Essa Kazim said: “This is the fifth of its kind dual listing from Bahrain, which underlines the strong ties between the United Arab Emirates and the Kingdom of Bahrain and represents a strong addition to the Banking sector on our market, providing investors with new investment opportunities.”

The listing, Ithmaar Holding Board Member, Abdulelah Ebrahim Al-Qassimi, said, is a testimony to the important role that Dubai, alongside the Kingdom of Bahrain, plays as a key banking and financial services hub in the region with its reputation for excellence.

Ahmed Abdul Rahim, the Group Chief Executive Officer of Ithmaar Holding, said: “The listing concludes preparation under the guidance of the CBB, the Bahrain Bourse, the United Arab Emirate’s Securities and Commodities Authority, and the DFM, and we are deeply grateful for the advice and support we
received.” 

Ithmaar Bank owns 66.6 percent of Faysal Bank Limited (FBL), a retail banking subsidiary in Pakistan that is listed on the Pakistan Stock Exchange and is mainly engaged in corporate, commercial, retail and consumer banking activities.