Ithmaar Holding B.S.C. has announced that its Board of Directors will review and approve the financial results for the period ending on March 31, 2026. The meeting is scheduled for Wednesday, May 13, 2026, at 2:00 PM. This announcement is addressed to the Bahrain Bourse and the Dubai Financial Market. The authorized signatory for this announcement is Husain Ahmed Haider.

The Extraordinary General Meeting of Ithmaar Holding B.S.C. was held on Sunday, March 8, 2026, at 1:30 PM at the Al Dana Hall, Le Méridien Hotel, City Centre Bahrain, with the option for electronic attendance. The meeting was chaired by His Royal Highness Prince Amr bin Mohammed Al Faisal Al Saud, Chairman of the Board, who welcomed the shareholders, representatives from the Ministry of Industry and Commerce, the Central Bank of Bahrain, Bahrain Bourse, and auditors. The appointment of Ms. Fatima Abdullah Mafez as the meeting secretary was proposed and approved. The meeting's invitation and agenda were published on February 12, 2026, as required by the Commercial Companies Law. Representatives from KFin Technologies (Bahrain) W.L.L. confirmed the quorum for the second meeting, as the first meeting on March 5, 2026, did not meet the required quorum due to unforeseen circumstances. Shareholders representing two-thirds of the company's capital attended in person or by proxy. The meeting commenced at 1:30 PM. The minutes from the Extraordinary General Meeting held on May 29, 2024, were received and ratified, with the president allowing for discussion and inquiries.

Ithmaar Holding B.S.C held its second Extraordinary General Meeting (EGM) on March 8, 2026, with a quorum of 52.09%. The EGM approved the minutes from the previous meeting on May 29, 2024, and acknowledged reports from the Board of Directors, KPMG Fakhro, and RSM regarding a proposed recapitalization plan. Subject to regulatory approvals, the EGM also approved a reduction in the company's issued share capital from $757,688,757 to $94,673,308.25 by canceling 2,531,466,555 shares to extinguish accumulated losses, while maintaining the nominal share value of $0.25. The reduction will be on a pro rata basis, with shareholders retaining approximately one share for every eight previously held. The new number of shares will be 378,693,233.

The Extraordinary General Meeting was postponed due to the lack of a quorum on Thursday. A second meeting is scheduled for Sunday, March 8, 2026, at 1:30 pm, to be held at Al Dana Ballroom, Le Meridien Hotel, City Centre Bahrain, Seef District, Kingdom of Bahrain. The announcement was made by Saqib Mustafa, the authorized signatory.

A shareholder of Ithmaar Holding B.S.C. is appointing a proxy to represent and vote on their behalf at the company's Annual Ordinary General Meeting scheduled for March 29, 2026, at The Westin City Centre Bahrain Hotel. If the meeting lacks quorum, subsequent meetings are planned for April 5 and April 12, 2026, at the same venue and time. The proxy is authorized to vote on several agenda items, including approving the minutes from the previous meeting, discussing and approving reports from the Directors, Sharia Supervisory Board, and External Auditors, and approving the company's consolidated financial statements for 2025. Additionally, the proxy will vote on the Board of Directors' recommendation to allocate funds to statutory reserves and accumulated losses, pending regulatory approvals.

Ithmaar Holding B.S.C., a company incorporated in Bahrain, has issued a circular to its shareholders. The circular concerns the consideration and approval of a related party resolution by independent shareholders. This resolution pertains to an in-kind contribution as part of a rights issue by Dar Al-Maal Al-Islami Trust and its affiliates, who are major shareholders of Ithmaar Holding.

The preliminary results for the year ending December 31, 2025, for Ithmaar Holding B.S.C. have been released. The company, established on August 13, 1984, has a paid-up and subscribed capital of 3,030,755,027 shares at $0.25 per share, totaling $757,688,757 (AED 2,782,687,729). The authorized capital is 8,000,000,000 shares at $0.25 per share, amounting to $2,000,000,000 (AED 7,345,200,000). The Chairman of the Board is HRH Prince Amr Mohammed Al Faisal, and the Group Chief Executive Officer is Maysan Almaskati. The external auditor is KPMG Fakhro. The company's mailing address is Seef Tower, Building 2080, Road 2825, Al Seef District 428, P.O. Box 2820, Manama, Kingdom of Bahrain. Contact details include a telephone number +973 1758 4000, fax +973 1758 4017, and email info@ithmaarholding.com.

The document is prepared in line with the SCA Board of Directors' Decision No. (32/R.M.) of 2019, addressing companies with shares listed on the market whose accumulated losses are 20% or more of their paid-up capital. Compliance with the decision is mandatory when losses reach 50% or more. Ithmaar Holding B.S.C. reported financial statements for Q4 2025, showing accumulated losses of USD 827.64 million, which is 109% of the paid-up capital. The losses initially reached 68.8% in December 2016 due to impairment provisions from non-core investments during financial crises. In 2018, early adoption of FAS30 led to additional impairments, raising losses to 98%. In 2020, losses increased by $87.5 million due to COVID-19's economic impact. Subsequent years saw fluctuations with decreases in 2021 and 2024 due to net income, and increases in 2022 and 2023 due to net losses. By 2025, losses slightly decreased by $1.01 million due to net profit. The document provides a detailed analysis of losses, especially when they exceed 50% of the company's capital.

Ithmaar Holding B.S.C. has announced that its Board of Directors met on Wednesday, February 11, 2026, at 2 PM and approved the financial results for the period ending December 31, 2025.