Iraq Stock Exchange is holding important scheduled Zoom meetings by the assistance of Mr Wassim Al-Jazrawy the CEO of Al Karmal Stock Exchange

Hosted by the Executive Directors of the companies listed at the ISX market. And these meetings will discuss impressive materials of financial information and disclosures, and exhibit earnings information.

To see more recorded meeting, click the links below:

BBOB recorded meeting 11 July 2020. This communications earnings information was presented by the Executive Director of Bank of Baghdad (BBOB), Mr Basil Al-Dhahi, to discuss financial information and disclosures for the 1st and 2nd Q 2020: https://drive.google.com/file/d/1R6xfc_ckH2flZY2XC7Ow-vrP7MiiXyr4/view

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BNOI recorded meeting 12 July 2020. This communications earnings information was presented by the Executive Director of the National Bank of Iraq (BNOI), Mr Ayman Omran, to discuss financial and informative disclosures.

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IBSD recorded meeting 18 July 2020. This communications earnings information was presented by the Executive Director of the Baghdad Soft Drink company (IBSD), Mr Haider Al-Bassam, to discuss financial and informative disclosures.

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SPBT recorded meeting 17 July 2020. This communications earnings information was presented by the CFO of the Iraq Baghdad for General Transport and Real Estate Investments (SPBT), Mr Shakir Shnaishal, to discuss financial and informative disclosures

IRMC recorded meeting 24 July 2020. This communications earnings information was presented by the CFO of the Ready-Made Clothes (IRMC), Ms Maysoon Jasib Hani, to discuss financial and informative disclosures

BٍٍِِِASH recorded meeting 25 July 2020. This communications earnings information was presented by the Executive Director of the Ashur International Bank for Investment (BASH), Ms Alyaa A’mer Majeed, to discuss financial and informative disclosures.

The most important issue came in the communications discussion session with the CEO of Ashur Bank through ZOOM:-
1- The net profits for the 2nd Q 2020 was approximately IQD 7.4bn.
2- It is expected to distributed 2% dividend at the next GA meeting for the year 2019.
3- The bank’s future strategy is to go towards settlement operations and attract the deposits of state institutions for the purpose of granting credit to citizens with their salaries with the bank in addition to a strategy to support and give credit to small and medium projects SME’s from the grant of the Central Bank of Iraq.
4- Starting to reduce the bank’s deposits with external banks according to the instructions of the central bank from IQD 226bn 1st Q to IQD 194bn targeting 20% of the capital or IQD 50bn end of this year.
5- The provision on bad debts is 93% was covered, to meet the requirements of the application of IFRS 9 and the application will be completed during this year.