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Turkey increases e-visa fees for Leadership hails National Action Charter milestone Bahrainis, says TDT | Manama Foreign Ministry ahrain’s leadership yesterday TDT | Manama extended congratulations to the Bpeople of Bahrain on the 19th an- Looking forward to more ahraini citizens wish- niversary of the National Action Charter landmark achievements Bing to visit the Turkish (NAC), which transformed the political, for the bright future of the Republic will now have to social and economic dimensions of the coming generations in the pay more, as the authori- Kingdom. Kingdom of Bahrain ties there have hiked the The document put forward by His electronic entry visa fees for Majesty King Hamad bin Isa Al Khalifa HIS MAJESTY THE KING Bahrainis to US$77, said the in 2001 was approved in a national ref- Ministry of Foreign Affairs erendum with 98.5 per cent voting in fa- in a statement yesterday. vour. Voters turnout for the referendum Holders of the diplomatic which took place on 14 and 15 February and special passport can ob- was 90.2pc. Hamad Al Khalifa, the Crown Prince, dent on the 19th anniversary of NAC. tain their visa upon arrival, In a message, His Royal Highness, Deputy Supreme Commander and First HM the King’s Representative for for staying in the Turkish the Prime Minister, Prince Khalifa bin Deputy Premier, in a message, stressed Charity Work and Youth Affairs, National pioneering role model. Republic for a maximum of Salman Al-Khalifa, paid tribute to HM HM the King’s role as chairman of the Security Advisor and Chairman of the HH Shaikh Nasser indicated that the 15 days. the King hailing his “far-sighted vision committee in charge of activating the Supreme Council for Youth and Sports, adoption of the NAC boosted the King- However, the Ministry of and wisdom in leading Bahrain’s march National Action Charter. HH Shaikh Nasser bin Hamad Al Khalifa, dom’s development march, as well as its Foreign Affairs statement of development and progress.” HRH the Premier and HRH the Crown extended profound congratulations to youth and sports movement. said, diplomatic and special HM, the King thanked the Premier, Prince also exchanged cables of congrat- the leadership as well as the Bahraini HH Shaikh Nasser pledged to spare no passport holders should ap- lauding his role in building modern Bah- ulations. people. effort to carry on developing the youth ply for an entry visa through rain, and said that he is looking forward His Majesty also received a cable of In a statement, HH Shaikh Nasser ex- and sports movement in the Kingdom. the Turkish Embassy for to seeing “more landmark achievements congratulations from Her Royal High- pressed pride in the National Action Ministers, members of the diplomatic staying longer in the coun- for the bright future of the coming gen- ness Princess Sabeeka bint Ibrahim Charter, praising the landmark achieve- corps, top officials, Bahraini embassies try. erations.” Al-Khalifa, Wife of HM the King and Su- ments and the comprehensive develop- abroad also extended their congratula- His Royal Highness, Prince Salman bin preme Council for Women (SCW) Presi- ment march that has made Bahrain a tions. Boosting ties New clashes in Libya despite ceasefire call

Tripoli

ival forces clashed in the Libyan capital yesterday, Rcausing new civilian casualties in the grinding con- flict a day after a UN Security Council resolution called for a “lasting ceasefire”. The resolution was the coun- cil’s first since eastern Libya strongman Khalifa Haftar launched an offensive last April Forces backing Libya’s unity government, seen here last May, have been battling Haftar’s forces since he launched an April offensive to take the capital to seize Tripoli, the seat of the UN-recognised Government of A new round of violence on it was again suspending flights National Accord (GNA). the southern outskirts of the following a rocket strike. His Royal Highness, Prime Minister, Prince Khalifa bin Salman Al Khalifa, at his residence in Germany with Kuwaiti Prime But the text, which calls in Libyan capital on Thursday left Witnesses heard explosions Minister, His Highness, Shaikh Sabah Al-Khalid Al-Hamad Al-Sabah, who visited the Premier to get reassured about his particular for the consolidation civilians dead and wounded. in the largely agricultural area health. He also conveyed to HRH the Premier greetings and congratulations from the Amir of Kuwait, HH Shaikh Sabah Al- of a fragile truce observed since Tripoli’s sole functioning air- of Machrou al-Hadhba about Ahmed Al-Jaber Al-Sabah, and Crown Prince, HH Shaikh Nawaf Al-Ahmed Al-Jaber Al-Mubarak Al-Sabah. HRH the Premier January 12, has not yielded the port of Mitiga, frequently shut 30 kilometres (18 miles) south expressed deepest thanks to his Kuwaiti counterpart for his visit and praised the strong fraternal relations between desired results. down by violence, announced of the Tripoli city centre. Bahrain and Kuwait. The Kuwaiti Prime Minister congratulated HRH the Premier on his successful recovery Nazi bombing UK’s Big Ben tower more badly damaged by Nazi bombs than thought DON’T MISS IT Reuters | London the atmosphere and the discov- ery of asbestos in unexpected ritain’s Big Ben tower at places, we have only now been Future food the Houses of Parliament able to fully understand the full 03 security Bwas more badly dam - investment required for this aged by German bombs during project,” he said in a statement. World War Two than originally 79.7m Among other problems, bomb Billion dollar thought, experts said yesterday, is the now estimated cost damage inflicted on the tower of repair 04 sanction busting as the bill for its restoration rose during the war had been found scheme by 18.6 million pounds ($24 mil- to be more extensive than first lion). thought. The 177-year-old tower has Although the tower survived Alba reports profit been swathed in scaffolding for of the House of Commons, said Nazi bombing, its roof and dials 08 the past three years as craftsmen the task of restoring the tower were damaged in a May 1941 air refurbish its stonework and fa- had been more complex than raid which destroyed the main The Elizabeth Tower, housing the Big Ben bell, is seen clad in scalffolding, over 210 fils (includes VAT) mous 12-tonne clock. anticipated. House of Commons chamber. Being able to get close to the the Houses of Parliament, in central London “Alongside other issues, such The latest refurbishment of 315-foot (96m) tower has al - The House of Commons and splendour, the budget would as the impact of often inappro- the structure, during which its lowed them to spot other prob- House of Lords Commissions need to rise from 61.1 million to priate conservation methods 13-tonne Big Ben bell has been lems like damage caused by pol- said they had been told that to 79.7 million pounds. used by our predecessors, the largely silenced, is expected to lution and asbestos. restore the tower to its previous Ian Ailles, Director General corrosive levels of pollution in be finished next year. FRIDAY, FEBRUARY 14, 2020 02 HRH CP, Dr Al Zayani mull promoting diplomatic ties TDT | Manama

is Royal Highness, the HCrown Prince, yesterday explored ways to further ex- pand Bahrain’s diplomatic pol- icies across the region and be- yond with the newly appointed Minister of Foreign Affairs Dr Abdullatif bin Rashid Al Zayani. During a meeting at the Gu- daibiya Palace, Prince Salman bin Hamad Al Khalifa congrat- ulated the newly appointed His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander, and First Minister of Foreign Affairs and Deputy Prime Minister, with the Chairman of the Milken Institute, Michael Milken, at Gudaibiya Palace. HRH the Crown wished him further success in Prince noted the importance of implementing progressive programmes and policies aimed at further developing the promoting the Kingdom’s dip- HRH the Crown Prince with newly appointed Minister of Foreign Affairs Dr national economy, enhancing innovation and providing quality opportunities that benefit the Kingdom and its citizens. lomatic policies. Abdullatif bin Rashid Al Zayani Prince Salman also highlighted the role think tanks play in shaping policy and economic agendas aimed at further The Crown Prince, Deputy enhancing sustainable development. Supreme Commander, and First Crown Prince wished the Ad- his tenure as the Minister of Deputy Prime Minister high- visor to HM the King for Dip- Foreign Affairs. lighted the efforts of Bahrain’s lomatic Affairs, Shaikh Khaled Dr Al Zayani thanked His diplomats and the important bin Ahmed bin Mohammed Royal Highness and highlighted role they play in enhancing the Al Khalifa, success in his new the importance of HRH’s direc- Kingdom’s comprehensive de- position and praised him for tives and guidance towards sup- velopment, led by HM the King. strengthening the Kingdom’s porting the Ministry’s various Further to this, HRH the multilateral relations during initiatives.

Commander-in-Chief of Bahrain Defence Force (BDF) Field Marshal Shaikh Khalifa bin Ahmed Al Khalifa yesterday patronised a celebration marking the 50th anniversary of the Royal Shields, held in conjunction with the 52nd anniversary of BDF. On arrival at the venue of the ceremony, the BDF Commander-in-Chief was welcomed by Defence Minister Lieutenant General Abdullah bin Hassan Al Nuaimi, Chief of Staff Lieutenant General Dhiab bin Saqr Al Nuaimi, Shura Council Chairman Ali bin Saleh Al Saleh and Representatives Council Speaker Fawzia Abdullah Zainal extended Defence Ministry Undersecretary Major General Shaikh Ahmed bin Mohammed Al Khalifa, Royal Shields Commander congratulations to Bahraini leadership, as well as the Bahraini people on the 19th anniversary of the National Action Major General Rashid Abdullah Al Nuaimi and senior officers. The BDF Commander-in-Chief made a tour and got Charter (NAC). They stressed that the charter paved the way for a new phase in the kingdom’s history thanks to a informed about vehicles, equipment, weaponry and technologies introduced to the Royal Shields. The celebration was farsighted royal vision. The Representatives Council Speaker stressed the achievements brought about by the National attended by General Command Court Director Major General Hassan Mohammed Sa’ad, Military Advisor Major General Action Charter, mainly in the field of women’s empowerment. She also called on all to take part in a discussion on Shaikh Abdulaziz bin Ahmed Al Khalifa, Assistant Chief of Staff for Supply and Catering Rear Admiral Yusef Ahmed February 19 on a book highlighting the legislative march in Bahrain over the past 20 years. Malallah and senior officers.

The Royal Charity Organisation (RCO), under the patronage of its Secretary- HM King General Dr Mustafa Al Sayed, celebrated the National Action Charter Day. Dr Al restructures Sayed extended his congratulations to Bahraini leadership and all Bahrainis Bahrain on the occasion. He said that RCO is the fruit of Bahrain’s comprehensive Chamber development process, noting that it was a small committee and today it is a for Dispute pioneer organisation in charitable and humanitarian work, that has a great Resolution reputation internationally. TDT | Manama

is Majesty King Ham- Had bin Isa Al Khalifa Ambassador-designate of yesterday issued a decree Bahrain to Egypt and Permanent restructuring the Bahrain Assistant Minister for Foreign Affairs, Abdullah bin Faisal bin Jabr Al Dossari, Representative to the Arab League Chamber for Economic, receives in his office at the Ministry’s General Court today, Journalist and Hisham bin Mohammed Al-Jowder Financial and Investment Researcher Youssef Mohamed Ismail, who presented him with a copy of his extended congratulations and book “Zayed and Bahrain”. greeting to Bahraini leadership Dispute Resolution. and the people of Bahrain on the The restructured sev- 19th Anniversary of the National en-member board will have Action Charter (NAC). Al-Jowder was Shaikha Haya bint Rashid speaking during a ceremony held Al Khalifa as Chairperson by the Embassy of Bahrain in Cairo. and Dr Jan Paulsen, India An educational contest was held on Johnson, Youssef Abdul- the occasion for the embassy staff, hassan Khalaf, Stephen Ja- titled “Here is Bahrain”. gusch, Reza Mohtashami, Elie Clayman and Rashid Abdulrahman Ibrahim as board members. The National Institution for Human Rights The term of the (NIHR) yesterday celebrated the 19th board members is three anniversary of the National Action Charter years. (NAC), describing approval of the civilisational The Minister of Justice, national model as a milestone in the Kingdom Islamic Affairs and Endow- of Bahrain, under the leadership of His Majesty King Hamad bin Isa Al Khalifa. NIHR ment will implement the President Maria Khouri extended sincerest provisions of this Decree congratulations to HM the King, stressing that will become effective the institution’s unwavering commitment to from the date of its issuance Information Affairs Minister, Ali bin Mohammed Al-Romaihi, with the newly the charter’s principles of justice, equality, and will be published in the appointed Egyptian Ambassador to Bahrain, Yasser Mohammed Ahmed democracy, the sovereignty of the law and Official Gazette, said a state- Shaaban. The minister welcomed the envoy and wished him every success in respect of human rights. ment on BNA. carrying out his diplomatic duties. 03 FRIDAY, FEBRUARY 14, 2020 big story In pursuit of future food security Bahrain unveils new time plan for the implementation of the royal food security initiative

the expertise of professionals in The new plan this area. • The project identifies six BETTER puts food production sites for agricultural production on the fast track spread over four governorates in the Kingdom and three land KNOW Envisages improved and sea sites for aquaculture. participation• of HM King also gave directives to allocate part of Ras Haiyan area private sector for aquaculture investments. “The ministry will spare no To use advanced effort to put the royal directives agricultural• models into action to fulfil the royal in hydroponics and aspirations and to benefit the Kingdom,” said Essam bin Ab- fish farming dullah Khalaf during yesterday’s meeting. TDT | Manama USing innovative technologies he Minister of Works, The meeting reviewed the Municipal Affairs and proposals to expand advanced TUrban Planning yester- agricultural models in hydro- day announced an integrated ponics and fish farming and time plan for the development Minister of Works, Municipal Affairs and Urban Planning Isam bin Abdullah Khalaf said the implementation of the initiative support Bahraini youth with in- His Majesty the King of hydroponics and fish farming would boost the contribution of local production novative technologies. in the Kingdom to expand local Yesterday’s discussions also gave directives to production. also points out that the King- ages the participation of Bah- follow Bahrain’s signing a Mem- allocate required lands The plan, Minister Essam bin dom only met 11.0pc of its food rain’s private sector in agricul- orandum of Understanding and set up govern- Abdullah Khalaf said, will boost consumption needs from pro- tural production, which is ex- with the UAE to exchange ex- ment companies for local production of vegetables duction in 2016 compared to pected to eventually boost local pertise and experience in food agriculture and fishing to 20 per cent and increase the The ministry will 16.2pc in 2011. “Instead, the total production and reduce the King- security. projects as outlined in contribution to achieveing au- volume of food imports in Bah- dom’s reliance on food imports. spare no effort to put Global food security index the “strategic project to-sufficiency in fish from 50 the royal directives rain grew 7.8pc between 2011 The move follows the national to 62pc. and 2016, when compared to strategy to improve food security The Global Food Security In- for national food pro- The move falls in line with into action to fulfil 5.3pc increase in Saudi Arabia which includes allocating multi- dex, which considers the core duction” initiative His Majesty King Hamad bin Isa the royal aspirations and 3.1pc increase in the UAE.” ple sites for fish farming, boost issues of affordability, availabil- Al Khalifa’s initiative that aims and to benefit the This should be read along financing for agriculture, live- ity, and quality across a set of 113 at boosting local production to Kingdom with the population projection stock as well as in agricultural countries, ranks Bahrain 50th on poverty line, and presence and help reduce Kingdom’s reliance of Information and eGovern- projects in Bahrain and abroad. the index. The index published quality of food safety net pro- on imports and ensuring future ESSAM BIN ABDULLAH KHALAF DURING ment Authority, which says that Bahrain’s “strategic project for earlier by the Economist Intel- grammes as Bahrain’s strengths. food security. YESTERDAY’S MEETING. the population here will reach national food production” initia- ligence Unit counts access to fi- The index also recommends 2,260,000 in 2032. tive primarily aims at developing nancing for farmers, availability improving nutritional standards, Rising food consumption sumption is expecting a jump the capacity of national food in- of micro-nutrients, agricultural as well as public expenditure According to a report by Food from 0.8 million MT in 2018 to Encourages private sector dustries, increase the proportion import tariffs, the proportion of on agricultural Research and Navigator, Bahrain’s food con- 1.0 million MT by 2023, which The new policy thus encour- of local production, and preserve the population under the global Development.

Lane closures Govt financial subsidies service Former French PM key speaker at Int’l TDT | Manama now available on Bahrain.bh Day of Conscience celebrations in NY TDT | Manama he Ministry of Works Tannounced closing he Information & eGovernment Authority (iGA) yester- The United Nations one and two lanes in stag- Tday announced the launch of the Government Subsidies • es on both directions on service on the National Portal, bahrain.bh. adopted HRH Premier’s King Hamad Highway at The move, in cooperation with the Ministry of Labour & initiative to mark the its junction with Avenue 96 Social Development, allows eligible citizens to conveniently International Day of for resurfacing works. The check online the types of subsidies available to them and Conscience in April 2019 closure is from Thursday at disbursement dates from relevant government entities. 11 pm to Saturday at 5 am. Citizens looking to benefit from the Government Subsidies service can visit bahrain.bh and register via their eKeys or Paris Muasker Highway ID cards. Works on Muaskar High- Once logged in, users can access the details of the subsi- ormer French Prime Minis- way, near its junction with dies, print the statement, or receive it by email. Fter, Dominique de Villepin, Riffa Avenue, necessitate For more information or any other inquiries, visit the Na- will be a key speaker in the cel- the closure of one lane for tional Portal bahrain.bh or call the National Contact Center ebration to be held by Bahrain the westbound traffic to on 80008001 on April 6 in New York as part Riffa. One lane will remain of the International Day of Con- open. The closure is effec- science. tive from Thursday at 11 pm The global event was adopted to Saturday at 5 am. by the United Nations following an initiative submitted by His Sh. Khalifa Bin Salman Royal Highness Prime Minister Shaikh Hussam bin Isa Al Khalifa receives Dominique de Villepin, as part of the Highway Prince Khalifa bin Salman Al on-going preparations to celebrate the International Day of Conscience. Lanes on stages of Sh. Khalifa to announce April 5 as Khalifa Bin Salman High- an “International Day of Con- thanks to Dominique de Ville- and security. way will remain closed for science” to motivate the inter- pin for his participation as a Shaikh Hussam indicated works of Saar Flyover. national community to resolve key speaker in the celebra - that HRH Premier’s initiative On Friday and Saturday, conflicts peacefully. tion, praising his wide expe- was in line with the Prime Min- from 12 am to 10 am, a slow The announcement was rience in the international ister’s belief in the importance lane for southbound traffic made as Shaikh Hussam bin Isa field. of the ‘conscience culture’ in will be closed. Two lanes Al Khalifa received Dominiq- Dominique de Villepin laud- boosting the country’s sustain- will remain open. ue de Villepin, as part of the ed HRH Premier’s launch of able efforts. On Friday from 12 am to on-going preparations to cele- the International Day, valuing The United Nations adopt- 10 am, a fast lane for north- brate the International Day of highly the goals of the initia- ed HRH Premier’s initiative to bound traffic leading to Ma- Conscience. tive aimed at ensuring that the mark the International Day of nama will be closed. Two Shaikh Hussam expressed entire humanity enjoys peace Conscience in April 2019. lanes will remain open. FRIDAY, FEBRUARY 14, 2020 04 Bahrain tightens noose around Iran-owned banks in billion dollar sanction busting scheme

TDT | Manama of Bahrain (CBB) found Future Bank and its controlling share- Key takeaways ahrain’s public prosecu- holders to have engaged in sys- Futurebank concealed at least $7 billion of transactions between 2004 tors have announced first temic and widescale violations and 2015 Bcharges in a money laun- of Bahrain’s banking laws. Two Iranian state-owned banks, Bank Saderat and Bank Melli partly dering case linked to a multibil- Subsequent interviews with owns the Future Bank established in 2004 lion-dollar corruption scheme Future Bank employees and a by an Iran-backed bank that se- review of tens of thousands of Bahraini auditors uncovered cretly helped Iran evade sanc- Future Bank documents were transactions linked to Iran’s Islamic tions for more than a decade. undertaken by the CBB, the Fi- Revolutionary Guard Corps Attorney General, Dr Ali bin nancial Investigation Unit of the Auditors discovered more than Fadhel Al Buainain, said charges Ministry of Interior, and inde- 4,500 instances of wire-stripping were levelled against corpora- pendent international regulato- by bank officials tions and individuals involved ry experts and forensic analysts. in the scheme, which follows a Identified thousands of multi-year investigation. Wire stripping, covert transactions that directly violated Bahraini auditors earlier messaging international sanctions against Iran found that the now-closed Fu- The investigations found US and European officials had ture Bank — a joint venture part- The now-closed Future Bank — a joint venture partly owned by two Iranian state- Future Bank, acting under the blacklisted the bank and banned it ly owned by two Iranian state- owned banks, Bank Saderat and Bank Melli (Picture courtesy of Arab News) direction of Bank Saderat and from using SWIFT owned banks, Bank Saderat and Bank Melli, to have executed Bank Melli, routinely altered Islamic Revolutionary Guard referred the cases to Bahrain’s thousands of international fi- financial documents to mask Corps. High Criminal Court, with fur- nancial transactions while con- erately concealed transactions in combatting money laundering illicit trade between Iran and Bank Melli and Bank Sader- ther charges expected as investi- cealing the involvement of Ira- from Bahraini regulators. These and the financing of terrorism. dozens of foreign partners. at, have also been accused by gations continue into thousands nian entities. actions allowed Future Bank to Investigating and prosecuting According to reports, the Fu- US officials of helping finance of remaining transactions. One form of concealment in- conceal an additional USD 2 bil- violations is an essential part of ture bank concealed at least $7 Iran’s nuclear programme and In parallel, discussions are volved the deliberate remov- lion of transactions. protecting the integrity of the billion of transactions between what they say is its international being held with other countries al of mandatory information international financial system.” 2004 and 2015 during while they terrorism network, reports say. affected to investigate how the when transferring money via Fully committed: Al Maraj The Governor went on to say were barred by international illicit transactions may have the SWIFT network – an illic- Rasheed Al Maraj, the Gover- that although the volume and sanctions. Multiple offences impacted the global banking it practice referred to as “wire nor of the Central Bank of Bah- value of transactions in the case Court documents say, Bahrain The defendants are charged system. stripping”. The investigation rain, which has been assisting are comparable to other inter- officials uncovered hundreds of with multiple offences under identified thousands of wire- the Public Prosecution with its national money laundering in- bank accounts tied to individuals Bahrain’s Law on Prevention Wide-Scale violations stripped transactions, totalling investigations, said: “As part of vestigations, the complexity and convicted of crimes including and Combating Money Launder- Providing additional details approximately USD 5 billion. the Financial Action Task Force magnitude of the investigations money laundering and terrorist ing, as well as violations of appli- on the investigations, the Attor- The second form of conceal- and a founding member of the are compounded by the need financing, as well as phantom cable Bahraini banking laws and ney General stated that a 2018 ment involved the use of a covert regional MENA-FATF, Bahrain is to disentangle the subterfuge loans provided to companies regulations. assessment of Future Bank’s messaging service as an alter- committed to full implementa- of Iranian-backed financing of that operate as fronts for Iran’s The Public Prosecution has operations by the Central Bank native to SWIFT, which delib- tion of international standards terrorism.

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 )AUDITED(

CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONSOLIDATED STATEMENT OF PROFIT OR LOSS CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME AS AT 31 DECEMBER 2019 (In thousands of U.S. Dollars) FOR THE YEAR ENDED 31 DECEMBER 2019 (In thousands of U.S. Dollars) FOR THE YEAR ENDED 31 DECEMBER 2019 (In thousands of U.S. Dollars)

2019 2018 2019 2018 2019 2018

ASSETS Profit (loss) for the year 18,428 (52,202) Gross premiums written 194,614 262,791 Outward reinsurance premiums (64,398) Cash and bank balances 81,261 115,935 )52,136( Other comprehensive income Investments 545,214 495,678 Change in unearned premiums 31,091 15,559 Items that will be reclassified to profit or loss: Accrued income 71,358 86,585 Net earned premiums 173,569 213,952 Changes on remeasurement of available for sale investments 16,630 (4,994) Insurance receivables 117,872 127,373 Transfers for recognition of gains on disposal of available for sale investments )3,421( (518) Insurance deposits 22,505 27,603 Transfers for impairment loss recognised on available for sale investments 1,314 206 Claims and related expenses )107,794( (175,226) Deferred policy acquisition costs 17,915 25,433 Other comprehensive income for the year 14,523 (5,306) Policy acquisition costs )49,849( (58,089) Reinsurers’ share of technical provisions 130,675 110,629 Total comprehensive income for the year 32,951 (57,508) Other assets 30,329 44,078 Investment income attributable to insurance funds 17,683 5,963 Attributable to: Property and equipment 18,712 19,245 Operating expenses )11,070( (13,263) Non-controlling interests 948 3,056 TOTAL ASSETS 1,035,841 1,052,559 Underwriting result 22,539 (26,663) Shareholders of parent company 32,003 (60,564) 32,951 (57,508) LIABILITIES AND EQUITY Investment income attributable to shareholders’ funds 8,612 4,086

LIABILITIES Operating expenses - non underwriting activities )5,404( (9,281) CONSOLIDATED STATEMENT OF CASH FLOWS Technical provisions 633,769 684,569 Borrowing cost )253( (808) FOR THE YEAR ENDED 31 DECEMBER 2019 (In thousands of U.S. Dollars) Insurance payables 90,726 69,305 Other income 1,318 5,165 Borrowings 7,000 7,000 Other expenses and provisions )8,384( (24,701) 2019 2018 Other liabilities 58,021 66,811 Profit (loss) for the year 18,428 (52,202) TOTAL LIABILITIES 789,516 827,685 CASH FLOWS FROM OPERATING ACTIVITIES EQUITY Attributable to: Premiums received 192,493 233,874 Reinsurance premiums paid )35,484( (54,829) Attributable to shareholders of parent company Non-controlling interests 902 3,049 Claims and acquisition costs paid )238,096( (193,960) Share capital 220,000 220,000 Shareholders of parent company 17,526 (55,251) Treasury stock )14,793( (14,793) Reinsurance receipts in respect of claims 63,440 26,685 18,428 (52,202) Reserves 51,705 35,670 Investment income 9,478 37 Accumulated losses )28,539( (44,507) Earnings )losses( per share attributable to shareholders Interest received 3,271 2,820 228,373 196,370 )basic and diluted(: 27 (US Cents) 8.9 (27.9) Dividends received 1,044 1,300 Non-controlling interests 17,952 28,504 Operating expenses paid )21,505( (21,162) TOTAL EQUITY 246,325 224,874 Other income (expenses), net 4,091 (3,055) TOTAL LIABILITIES AND EQUITY 1,035,841 1,052,559 Insurance deposits received (paid), net 4,354 (1,928) Purchase of trading investments )5,363( (14,355) Sale of trading investments 15,698 19,127 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Net cash used in operating activities )6,579( (5,446) FOR THE YEAR ENDED 31 DECEMBER 2019 (In thousands of U.S. Dollars) CASH FLOWS FROM INVESTING ACTIVITIES )Accumulated losses( Non-controlling Maturity/sale of investments 102,163 178,798 Share capital Treasury stock Reserves Total equity retained earnings interests Purchase of investments )143,022( (110,110) Term deposits with bank )8,339( 13,708 Balances at 31 December 2018 220,000 )14,793( 35,670 )44,507( 28,504 224,874 Interest received 9,062 10,223 Net profit for the year - - - 17,526 902 18,428 Investment income 1,662 135 Changes on remeasurement of available for sale investments - - 16,525 - 105 16,630 Collateralised cash deposits 13,986 (11,201) Transfers for recognition of gains on disposal of available for sale investments - - )3,269( - )152( )3,421( Purchase of property and equipment )2( (103) Transfers for impairment loss recognised on available for sale investments - - 1,221 - 93 1,314 Purchase of intangible assets )82( (211) Investment in associate Total comprehensive income for the year - - 14,477 17,526 948 32,951 - (100) Net cash )used in( provided by investing activities )24,572( 81,139 Transfer of net depreciation on revalued property - - )195( 195 - - Transfer to (from) non-distributable reserves - - 1,753 )1,753( - - CASH FLOWS FROM FINANCING ACTIVITIES Subsidiary’s capital reduction - - - - )11,500( )11,500( Borrowings - (27,000) Balances at 31 December 2019 220,000 )14,793( 51,705 )28,539( 17,952 246,325 Borrowing cost )279( (1,338) Parent company balances at 31 December 2019 220,000 )14,793( 51,575 )28,409( - 228,373 Dividends paid )51( (374) Balances at 31 December 2017 220,000 (14,793) 41,178 10,549 25,448 282,382 Subsidiary’s capital reduction - minority interests )11,500( - Net (loss) profit for the year - - - (55,251) 3,049 (52,202) Net cash used in financing activities )11,830( (28,712) Changes on remeasurement of available for sale investments - - (4,850) - (144) (4,994) Transfers for recognition of (gains) losses on disposal of available for sale investments - - (669) - 151 (518) Net )decrease( increase in cash and cash equivalents )42,981( 46,981 Transfers for impairment loss recognised on available for sale investments - - 206 - - 206 Effect of exchange rates on cash and cash equivalents )32( (11) Total comprehensive income for the year - - (5,313) (55,251) 3,056 (57,508) Cash and cash equivalents, beginning of year 109,908 62,938 Transfer of net depreciation on revalued property - - (195) 195 - - Cash and cash equivalents, end of year 66,895 109,908 Balances at 31 December 2018 220,000 (14,793) 35,670 (44,507) 28,504 224,874 Term deposits with bank 14,366 6,027 Parent company balances at 31 December 2018 220,000 (14,793) 35,594 (44,431) - 196,370 Cash and bank balances, end of year 81,261 115,935

These consolidated financial statements were approved by the Board of Directors on 13 February 2020 and signed on its behalf by:

Saeed Mohammed AlBahhar Ahmed Saeed AlMahri Samuel Verghese Chairman Director Acting Chief Executive Officer

The above consolidated financial statements have been extracted from the consolidated financial statements audited by KPMG Fakhro, who have expressed an unqualified opinion. The audited consolidated financial statements are available on Arig’s website www.arig.net

Arab Insurance Group (B.S.C.) - a reinsurance firm regulated by the Central Bank of Bahrain 05 FRIDAY, FEBRUARY 14, 2020

Aluminium Bahrain B.S.C. Consolidated Financial Statements For the Year ended 31 December 2019 albasmelter.com

CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONSOLIDATED STATEMENT OF CASH FLOWS At 31 December 2019 For the year ended 31 December 2019 2019 2018 2019 2018 BD ‘000 BD ‘000 BD '000 BD '000 ASSETS Non-current assets CASH FLOWS FROM OPERATING ACTIVITIES Property, plant and equipment 1,962,150 1,706,053 Derivative financial instruments - 1,725 Profit for the year before tax 5,581 60,283 Deferred tax asset 162 34 1,962,312 1,707,812 Adjustments for: Current assets Inventories 221,155 266,229 Depreciation and amortisation 80,345 64,825 Trade and other receivables 155,455 130,522 Derivative financial instruments - 471 Provision for employees’ end of service benefits 1,581 1,556 Bank balances and cash 81,329 103,857 457,939 501,079 Provision for slow moving inventories 92 52 TOTAL ASSETS 2,420,251 2,208,891 (Reversal)/provision for impairment of receivables - net (253) 4,081 EQUITY AND LIABILITIES Equity Changes in fair value of derivative financial instruments 5,426 (2,699) Share capital 142,000 142,000 Loss on disposal of property, plant and equipment 4,269 1,043 Treasury shares (3,994) (4,800) Interest income (791) (537) Statutory reserve 71,000 71,000 Forex gain on revaluation of loans and borrowings (5,822) (15,803) Capital reserve 249 249 Retained earnings 869,316 865,021 Finance costs 22,458 1,146 Total equity 1,078,571 1,073,470 Operating profit before working capital changes 112,886 113,947 Non-current liabilities Working capital changes: Loans and borrowings 850,537 785,877 Inventories 44,982 (67,704) Lease liabilities 5,160 - Employees’ end of service benefits 1,627 1,677 Trade and other receivables (24,680) 29,306 Other payables 24,466 47,000 Trade and other payables 58,134 112,478 Derivative financial instruments 2,998 - Cash generated from operations 191,322 188,027 884,788 834,554 Current liabilities Employees’ end of service benefits paid (1,631) (1,443) Loans and borrowings 151,944 74,504 Income tax paid (33) (528) Lease liabilities 961 - Trade and other payables 302,853 225,505 Net cash flows generated from operating activities 189,658 186,056 Derivative financial instruments 1,134 858 CASH FLOWS FROM INVESTING ACTIVITIES 456,892 300,867 Total liabilities 1,341,680 1,135,421 Acquisition of property, plant and equipment (299,430) (525,845) TOTAL EQUITY AND LIABILITIES 2,420,251 2,208,891 Proceeds from disposal of property, plant and equipment 72 125

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Interest received 791 537 For the year ended 31 December 2019 2019 2018 Net cash flows used in investing activities (298,567) (525,183) BD’000 BD’000 Revenue from contracts with customers 1,029,378 911,317 CASH FLOWS FROM FINANCING ACTIVITIES Cost of sales (939,158) (826,324) Borrowings availed 1,460,256 522,212 GROSS PROFIT 90,220 84,993 Other (expense)/income - net (568) 12,831 Borrowings repaid (1,319,644) (91,032) Gain on foreign exchange 4,520 11,665 General and administrative expenses (34,824) (26,927) Interest on loans, borrowings and leases (53,122) (26,976)

Selling and distribution expenses (25,926) (19,541) Leases liabilities paid (831) - Impairment reversal/(loss) on trade and other receivables 253 (4,081) Finance costs (22,458) (1,146) Dividends paid - (36,720) Directors' fees (210) (210) Purchase of treasury shares (2,530) (5,769) Changes in fair value of derivative financial instruments (5,426) 2,699 PROFIT FOR THE YEAR BEFORE TAX 5,581 60,283 Proceeds from resale of treasury shares 2,252 3,810 Tax expense (202) (528) Net cash flows generated from financing activities 86,381 365,525 PROFIT FOR THE YEAR AFTER TAX 5,379 59,755 NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (22,528) 26,398 Other comprehensive income for the year - - PROFIT AND TOTAL COMPREHENSIVE INCOME FOR THE YEAR 5,379 59,755 Bank balances and cash at 1 January 103,857 77,459 Basic and diluted earnings per share (fils) 4 42 CASH AND CASH EQUIVALENTS AT 31 DECEMBER 81,329 103,857

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the year ended 31 December 2019 Share Treasury Statutory Capital Retained Total capital shares reserve reserve earnings equity BD ‘000 BD ‘000 BD ‘000 BD ‘000 BD ‘000 BD ‘000

Balance at 31 December 2017 142,000 (2,690) 71,000 249 841,835 1,052,394

Total comprehensive income for the year - - - - 59,755 59,755

Net movement in treasury shares - (2,110) - - 151 (1,959)

Final dividend for 2017 paid - - - - (36,720) (36,720)

Balance at 31 December 2018 142,000 (4,800) 71,000 249 865,021 1,073,470

Total comprehensive income for the year - - - - 5,379 5,379

Net movement in treasury shares - 806 - - (1,084) (278)

Balance at 31 December 2019 142,000 (3,994) 71,000 249 869,316 1,078,571

These consolidated Financial Statements were audited by KPMG Fakhro and authorized to be issued in accordance with a resolution of the Board of Directors of the Company on 13 February 2020 and signed on their behalf by: Daij Bin Salman Bin Daij Al Khalifa Yousif Taqi Ali Al Baqali Chairman Director Chief Executive Officer 06 FRIDAY, FEBRUARY 14, 2020 business Alba reports fourth quarter, FY 2019 profit

ers, Alba reported BD293.67 m Sales’ volume reached (US$781.05 m) in Q4 2019, versus • BD211.52 m (US$ 562.56 m) in Q4 1,350,326 metric tonnes 2018, up by 39pc YoY. (MT) up by 33pc YoY Earnings per share was fils 10 compared to a loss per share of Production fils 13 in Q4 2018. topped• 1,365,005 MT For full-year 2019, Alba gen- erated a Profit and Total Com- up by 35pc YoY prehensive Income of BD5.38 m (US$14.31 m), down by 91pc YoY, Approved the versus BD59.76 m (US$158.92 m) appointment• of Ali in 2018. Al Baqali as Chief Gross profit was BD90.22 m (US$239.95 m) compared to BD Executive Officer 84.99 m (US$226.04 m) up by 6pc YoY. TDT | Manama Despite a weak market sentiment, we have Revenue from Contracts and Ali Al Baqali, Chief Executive Officer made 2019 an exceptional year by focusing Customers reached BD1,029.38 luminium Bahrain (Alba) on what we control best at all times: Safety, m (US$2,737.7 m) in 2019, up by landscape in and China, yesterday reported a Production and Cost. It is an honour and 13pc YoY, compared to BD911.3 m trade-tensions and slow global Afourth quarter and full- privilege to serve Alba as the Chief Executive (US$2,423.7 m) in 2018. manufacturing. year 2019 profit, which the com- Officer and I look forward to work together Earnings per share were fils World consumption reached pany said was driven by higher with Alba’s Board of Directors as we go beyond 4 for 2019.. 64.5 m metric tonnes (MT) [2018: metal sales’ volume thanks to As at 31 December 2019, Alba’s 65 m MT] with Asia consumption Line 6 ramp-up and was par- Line 6 total assets stood at BD2,420.25 down by 1pc YoY with Japan and tially offset by lower LME prices SHAIKH DAIJ BIN SALMAN BIN DAIJ AL KHALIFA m (US$6,436.84 m), versus South Korea leading this decline, (down by 15 per cent YoY). CHAIRMAN OF ALBA’S BOARD OF DIRECTORS BD2,208.89 m (US$5,874.71 m) Europe demand slowed-down Alba’s board also proposed to as at 31 December 2018, up by by 2pc YoY due to weaker de- pay a final dividend of BD0.001 ter profit and total comprehen- 10pc YoY. mand in the auto sector, North per share (excluding the treas- sive income was BD13.82 mil- the same quarter of 2018, an in- sus a Gross loss of BD8.37 m America demand collapsed by ury shares) totalling BD 1,412 lion (US$36.76 m) for the fourth crease of 179pc Year-over-Year (US$22.26 m) for the same quar- Global demand wanes 4pc YoY due to a decline in man- thousand (US$3,755 thousand) quarter of 2019 against a loss (YoY). ter of 2018. Global primary aluminium de- ufacturing; besides, MENA con- to 2019. and total comprehensive loss Quarterly gross profit was With regards to the revenue mand contracted in 2019 thanks sumption shrunk by 5pc YoY The company’s fourth-quar- of BD17.54 m (US$46.65 m) for BD44.77 m (US$119.08 m) ver- from contracts and custom - to weaker economic growth fuelled by geopolitical tension.

BCCI marks ‘Batelco talks’ hosts founder of National Unreal Bahrain Buhazza Action Aluminium Bahrain B.S.C. (Alba) and staff. Recommendation of Charter During the session, Buhaza shared his insights on the Declaration of Dividends anniversary growing importance of the gaming sector and elaborated on how businesses can lev- erage on gaming innovations to be at the forefront of this The Board of Directors of Aluminium Bahrain B.S.C. (Alba) resolved, at its meeting shift with the launch of related innovative services and prod- held on Thursday 13 February 2020, to recommend the distribution of dividend for ucts. Buhazza also explained the year ending 31 December 2019 to the shareholders whose names are registered the challenges and opportuni- on the Company’s register on the Record Date. This is subject to the approval of the Buhaza shared his insights on the ties underpinning the gaming Company’s shareholders on the upcoming Annual General Meeting. The proposed growing importance of the gaming sector today, particularly in distribution is as follow: sector Bahrain. Buhazza outlined the grow- TDT | Manama - Cash Dividend: 1% of share nominal value, equivalent to BD0.001/$0.0027 per share ing interest in the gaming Sameer Nass industry across the region, amounting to BD1,412,200/$3,755,851 (The proposed annual cash dividend includes atelco announced holding which is in line with the rap- 0% declared and paid to the shareholders as interim dividend). TDT | Manama Bits latest ‘Batelco Talks’ id shift towards digitalization session highlighting the King- and all the advancements in Below are the key dates to be taken note of: he Bahrain Chamber dom’s Gaming Ecosystem with telecom, smart devices and Tof Commerce and In- Yousef Buhazza, Vice Chair- systems. dustry (BCCI) voiced pride man of Bahrain Internet So- ‘Batelco Talks’ are delivered Event Date in the achievements made ciety and Founder of Unreal by industry leaders to keep in the prosperous era of his Bahrain. The session held at employees up to date with the General Meeting Date 08 March 2020 majesty on the occasion of Batelco Headquarters Hamala latest technologies and trend- (Shareholders’ approval date) the 19th anniversary of the and attended by management ing topics. National Action Charter. Cum-Dividend Date 09 March 2020 BCCI Chairman Sameer (Last day of trading with entitlement to dividends) Nass extended deepest congratulations to the wise Ex-Dividend Date leadership headed by His Bahrain joins UN Convention 10 March 2020 (First day of trading without entitlement to dividends) Majesty King Hamad bin Isa Al Khalifa, His Royal on Electronic Communications Record Date Highness Prime Minister TDT | Manama ister and the ministers, each (The Day on which all shareholders whose names are on the share register 11 March 2020 Prince Khalifa bin Salman within their jurisdiction, will will be entitled to dividends) Al Khalifa, and His Royal ahrain will join the United implement the provisions of Highness Prince Salman bin Nations Convention on the this law that will become ef- Payment Date B 25 March 2020 Hamad Al Khalifa, Crown Use of Electronic Communi- fective from the day following (The Day on which the dividends will be paid to the entitled shareholders) Prince, Deputy Supreme cations in International Con- its publication in the Official Commander and First Dep- tracts adopted in New York on Gazette. uty Prime Minister, and the 23 November 2005. The Electronic Communi- business community and The move follows His cations Convention aims at loyal people of Bahrain on Majesty King Hamad bin facilitating the use of electron- Daij bin Salman bin Daij Al Khalifa the glorious occasion. Isa Al-Khalifa signing a Law ic communications in interna- Chairman Nass also reinstated the 1/2020 validating an Interna- tional trade by assuring that commitment of the private tional contract which was ap- contracts concluded and other 13 February 2020 sector to the principles of proved by the Shura Council communications exchanged the National Action Charter and the Council of represent- electronically are as valid and and the reform project of atives. enforceable as their traditional His Majesty. As per the deal, Prime Min- paper-based equivalents. 07 FRIDAY, FEBRUARY 14, 2020

FINANCIAL RESULTS 31 March31 2017December (Reviewed) 2019

www.kfh.bh www.kfh.bh

Consolidated Statement Consolidated Consolidated of Financial Position Statement of Income Statement of Cash Flows At 31 December 2019 For the year ended 31 December 2019 For the year ended 31 December 2019 2019 2018 2019 2018 2019 2018 BD 000 BD 000 BD 000 BD 000 BD 000 BD 000 ASSETS OPERATING ACTIVITIES Cash and balances with banks and Central Income from financing contracts 63,429 52,321 Bank of Bahrain 99,535 49,651 Net income for the year 25,010 18,417 Income from investments 1,720 6,432 Due from banks 115,216 74,694 Adjustments for: Income from sukuk 20,200 11,349 Financing contracts 913,907 886,779 Share of loss (income) from associates 164 (170) Share of income from associates (164) 170 Investments 6,156 6,304 Net unrealised (gain) on investments (198) (174) OPERATING INCOME 85,185 70,272 Investment in sukuk 270,277 222,471 Dividend income - (39) Investment in associates 8,461 12,885 Foreign exchange gain (839) (811) Receivables and other assets 247,328 246,878 Return on equity of investment account holders (wakala) (11,229) (4,012) Depreciation 1,292 1,184 Premises and equipments 9,553 5,140 Provisions - net (631) 459 TOTAL ASSETS 1,670,433 1,504,802 Operating income before changes Return on equity of investment account holders (mudaraba) in operating assets and liabilities 24,798 18,866 before Group’s share as mudarib (9,680) (10,233) LIABILITIES, EQUITY OF INVESTMENT Group’s share as mudarib 7,727 7,666 ACCOUNT HOLDERS AND Changes in operating assets and liabilities: OWNERS’ EQUITY Mandatory reserve with Central Bank of Bahrain (605) (995) LIABILITIES Return on equity of investment account holders (mudaraba) after Group’s share as mudarib (1,953) (2,567) Due from banks 4,041 19,584 Customers’ current accounts 128,258 127,748 Financing contracts (38,796) (149,003) Due to banks 165,471 225,467 Receivables and other assets (1,613) 1,241 Due to non-banks 402,375 372,473 Profit on due to banks, due to non-banks and subordinated wakala payable (23,208) (18,551) Customers’ current accounts 510 (7,350) Other liabilities 14,284 15,399 Due to banks (59,844) 63,316

Subordinated wakala payable 95,859 96,011 Due to non-banks 29,902 137,540 NET OPERATING INCOME 48,795 45,142 807,514 835,831 Other liabilities 1,619 (9,710) EQUITY OF INVESTMENT ACCOUNT Net cash flows (used in) from operating HOLDERS 669,260 486,708 Staff costs 13,235 15,337 activities (39,988) 73,489 Depreciation 1,292 1,184 INVESTING ACTIVITIES OWNERS’ EQUITY Provisions - net (631) 459 Disposal of investments - net - 1,433 Equity attributable to shareholders Other expenses 9,889 9,745 of the Parent Purchase of sukuk - net (226,066) (56,906) Share capital 132,519 132,519 Sale proceeds from disposal of sukuk 178,384 - TOTAL OPERATING EXPENSES 23,785 26,725 Statutory reserve 24,115 21,613 Dividend income - 39 Fair value through equity reserve 324 170 NET INCOME FOR THE YEAR 25,010 18,417 (Purchase) disposal of premises and equipment - net (890) 3,114 Proposed dividend 22,517 16,608 Retained earnings 3,587 3,587 Attributable to: Net cash flows used in investing activities (48,572) (52,320) 183,062 174,497 Shareholders of the Parent 25,019 18,453 Non-controlling shareholders 10,597 7,766 Non-controlling shareholders (9) (36) FINANCING ACTIVITY 193,659 182,263 25,010 18,417 Net movement in equity of investment account holders 182,552 9,032

TOTAL LIABILITIES, EQUITY OF INVESTMENT ACCOUNT HOLDERS AND Net cash flows from financing activity 182,552 9,032 OWNERS’ EQUITY 1,670,433 1,504,802 NET INCREASE IN CASH AND CASH OFF-BALANCE SHEET EQUIVALENTS 93,992 30,201 EQUITY OF INVESTMENT ACCOUNT HOLDERS 135,145 135,110 Cash and cash equivalents at 1 January 88,701 58,500 CONTINGENT LIABILITIES AND CASH AND CASH EQUIVALENTS AT 31 COMMITMENTS 108,796 73,191 DECEMBER 182,693 88,701

Consolidated Statement of Changes in Owners’ Equity

For the year ended 31 December 2019

Equity attributable to shareholders of the Parent

Fair value Share Statutory through equity Retained Proposed Non -controlling Total owners’ capital reserve reserve earnings dividend Total shareholders equity BD 000 BD 000 BD 000 BD 000 BD 000 BD 000 BD 000 BD 000 Balance at 1 January 2019 132,519 21,613 170 3,587 16,608 174,497 7,766 182,263 Net income for the year - - - 25,019 - 25,019 (9) 25,010 Other comprehensive income for the year - - 154 - - 154 - 154 Total comprehensive income for the year - - 154 25,019 - 25,173 (9) 25,164 Dividend payout - - - - (16,608) (16,608) - (16,608) Transfer to statutory reserve - 2,502 - (2,502) - - - Proposed dividend - - - (22,517) 22,517 - - - Net movement in share of non-controlling shareholders ------2,840 2,840 Balance at 31 December 2019 132,519 24,115 324 3,587 22,517 183,062 10,597 193,659

Balance at 1 January 2018 132,519 19,768 - 3,321 18,095 173,703 7,804 181,507 Net income for the year - - - 18,453 - 18,453 (36) 18,417 Other comprehensive income for the year - - 436 - - 436 - 436 Total comprehensive income for the year - - 436 18,453 - 18,889 (36) 18,853 Dividend payout - - - - (18,095) (18,095) - (18,095) Net transfer from fair value through equity reserve - - (266) 266 - - - - Transfer to statutory reserve - 1,845 - (1,845) - - - - Proposed dividend - - - (16,608) 16,608 - - - Net movement in share of non-controlling shareholders ------(2) (2) Balance at 31 December 2018 132,519 21,613 170 3,587 16,608 174,497 7,766 182,263

These statements have been extracted from the consolidated financial statements for the year ended 31 December 2019, audited by EY who have expressed an unqualified opinion on 2 February 2020. These consolidated financial statements were approved by the Board of Directors on 2 February 2020. Kuwait Finance House (Bahrain) B.S.C. (c) is licensed by CBB as an Islamic retail bank.

Hamad Abdulmohsen AlMarzouq Abdulhakeem Yaqoub Alkhayyat Chairman of the Board of Directors Managing Director and Chief Executive Officer

Retail Banking • Corporate Finance • Private Banking • Investment • Wealth Management

Licensed as an Islamic Retail Bank by the Central Bank of Bahrain JUST AS A CANDLE CANNOT BURN TODAY IN QUOTE WITHOUT FIRE, MEN CANNOT LIVE 1014 1076 1876 1971 HISTORY OF THE WITHOUT A SPIRITUAL LIFE. Pope Benedict VIII Pope Gregory VII excom- Alexander G. Bell & Elisha Gray DAY crowns Henry II Holy municates Holy Roman apply separately for telephone Richard Nixon installs secret BUDDHA Roman Emperor Emperor Henry IV (for the patents Supreme Court eventu- taping system in the White FRIDAY FEBRUARY 14, 2020 1st time) ally rules Bell rightful inventor House TEA TIME Meet Tania Lodi, creator of the 7th most instagrammable cafe in the world

About Her | Dubai The UAE-based businesswoman thought Since opening in April 2018, the ne of the world’s most instagrammable cafe and tea house located on of the concept as a remedy to stress cafés is closer to home than you may think. Jumeirah Beach Road nearby the ODubai-based, female-centric, female-owned Burj Al Arab has become the go- (but not excluding male clientele), and a space that to space for girly get-togethers, also takes care of your well-being via a number of creative workshops and yoga classes – could there solo study sessions and even be a more perfect place to wind down? group talks about health and Hoping to create a stylish and social space for wellness for residents seeking a socializing and sipping every type of tea for every space with style and substance type of mood, Tania Lodi opened Tania’s Tea House. It’s inviting and inspirational décor makes for the perfect place to entertain, learn, shop and more, or simply just take some fabulous pictures for the gram! From quirky puns, empowering quotes and picture-worthy plates of food, Tania Lodi tapped environmental stress. into just what the social media generation want Tania has been conceptualising her business from a hangout spot. since her university days in Toronto, where she Tania’s Teahouse is the seventh most instagram- was constantly on the lookout for new cafes to both mable cafe in the world and fourth most insta - study in and socialize at. She studied psychology grammable cafe in Asia. Travel site Big 7 recently in the University of Toronto (UFT). “It is a tough published a ranking of the “most instagrammable college to study in. While it is fairly easy to get cafe’s around the world” and put Tania’s Teahouse into, it can be difficult to continue in the college as in the seventh slot. the curriculum is hard. In fact the exit rate of the The fact that she just set it up over a year ago university is pretty high.” speaks volumes of her dedication and passion for Tania said she was constantly on the look-out for Ground floor of Tania’s Teahouse the business. places to hang out and have tea. She admitted to The cafe opened in March 2018 and since then being very stressed out in university. With all that more than 50,000 cups of tea have been served to tension, Tania found herself falling ill. She devel- guests. The cafe has seen over three million sales oped an auto-immune disorder that caused a lot since opening. In her own words, Tania said, her of pain in her wrists. “And so I wanted to escape it business venture has already seen a break-even and all. And my solace came in cafes and drinking tea.” Social media has definitely is said to be a profitable venture. Needless to say, “I did not want to resort to medication. Instead I since its launch, the cafe has been doing rather well. would do a bucket list of cafes each day to visit. The been the catalyst to boost For the uninitiated - Tania’s Teahouse is Dubai’s idea was to feel good about myself by just being with our reputation. I mean, being newest hotspot for everything tea-related. other people. My family has taught me to be cou- Located on Jumeirah Beach Road, the two-storey rageous and pick myself up to do things that make featured as the 7th most cafe serves a wide range of specialty flavoured teas, us feel happy. Some people find joy in going for a Instagrammable cafe in the coffees and dishes including all-day breakfasts, yoga class, Netflixing. For me it was about visiting a tea sandwiches, super bowls, pastas, sliders, and cafe and drinking tea with friends,” she explained. world in only about a year of decadent desserts. Everything on the menu con- During this time, Tania was contemplating what being open has been unreal! siders allergies and dietary restrictions, with many to do after college. “I knew that I wanted to do offerings coming with gluten-free, dairy-free, and something creative and tea made me happy. So I TANIA LODI vegan-friendly options. thought, why not [start] a tea cafe after college?” Tania has custom-blended each tea herself, and “In Toronto I took classes in tea. I met many tea they all come in regular, latte or iced form. Full of connoisseurs and must have tried 500 cups of dif- pleasing. All of our food is pretty to look at, but also health benefits, Tania’s Teahouse has an extensive ferent tea before venturing on my own. Trust me, delicious to eat,” said Tania. tea menu. at the end of it I was dizzy.” Tania does not belong to a family of entrepre- Examples of what you can expect are: ‘BEAU-TEA- Most people think tea is just green, or black or neurs. And so organising funds for the start-up FUL SOUL’, a mix of chamomile, lavender, rooibos with milk and sugar. “It is not. There are varieties required some effort. and peppermint that aids respiratory conditions, of tea, many of which come with health benefits.” Her vision became a reality when her parents Tania Lodi, Founder of Tania’s Tea House dental health and digestive issues. The ‘CHEERFUL “Our reputation really speaks for itself in terms offered to help with the initial capital. “I am grate- Now, her vision has become a reality. CHERRY’ with Ashwaganda root, cranberry, cher- of customer satisfaction. We have trained our staff ful for their help. After all, my parents are not part Tania is a tea enthusiast of course. But with her ries and elderflowers is said to work as a natural to be extremely attentive and receptive to customer of a business family. Both work for a living. My experience in food allergies and auto-immune, ho- de-stresser and mood enhancer. A ‘DETOX, TEA- needs. We have tried so hard to invoke this feeling dad is in the business of finance and my mother listic diets, she has put together a menu that caters TOX’ is for one’s immunity with antioxidant–rich of relaxation and comfort where they can come is a psychologist. And so it was a huge thing when to an array of needs, whether guests are looking ingredients such as lemongrass and jiaogulan, a and literally loose themselves. Obviously we have they offered to part with their money and put it in for a healthy breakfast or after-school treats for Bou-tea-que on the upper floor of Tania’s Tea House Tania Lodi in front of Tania’s Tea House special plant that aides in increasing resistance to put a lot of work to make our cafe look aesthetically my business.” their children.

AFTERMATH Arab artists pay homage to Notre Dame in Paris exhibition Arab News | Paris champion of Arab artists Claude Lemand Artists’ Tribute to Notre Dame” form of an abstract at the shape of the Madonna and Child cathedral. Inspired by his own heritage, to set up a tribute to Notre Dame from showcased four new artworks painting by the statue that stands inside Notre Dame. Al-Maari depicts Hugo as a ‘hakawati’ — a illions around the world were Arab artists. Deeply saddened by the created by contemporary French-Mo- Montpellier-based Mohamed Lekleti’s storyteller in Damascus’ old cafés. It is a in a state of shock when Paris’ damage caused by the fire, Lemand start- artists from the Arab di- roccan mixed-media canvas is a conceptual work scene of both anguish and hope; of men Mbeloved Notre Dame Cathedral ed contacting artist friends, to see if they aspora in response to the painter potraying “the duality of the world,” di- crying in disbelief and the Virgin Mary be- Notre Dame is a historical was engulfed in flames last April. Having would be willing to contribute commem- fire and its aftermath. Najia vided into two halves: good and evil. Le- ing consoled with the offering of a flower. building that doesn’t belong survived the turmoil of the French Rev- orative works of art. The renowned Iraqi Mehad- kleti’s work reminds the viewer of life’s According to Lemand, a second just to French and European olution and two World Wars, the revered “When I was watching this tragedy un- artist Dia Al-Azzawi is ji. Com- inevitability, and to accept that events are part of the exhibition will material - 850-year-old Gothic-style monument fold on television, it reminded me of the one of them. His sym- pleted in sometimes beyond human control, but ize in 2020, exhibiting a new roster of civilization, but to all of suffered the collapse of its spiral and beginning of the civil war in Lebanon,” bolic acrylic-on-3D- a single that taking action — no matter how slow artists. humanity. The Arab artist — wooden roof and damage to its high altar. Lemand said. “Notre Dame is a histor- wood panel portrays a broad or small — to heal wounds is important, “The goal of this exhibition is neither like his European counterpart One commentator wrote: “The very heart ical building that doesn’t belong just to profile of the cathedral brush- as emphasized by the artist’s depiction of political nor financial,” he explained. “We — has the right to convey of France and the soul of Europe have French and European civilization, but guarded by a carved-out stroke, the a hand sewing a thread. just wanted to give an opportunity for his feelings and admiration been suddenly and viciously ripped out.” to all of humanity. The Arab artist — like cross — standing out in the painting’s Syrian figurative artist Boutros Al- Arab artists to present a brighter image towards this monument The day after the blaze broke out, Jack his European counterpart — has the right midst of a red mass that not dominating Maari contributes a circular canvas il- of the region — far from the violence, the Lang — president of Paris’ Insitut du to convey his feelings and admiration only represents the fire, but blue (a color as- lustrating fictional characters from Victor killing, and religious strife that have in CLAUDE LEMAND Monde Arabe (IMA) — joined forces with towards this monument.” also rebirth. sociated with the Hugo’s iconic novel “The Hunchback of recent years given the world a miserable A painting displayed at the exhibition the French-Lebanese art collector and Running through December 20, “Arab Another contribution comes in the A painting by Virgin Mary) swirl hints Notre Dame” surrounding the burning image of the Arab world.” A painting by Azzawi Boutros Al-Maari

Hon. Chairman Najeb Yacob Alhamer | Editor-in-Chief Mahmood AI Mahmood | Chairman & Managing Director P Unnikrishnan | Advertisement: Update Media W.L.L | Tel: 38444692, Email: [email protected] | Newsroom: Tel: 38444680, Email: [email protected] Subscription & circulation: Tel: 36458394 | Email:[email protected] | Website: www.newsofbahrain.com | Printed and published by Al Ayam Publishing JUST AS A CANDLE CANNOT BURN TODAY IN QUOTE WITHOUT FIRE, MEN CANNOT LIVE 1014 1076 1876 1971 HISTORY OF THE WITHOUT A SPIRITUAL LIFE. Pope Benedict VIII Pope Gregory VII excom- Alexander G. Bell & Elisha Gray DAY crowns Henry II Holy municates Holy Roman apply separately for telephone Richard Nixon installs secret BUDDHA Roman Emperor Emperor Henry IV (for the patents Supreme Court eventu- taping system in the White FRIDAY FEBRUARY 14, 2020 1st time) ally rules Bell rightful inventor House TEA TIME Meet Tania Lodi, creator of the 7th most instagrammable cafe in the world

About Her | Dubai The UAE-based businesswoman thought Since opening in April 2018, the ne of the world’s most instagrammable cafe and tea house located on of the concept as a remedy to stress cafés is closer to home than you may think. Jumeirah Beach Road nearby the ODubai-based, female-centric, female-owned Burj Al Arab has become the go- (but not excluding male clientele), and a space that to space for girly get-togethers, also takes care of your well-being via a number of creative workshops and yoga classes – could there solo study sessions and even be a more perfect place to wind down? group talks about health and Hoping to create a stylish and social space for wellness for residents seeking a socializing and sipping every type of tea for every space with style and substance type of mood, Tania Lodi opened Tania’s Tea House. It’s inviting and inspirational décor makes for the perfect place to entertain, learn, shop and more, or simply just take some fabulous pictures for the gram! From quirky puns, empowering quotes and picture-worthy plates of food, Tania Lodi tapped environmental stress. into just what the social media generation want Tania has been conceptualising her business from a hangout spot. since her university days in Toronto, where she Tania’s Teahouse is the seventh most instagram- was constantly on the lookout for new cafes to both mable cafe in the world and fourth most insta - study in and socialize at. She studied psychology grammable cafe in Asia. Travel site Big 7 recently in the University of Toronto (UFT). “It is a tough published a ranking of the “most instagrammable college to study in. While it is fairly easy to get cafe’s around the world” and put Tania’s Teahouse into, it can be difficult to continue in the college as in the seventh slot. the curriculum is hard. In fact the exit rate of the The fact that she just set it up over a year ago university is pretty high.” speaks volumes of her dedication and passion for Tania said she was constantly on the look-out for Ground floor of Tania’s Teahouse the business. places to hang out and have tea. She admitted to The cafe opened in March 2018 and since then being very stressed out in university. With all that more than 50,000 cups of tea have been served to tension, Tania found herself falling ill. She devel- guests. The cafe has seen over three million sales oped an auto-immune disorder that caused a lot since opening. In her own words, Tania said, her of pain in her wrists. “And so I wanted to escape it business venture has already seen a break-even and all. And my solace came in cafes and drinking tea.” Social media has definitely is said to be a profitable venture. Needless to say, “I did not want to resort to medication. Instead I since its launch, the cafe has been doing rather well. would do a bucket list of cafes each day to visit. The been the catalyst to boost For the uninitiated - Tania’s Teahouse is Dubai’s idea was to feel good about myself by just being with our reputation. I mean, being newest hotspot for everything tea-related. other people. My family has taught me to be cou- Located on Jumeirah Beach Road, the two-storey rageous and pick myself up to do things that make featured as the 7th most cafe serves a wide range of specialty flavoured teas, us feel happy. Some people find joy in going for a Instagrammable cafe in the coffees and dishes including all-day breakfasts, yoga class, Netflixing. For me it was about visiting a tea sandwiches, super bowls, pastas, sliders, and cafe and drinking tea with friends,” she explained. world in only about a year of decadent desserts. Everything on the menu con- During this time, Tania was contemplating what being open has been unreal! siders allergies and dietary restrictions, with many to do after college. “I knew that I wanted to do offerings coming with gluten-free, dairy-free, and something creative and tea made me happy. So I TANIA LODI vegan-friendly options. thought, why not [start] a tea cafe after college?” Tania has custom-blended each tea herself, and “In Toronto I took classes in tea. I met many tea they all come in regular, latte or iced form. Full of connoisseurs and must have tried 500 cups of dif- pleasing. All of our food is pretty to look at, but also health benefits, Tania’s Teahouse has an extensive ferent tea before venturing on my own. Trust me, delicious to eat,” said Tania. tea menu. at the end of it I was dizzy.” Tania does not belong to a family of entrepre- Examples of what you can expect are: ‘BEAU-TEA- Most people think tea is just green, or black or neurs. And so organising funds for the start-up FUL SOUL’, a mix of chamomile, lavender, rooibos with milk and sugar. “It is not. There are varieties required some effort. and peppermint that aids respiratory conditions, of tea, many of which come with health benefits.” Her vision became a reality when her parents Tania Lodi, Founder of Tania’s Tea House dental health and digestive issues. The ‘CHEERFUL “Our reputation really speaks for itself in terms offered to help with the initial capital. “I am grate- Now, her vision has become a reality. CHERRY’ with Ashwaganda root, cranberry, cher- of customer satisfaction. We have trained our staff ful for their help. After all, my parents are not part Tania is a tea enthusiast of course. But with her ries and elderflowers is said to work as a natural to be extremely attentive and receptive to customer of a business family. Both work for a living. My experience in food allergies and auto-immune, ho- de-stresser and mood enhancer. A ‘DETOX, TEA- needs. We have tried so hard to invoke this feeling dad is in the business of finance and my mother listic diets, she has put together a menu that caters TOX’ is for one’s immunity with antioxidant–rich of relaxation and comfort where they can come is a psychologist. And so it was a huge thing when to an array of needs, whether guests are looking ingredients such as lemongrass and jiaogulan, a and literally loose themselves. Obviously we have they offered to part with their money and put it in for a healthy breakfast or after-school treats for Bou-tea-que on the upper floor of Tania’s Tea House Tania Lodi in front of Tania’s Tea House special plant that aides in increasing resistance to put a lot of work to make our cafe look aesthetically my business.” their children.

AFTERMATH Arab artists pay homage to Notre Dame in Paris exhibition Arab News | Paris champion of Arab artists Claude Lemand Artists’ Tribute to Notre Dame” form of an abstract at the shape of the Madonna and Child cathedral. Inspired by his own heritage, to set up a tribute to Notre Dame from showcased four new artworks painting by the statue that stands inside Notre Dame. Al-Maari depicts Hugo as a ‘hakawati’ — a illions around the world were Arab artists. Deeply saddened by the created by contemporary French-Mo- Montpellier-based Mohamed Lekleti’s storyteller in Damascus’ old cafés. It is a in a state of shock when Paris’ damage caused by the fire, Lemand start- artists from the Arab di- roccan mixed-media canvas is a conceptual work scene of both anguish and hope; of men Mbeloved Notre Dame Cathedral ed contacting artist friends, to see if they aspora in response to the painter potraying “the duality of the world,” di- crying in disbelief and the Virgin Mary be- Notre Dame is a historical was engulfed in flames last April. Having would be willing to contribute commem- fire and its aftermath. Najia vided into two halves: good and evil. Le- ing consoled with the offering of a flower. building that doesn’t belong survived the turmoil of the French Rev- orative works of art. The renowned Iraqi Mehad- kleti’s work reminds the viewer of life’s According to Lemand, a second just to French and European olution and two World Wars, the revered “When I was watching this tragedy un- artist Dia Al-Azzawi is ji. Com- inevitability, and to accept that events are part of the exhibition will material - 850-year-old Gothic-style monument fold on television, it reminded me of the one of them. His sym- pleted in sometimes beyond human control, but ize in 2020, exhibiting a new roster of civilization, but to all of suffered the collapse of its spiral and beginning of the civil war in Lebanon,” bolic acrylic-on-3D- a single that taking action — no matter how slow artists. humanity. The Arab artist — wooden roof and damage to its high altar. Lemand said. “Notre Dame is a histor- wood panel portrays a broad or small — to heal wounds is important, “The goal of this exhibition is neither like his European counterpart One commentator wrote: “The very heart ical building that doesn’t belong just to profile of the cathedral brush- as emphasized by the artist’s depiction of political nor financial,” he explained. “We — has the right to convey of France and the soul of Europe have French and European civilization, but guarded by a carved-out stroke, the a hand sewing a thread. just wanted to give an opportunity for his feelings and admiration been suddenly and viciously ripped out.” to all of humanity. The Arab artist — like cross — standing out in the painting’s Syrian figurative artist Boutros Al- Arab artists to present a brighter image towards this monument The day after the blaze broke out, Jack his European counterpart — has the right midst of a red mass that not dominating Maari contributes a circular canvas il- of the region — far from the violence, the Lang — president of Paris’ Insitut du to convey his feelings and admiration only represents the fire, but blue (a color as- lustrating fictional characters from Victor killing, and religious strife that have in CLAUDE LEMAND Monde Arabe (IMA) — joined forces with towards this monument.” also rebirth. sociated with the Hugo’s iconic novel “The Hunchback of recent years given the world a miserable A painting displayed at the exhibition the French-Lebanese art collector and Running through December 20, “Arab Another contribution comes in the A painting by Virgin Mary) swirl hints Notre Dame” surrounding the burning image of the Arab world.” A painting by Azzawi Boutros Al-Maari

Hon. Chairman Najeb Yacob Alhamer | Editor-in-Chief Mahmood AI Mahmood | Chairman & Managing Director P Unnikrishnan | Advertisement: Update Media W.L.L | Tel: 38444692, Email: [email protected] | Newsroom: Tel: 38444680, Email: [email protected] Subscription & circulation: Tel: 36458394 | Email:[email protected] | Website: www.newsofbahrain.com | Printed and published by Al Ayam Publishing 10 FRIDAY, FEBRUARY 14, 2020

CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019

CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONSOLIDATED INCOME STATEMENT (Expressed in thousands of United States Dollars unless otherwise stated) (Expressed in thousands of United States Dollars unless otherwise stated)

At 31 December At 31 December Year ended 2019 2018 31 December 31 December (Audited) (Restated) 2019 2018 (Audited) (Audited) ASSETS INCOME Cash and balances with banks and central banks 692,596 596,234 Income from unrestricted investment accounts 218,968 180,236 Commodity and other placements with banks, Less: return to unrestricted investment accounts and financial and other institutions 393,606 285,627 impairment provisions (144,189) (108,645) Murabaha and other financings 2,817,144 3,264,865 Group’s share of income from unrestricted investment accounts as a Mudarib 74,779 71,591 Musharaka financing 635,151 495,626 Income from murabaha and other financings 184,246 161,098 Investment in mudaraba - 5,760 Share of profit after tax from associates 40,415 42,772 Sukuk and investment securities 1,535,788 1,756,695 Income from other investments 124,597 99,307 Investment in associates 633,292 601,969 Other income 101,427 63,782 Assets acquired for leasing 392,797 410,765 Total income 525,464 438,550 Insurance and related receivables 115,433 120,034 Less: profit paid to banks, financial and other institutions (229,267) (178,730) Other assets 168,994 211,319 Operating income 296,197 259,820 Investment in real estate 251,005 270,066 EXPENSES Development Properties 260,217 269,388 Administrative and general expenses (191,084) (183,018) Fixed assets 78,285 63,216 Depreciation and amortization (30,993) (33,387) Intangible assets 110,931 137,092 Total expenses (222,077) (216,405) Total assets 8,085,239 8,488,656 Net income before provision for impairment and overseas taxation 74,120 43,415 LIABILITIES, EQUITY OF UNRESTRICTED INVESTMENT ACCOUNTHOLDERS, Gain arising on acquisition of a business (net) - 50,912 MINORITY INTEREST AND OWNERS’ EQUITY Provision for impairment (net) (32,270) (55,338) Customers’ current accounts 1,515,182 1,476,108 Net income before overseas taxation 41,850 38,989 Overseas taxation (29,652) (28,932) Due to banks, financial and other institutions 1,282,867 1,541,346 NET PROFIT FOR THE YEAR 12,198 10,057 Due to investors 1,563,797 1,694,977 Attributable to: Other liabilities 384,432 566,122 Equity holders of Ithmaar 669 (23,981) Insurance related reserves 129,768 134,873 Minority interests 11,529 34,038 Total liabilities 4,876,046 5,413,426 12,198 10,057 Equity of unrestricted investment accountholders 2,802,344 2,622,311 Basic and diluted earnings per share US Cts 0.02 US Cts (0.82) Minority interest 311,303 336,563

Total liabilities, equity of unrestricted investment accountholders and minority interest 7,989,693 8,372,300 CONSOLIDATED STATEMENT OF CASH FLOWS (Expressed in thousands of United States Dollars unless otherwise stated) Share capital 757,690 757,690 Year ended Treasury shares (30,149) (30,149) Reserves 114,298 140,290 31 December 2019 31 December 2018 (Audited) (Audited) Accumulated losses (746,293) (751,475) Total owners’ equity 95,546 116,356 OPERATING ACTIVITIES Net income before overseas taxation 41,850 38,989 Total liabilities, equity of unrestricted investment accountholders, Adjustments for: minority interest and owners’ equity 8,085,239 8,488,656 Depreciation and amortization 30,993 33,387 Share of profit after tax from associates (40,415) (42,772) Gain arising on acquisition of a business (net) - (50,912) CONSOLIDATED STATEMENT OF CHANGES IN OWNERS’ EQUITY FOR THE YEAR ENDED Provision for impairment (net) 32,270 55,338 31 DECEMBER 2019 (Expressed in thousands of United States Dollars unless otherwise stated) Income from other investments (124,597) (99,307) Gain on sale of fixed assets 798 249 Reserves Investment Operating loss before changes in operating Investments in real estate Foreign assets and liabilities (59,101) (65,028) Share Treasury Share Statutory General fair value fair value currency Total Accumulated Total owners’ capital shares premium reserve reserve reserve reserve translation reserves losses equity (Increase)/decrease in balances with banks maturing after ninety days and including with central banks relating to minimum reserve requirement 5,632 16,092 At 1 January 2019 (Audited) 757,690 (30,149) 149,085 38,418 50,727 (6,924) 3,187 (94,203) 140,290 (751,475) 116,356 Changes in operating assets and liabilities: Net profit for the year ------669 669 Murabaha and other financings 300,667 (191,856) Transfer to statutory reserve - - - 67 - - - - 67 (67) - Musharaka financing (184,771) (235,097) Increase in shareholding of subsidiary ------4,580 4,580 Other assets (28,074) (25,687) Movement in fair value of sukuk and Customers’ current accounts 148,314 (56,523) investment securities - - - - - (1,008) - - (1,008) - (1,008) Due to banks, financial and other institutions (209,032) 536,526 Movement in fair value of investment in real estate ------1,163 - 1,163 - 1,163 Due to investors 48,851 216,160 Movement in fair value reserves Other liabilities (163,815) 46,516 of associates - - - - - (10,590) - - (10,590) - (10,590) (Decrease)/Increase in equity of unrestricted investment accountholders 217,761 (130,340) Foreign currency translation adjustments - - - - - 37 (172) (15,489) (15,624) - (15,624) Taxes paid (29,895) (20,110) At 31 December 2019 (Audited) 757,690 (30,149) 149,085 38,485 50,727 (18,485) 4,178 (109,692) 114,298 (746,293) 95,546 Net cash provided by operating activities 46,537 90,653 INVESTING ACTIVITIES Net (increase)/decrease: CONSOLIDATED STATEMENT OF CHANGES IN OWNERS’ EQUITY FOR THE YEAR ENDED Investment in mudaraba 5,760 - 31 DECEMBER 2018 (Expressed in thousands of United States Dollars unless otherwise stated) Assets acquired for leasing 17,968 (63,005) Sukuk and investment securities 175,419 (126,808) Reserves Investment Investment in associates 17,585 - Investments in real estate Foreign Share Treasury Share Statutory General fair value fair value currency Total Accumulated Total owners’ Investment in real estate - 4,492 capital shares premium reserve reserve reserve reserve translation reserves losses equity Dividend received from associates 45,632 44,080 At 1 January 2018 (Audited) 757,690 (30,149) 149,085 38,418 50,727 38,773 3,450 (46,692) 233,761 (605,972) 355,330 Purchase of fixed assets (29,131) (8,284) Impact of FAS 30 ------(121,522) (121,522) Net cash provided by/(used in) investing activities 233,233 (149,525) Revised balance at 1 January 2018 757,690 (30,149) 149,085 38,418 50,727 38,773 3,450 (46,692) 233,761 (727,494) 233,808 FINANCING ACTIVITIES Net loss for the year ------(23,981) (23,981) Minority interest (532) (796) Movement in fair value of sukuk and investment securities - - - - - (44,156) - - (44,156) - (44,156) Net cash used in financing activities (532) (796) Movement in fair value of investment Foreign currency translation adjustments (69,892) (91,399) in real estate ------596 - 596 - 596 Movement in fair value reserves Net increase/(decrease) in cash and cash equivalents 209,346 (151,067) - - - - - (1,812) - - (1,812) - (1,812) of associates Foreign currency translation adjustments - - - - - 271 (859) (47,511) (48,099) - (48,099) Cash and cash equivalents at the beginning of the year 641,151 792,218 At 31 December 2018 (Audited) 757,690 (30,149) 149,085 38,418 50,727 (6,924) 3,187 (94,203) 140,290 (751,475) 116,356 Cash and cash equivalents at the end of the year 850,497 641,151

The above Consolidated Statement of Financial Position, Consolidated Income Statement, Consolidated Statement of Changes in Owners’ Equity and Consolidated Statement of Cash Flows have been extracted from the Consolidated Financial Statements of Ithmaar Holding B.S.C. for the year ended 31 December 2019, which were approved for issue by the Board of Directors on 13 February 2020 and audited by PricewaterhouseCoopers ME Limited, Kingdom of Bahrain, who expressed an unqualified opinion.

HRH Prince Amr Mohamed Al Faisal Elham Hasan Ahmed Abdul Rahim Chairman Director CEO

Ithmaar Holding B.S.C., C.R.: 15210-20, P.O. Box 2820, Seef District, Kingdom of Bahrain. Tel: (+973) 17584000, Fax: (+973) 17584017, Website: www.ithmaarholding.com

Licensed as an Investment Firm Category 1 by the Central Bank of Bahrain 11 FRIDAY, FEBRUARY 14, 2020 world Dams overflow as Australia braces for more floods AFP | Sydney ing days, a WaterNSW spokes- clear. man said. Wild weather is set to ramp up ams near Sydney over - Sydney’s dams have seen again from Friday, with the Bu- Dflowed yesterday after water levels spike dramati - reau of Meteorology forecasting days of torrential rain, as Aus- cally -- the Nepean was just ex-Tropical Cyclone Uesi would tralia braced for more storms a third full less than a week bring “damaging to destructive expected to bring dangerous ago -- though many inland winds” and heavy rainfall to re- flash flooding to the country’s areas are facing severe water mote tourist destination Lord east. shortages missed out on the Howe Island. Recent downpours have flows. Senior meteorologist Grace brought relief to areas ravaged A devastating months-long Legge said storms were also ex- by bushfires and drought -- as bushfire crisis that killed 33 pected for Queensland and New well as chaos and destruction people has effectively been South Wales -- with areas still to towns and cities along the ended by the downpours, with recovering from bushfires likely eastern seaboard. just one blaze yet to be brought to be hit again. On Thursday, Nepean Dam under control in New South “Any showers and thunder- south of Sydney was at full ca- Wales. storms that do develop are fall- pacity and spilling over, with Hundreds of people have been ing on already saturated catch- video footage showing excess rescued from floodwaters in re- ments, so there is a risk with water cascading over the dam cent days. severe thunderstorms of flash wall and downstream. Police said a man’s body was flooding,” she said. Two other dams in New South discovered in a flooded river on Emergency services have Wales, Tallowa and Brogo, were Queensland’s Sunshine Coast on warned residents in affected ar- also overflowing and more dams Recent downpours have brought chaos and destruction to towns and cities along the eastern seaboard Thursday, though the cause of eas to be cautious in the danger- could reach capacity in the com- his death was not immediately ous conditions.

Weinstein attorney urges jurors to acquit ex-movie mogul

Harvey Weinstein arrives at the Manhattan Criminal Court

AFP | New York Haleyi alleges he forcibly per- formed oral sex on her in 2006. arvey Weinstein’s defence “From an overzealous media, Hteam urged jurors to acquit from an overzealous prosecution, the ex-Hollywood titan of rape you are being asked to make an and predatory sexual assault unpopular decision,” Rotunno told charges in closing arguments yes- the jury, asking them “to block terday -- even though a not guilty out the noise” surrounding the verdict would be unpopular. proceedings. Lead attorney Donna Rotunno “Never let your emotion cloud said prosecutors had created “an your intellect. Use your New York alternative universe” in which City common sense. It will guide the “Pulp Fiction” and “Shake- you to the right answer,” she add- speare In Love” producer preyed ed. on aspiring actresses, but had not The trial has raised complicated provided any evidence to convict. issues surrounding consent and “He was innocent when he abuse of power for the jury of sev- walked through the door. He was en men and five women. innocent when witnesses started Under cross-examination, both to take the stand. He is innocent Mann and Haleyi admitted to at as he sits here right now,” Rotunno least one consensual sexual en- told the New York state court. counter with Weinstein after the Weinstein, 67, faces life impris- alleged assaults. onment if convicted of predato- The defence has presented ry sexual assault charges in the emails that appear to show the high-profile trial that marks a wa- accusers on friendly terms with tershed moment in the #MeToo Weinstein. movement. “The truth leaves a paper trail,” Since testimony began on Janu- said Rotunno. ary 22, six women have taken the Weinstein faces five counts, in- stand in New York to say they were cluding predatory sexual assault, sexually assaulted by Weinstein, rape and engaging in a criminal allegations the fallen movie mogul sexual act. denies. The jury must reach a unani- Rotunno reminded the 12 jurors mous verdict. If it can’t then the that they are considering charges judge may be forced to declare a related to just two women -- ex-ac- mistrial. tress Jessica Mann and former Weinstein is also facing a sep- production assistant Mimi Haleyi. arate sex crimes investigation in Mann says the movie mogul Los Angeles and is the subject of raped her in March 2013 while several civil complaints. FRIDAY, FEBRUARY 14, 2020 12

US, Taliban have negotiated Trump says he does not mind if 7-day reduction in violence Reuters

S Defence Secretary Mark UEsper said yesterday that Philippines cuts military pact the United States and the Tal- iban had negotiated a proposal Reuters | Washington for a seven-day reduction in violence. S President Donald Trump Sources had told Reuters Usaid on Wednesday he did that a US-Taliban peace deal not mind Philippines President could be signed this month if Rodrigo Duterte’s decision KNOW WHAT the Taliban significantly re- to end a decades-old military duces violence, which could agreement with the United lead to an eventual withdrawal States, a position at odds with Trump has frequently of US troops from Afghanistan. that of his defense secretary expressed a desire to “The United States and the who viewed the move with dis- bring US military forces Taliban have negotiated a pro- may. home from decades-long posal for a seven-day reduc- Duterte on Tuesday an - deployments abroad tion in violence,” Esper told nounced termination of the reporters during a news con- two-decade-old Visiting Forces and has strong-armed ference in Brussels at NATO US Defense Secretary Mark Esper Agreement (VFA). US Defense some allies into paying headquarters. Secretary Mark Esper called more for the right to US “I’m here today consulting the decision “unfortunate” as defense with allies about this proposal, to sharply reduce violence as Washington and its allies press U.S. President Donald Trump and we’ve had a series of pro- part of any American troop China to abide by “international ductive bilateral and collective withdrawal accord. rules” in Asia. would like to do that, it will tionship with Duterte and add- Esper referred to the period meetings about the path for- There are about 13,000 US The US embassy in Manila save a lot of money,” Trump told ed: “we’ll see what happens.” before Duterte’s decision takes ward,” he added. troops as well as thousands called it “a serious step with sig- reporters at the White House Duterte’s decision could com- effect when speaking to report- The tentative timeline of other NATO personnel in nificant implications.” Duterte’s when asked about Duterte’s plicate US military interests in ers on Tuesday. shared with Reuters by sourc- Afghanistan, 18 years after a decision, sparked by the revoca- move and whether anything the broader Asia-Pacific re - “One hundred and eighty es came a day after Afghan US-led coalition invaded the tion of a US visa held by a former could be done to get him to re- gion as China’s ambitions rise. days. We’ve got to work through President Ashraf Ghani said country following the Sept. 11, police chief who led Duterte’s consider. “My views are differ- Some Filipino senators quickly it, and we’ll just take a deep there had been a possible 2001, al Qaeda attacks on the bloody war on drugs, takes legal ent from others,” he added. sought to block the move, ar- breath and take it one day at breakthrough in US-Taliban United States. effect in 180 days and US offi- Trump said the United States guing Duterte had no right to a time ... I don’t get too excit- talks in Qatar. “It will be a continual eval- cials have expressed hope it can had helped the Philippines de- unilaterally scrap international ed about these things. We’ve The talks had been dead - uative process as we go for- be reversed or delayed. feat Islamic State militants. He pacts the country’s senate had got a process we have to work locked in part over a US de- ward - if we go forward,” Esper “I don’t really mind if they said he had “a very good” rela- ratified. through.” mand that the insurgents agree added. UK Treasury chief quits as Johnson shakes up Cabinet AP | London Three Indian-origin MPs get berths K Treasury chief Sajid Javid Uunexpectedly resigned yes- terday after resisting a reduction in his power, as Prime Minister Boris Johnson sought to tighten his grip on the government with a Cabinet shake-up. Javid had been widely expect- ed to keep his job — the second most powerful in the govern- ment — as Johnson fired some Cabinet members and promot- ed more junior ministers to top jobs. He smiled as he entered the prime minister’s 10 Downing St. office yesterday morning to meet Johnson along with other ministers who were being pro- London moted or kept in place. But a spokesman confirmed soon after K Prime Minister Boris Johnson on Thursday made major that Javid had quit. Uchanges in his Cabinet, giving berths to three MPs of the Britain’s Press Association Britain’s Prime Minister Boris Johnson during the weekly Prime Minister’s Questions inside the House of Commons in Indian-origin. Boris Johnson appointed Rishi Sunak as UK’s new news agency reported that Javid London Chancellor of the Exchequer, replacing Sajid Javid who quit over had resigned after being told differences with the Prime Minister. Rishi Sunak, who is married to fire all his aides and replace England. curity and other areas in place by to Akshata, the daughter of Infosys co-founder N.R. Narayana them with staff appointed by the Paul Dales, chief U.K. econo- the time a post-Brexit transition Murthy, was Chief Secretary to the Treasury since July 2019. prime minister’s office. mist at Capital Economic, said period ends on Dec. 31. In the Cabinet reshuffle, Home Secretary Priti Patel retained The government quickly re- Javid had appeared reluctant So far, the two sides are far her post, while International Development Secretary Alok placed him with Rishi Sunak. to increase public borrowing to apart in their demands. And Sharma has been appointed Business Secretary and Minister He was previously a deputy to fund higher spending. even with a deal, the U.K. faces a for the upcoming climate conference COP26, in . Those Javid at the Treasury and is re- He said Javid’s departure huge adjustment when decades who were dropped from the Cabinet include Northern Ireland garded as a dependable Johnson should “allow the government of seamless trade and travel with Secretary Julian Smith, Business Secretary Andrea Leadsom, loyalist. to push through even bigger in- the EU end at the start of 2021. Housing Minister Esther McVey and Environment Secretary Javid’s resignation follows re- creases in public investment and Johnson had intended to keep Theresa Villiers. ports he had clashed with John- perhaps resuscitate tax cuts that the most senior ministers in Attorney General Geoffrey Cox has been asked to resign, while son’s powerful adviser, Dominic previously looked dead in the their jobs. His office said Foreign incumbent Chancellor Sajid Javid, the first Asian to become a Cummings, a self-styled political water.” Secretary Dominic Raab, Home Cabinet Minister, quit after he was asked to fire all his advisors, disruptor who is mistrusted by The resignation was a curve Secretary Priti Patel, Justice the BBC reported. “The Prime Minister said he had to fire all his many lawmakers and officials. ball in a Cabinet shake-up that Secretary Robert Buckland and special advisers and replace them with Number 10 special advis- “Dominic Cummings has was intended to tighten John- Cabinet Office Minister Michael ers to make it one team. The Chancellor said no self-respecting clearly won the battle to take son’s grip on government after Gove were all staying in post. minister would accept those terms,” BBC quoted a source close absolute control of the Treas- winning a big parliamentary ma- Several high-profile women in to Javid as saying. ury and install his stooge” at the British lawmaker Rishi Sunak, and jority in December’s election. Johnson’s government, includ- helm, said John McDonnell, fi- Chancellor of the Exchequer leaves 10 That victory allowed Johnson to ing Business Secretary Andrea After pressure from the British November. nance spokesman for the oppo- Downing Street take Britain out of the European Leadsom, Environment Secre- and Irish governments, the main Planning for that has got off sition Labour Party. Union last month, delivering on tary Theresa Villiers and Hous- Irish nationalist and British un- to a rocky start, with Johnson Javid had been due to deliver tion European Union by the end his key election promise. ing Minister Esther McVey, all ionist power-sharing parties re- last week firing Claire O’Neill, his annual budget in less than a of this year. Johnson also has Now his Conservative admin- said they had been fired. turned to work last month. a former British government month — a crucial financial plan ambitious infrastructure plans istration faces the even bigger Johnson also sacked Northern As well as reworking his Cab- minister appointed last year to as the government tries to boost including a 100 billion-pound challenge of negotiating a new Ireland Secretary Julian Smith inet, Johnson appointed a new head up the event. Britain’s economy in the wake ($130 billion) high-speed rail- trading relationship with the EU — another surprise move. Smith leader for the UN climate change The government said Thurs- of the country’s departure from way connecting London to while also seeking trade deals had been widely praised for conference that Britain is due to day that Alok Sharma, previ - the European Union last month. central and northern England, with the United States and other helping to end political dead- host later this year. The summit, ously in charge of international Johnson’s government faces and has vowed to boost poorer countries. lock that left Northern Ireland known as the 26th Conference of development, would become the challenge of negotiating a regions outside the economic Britain and the EU are aiming without a regional government the Parties, or COP26, is sched- business secretary and also take new relationship with the 27-na- hub of London and southeast to have a deal covering trade, se- and assembly for three years. uled to be held in Glasgow in charge of COP26. 1413 TUESDAY,FRIDAY, JANUARYFEBRUARY 28, 14, 2020 2020

ORDINARY LOVE (PG-15)(DRAMA/ROMANTIC) MALANG (PG-15)(HINDI/ACTION/ROMANTIC/THRILLER) MIRACLE IN CELL NO . 7 (PG-15)(TURKISH/DRAMA) CITY CENTRE: 10.30 AM + 12.30 + 2.30 + 4.30 + 6.30 + 8.30 PM OASIS JUFFAIR:10.30 AM + 3.30 + 8.45 PM CITY CENTRE:10.45 AM + 3.45 + 8.45 + 11.30 PM SEEF (I): 11.30 AM + 1.30 + 3.30 + 5.30 + 7.30 + 9.30 + 11.30 PM SEEF (II): 10.30 AM + 3.30 + 8.45 PM ARAS BULUT İYNEMLİ, NİSA SOFİYA AKSONGUR, İLKER AKSUM LIAM NEESON, LESLEY MANVILLE, AMIT SHAH ADITYA ROY KAPOOR, ANIL KAPOOR, DISHA PATANI SUFNA (PG)(PUNJABI/ROMANTIC) THIEF OF BAGHDAD (PG-13) SEEF (II): 12.30 + 6.00 + 11.30 PM CITY CENTRE: 10.30 AM + 12.30 + 2.45 + 5.00 + 7.15 + 9.30 + 11.45 PM AMMY VIRK, TANIA, JASMIN BAJWA SEEF (II): 1.15 + 6.30 + 11.45 PM MOHAMMED EMAM, YASMINE RAEIS, AMINA KHALIL BAD BOYS FOR LIFE (PG-15)(ACTION/COMEDY/CRIME) OASIS JUFFAIR:12.15 + 3.00 + 5.45 + 8.30 + 11.15 PM THE GENTLEMEN (15+)(CRIME/ACTION) CITY CENTRE: (1.00 AM THURS/FRI) CITY CENTRE: 11.00 AM + 1.30 + 4.00 + 6.30 + 9.00 + 11.30 PM CITY CENTRE:(ATMOS): 10.30 AM + 1.00 + 3.45 + 6.30 + 9.15 + 12.00 MN MATTHEW MCCONAUGHEY, CHARLIE HUNNAM, HENRY GOLDING CITY CENTRE (IMAX 2D): 12.00 + 2.45 + 5.30 + 8.15 + 11.00 PM CITY CENTRE (VIP I) : 12.30 + 3.15 + 6.00 + 8.45 + 11.30 PM AL FELOUS (THE MONEY) (PG-15)(ARABIC/COMEDY/CRIME) SEEF (II): 10.30 AM + 1.00 + 3.45 + 6.30 + 9.15 + 12.00 MN WADI AL SAIL: 12.30 + 3.15 + 6.00 + 8.45 + 11.30 PM CITY CENTRE: 11.00 AM + 1.30 + 4.00 + 6.30 + 9.00 + 11.30 PM SEEF (II): 1.30 + 6.15 + 11.00 PM WILL SMITH, MARTIN LAWRENCE, VANESSA HUDGENS TAMER HOSNY, ZEINA, KHALID EL-SAWI LATTE AND THE MAGIC WATERSTONE BIRD OF PREY (15+)(ACTION/ADVENTURE/CRIME) OASIS JUFFAIR (KIDS CINEMA): 11.00 AM SPIES IN DISGUISE (PG) CITY CENTRE:(DISTRACTION FREE SCREEN): 11.00 AM + 1.30 + 4.00 + 6.30 + ASHLEY BORNANCIN, DANNY FEHSENFELD, LESLIE L. MILLER 9.00 + 11.30 PM CITY CENTRE: 11.00 AM + 1.15 + 3.30 + 5.45 + 8.00 + 10.15 PM CITY CENTRE : 11.15 AM + 1.45 + 4.15 + 6.45 + 9.15 + 11.45 PM + (12.45 MN THE ROOM (15+)(THRILLER) THURS/FRI) WILL SMITH, TOM HOLLAND, KAREN GILLAN CITY CENTRE: 9.30 + 11.45 PM SEEF (II): 10.45 AM + 1.15 + 3.45 + 6.15 + 8.45 + 11.15 PM FROZEN 2 (PG)(ANIMATION/ADVENTURE/COMEDY) WADI AL SAIL: 11.00 AM + 1.30 + 4.00 + 6.30 + 9.00 + 11.30 PM OLGA KURYLENKO, KEVIN JANSSENS, JOSHUA WILSON CITY CENTRE: 11.15 AM + 1.30 + 3.45 + 6.00 + 8.15 + 10.30 PM MARGOT ROBBIE, MARY ELIZABETH WINSTEAD, EWAN MCGREGOR SEEF (II): 11.15 AM + 4.00 + 8.45 PM ANJAAM PATHIRA (PG-15 )(MALAYALAM) DOLITTLE (PG)(ADVENTURE/COMEDY/FAMILY) KRISTEN BELL, IDINA MENZEL, JOSH GAD OASIS JUFFAIR: 11.45 AM + 2.30 + 5.15 + 8.00 + 10.45 PM SONIC THE HEDGEHOG (PG) KUNCHACKO BOBAN, SHARAFUDHEEN, INDRANS CITY CENTRE:11.30 AM + 1.45 + 4.00 + 6.15 + 8.30 + 10.45 PM MASAMEER: THE MOVIE (PG)(ANIMATION/COMEDY) OASIS JUFFAIR:11.45 AM + 2.00 + 4.15 + 6.30 + 8.45 + 11.00 PM SEEF (II): 11.00 AM + 1.15 + 3.30 + 5.45 + 8.00 + 10.15 PM VARANE AVASHYAMUND (PG-13)(MALAYALAM) CITY CENTRE:1.30 + 4.00 PM OASIS JUFFAIR (VIP): 11.30 AM + 4.15 + 9.00 PM WADI AL SAIL: 10.30 AM + 3.45 + 9.00 PM OASIS JUFFAIR: 12.30 + 3.15 + 6.00 + 8.45 + 11.30 PM OASIS JUFFAIR (KIDS CINEMA): 1.00 + 3.15 + 5.30 + 7.45 + 10.00 PM ROBERT DOWNEY JR., ANTONIO BANDERAS, MICHAEL SHEEN ABDULAZIZ AL-MUZAINI, ABDULAZIZ AL-SHEHRI, MAZROA AL-MAZROA SEEF (II): 3.15 + 8.45 PM CITY CENTRE: 10.30 AM + 12.45 + 3.00 + 5.15 + 7.30 + 9.45 + 12.00 MN + (12.30 MN THURS/FRI.) SURESH GOPI, SHOBANA, DULQUER SALMAAN, KALYANI PRIYADARSHAN, CITY CENTRE (VIP II) : 11.30 AM + 4.15 + 9.00 PM JUMANJI THE NEXT LEVEL (PG-15) URVASHI SEEF (I):12.15 + 2.30 + 4.45 + 7.00 + 9.15 + 11.30 PM CITY CENTRE: 12.30 + 3.15 + 6.00 + 8.45 + 11.30 PM WADI AL SAIL: 12.30 + 2.45 + 5.00 + 7.15 + 9.30 + 11.45 PM SEEF (II): 12.00 + 2.45 + 5.30 + 8.15 + 11.00 PM AYYAPPANUM KOSHIYUM (PG-15)(MALAYALAM) JIM CARREY, BEN SCHWARTZ, JAMES MARSDEN DWAYNE JOHNSON, JACK BLACK, KEVIN HART OASIS JUFFAIR:10.30 AM + 1.45 + 5.00 + 8.15 + 11.30 PM SEEF (I):10.45 AM + 2.00 + 5.15 + 8.30 + 11.45 PM FANTASY ISLAND (15+)(THRILLER/HORROR) 1917 (PG-15)(WAR/ACTION/DRAMA) 1917 AL HAMRA : 11.00 AM + 2.15 + 5.30 + 8.45 + (12.00 MN THURS/FRI) WADI AL SAIL: 12.45 + 4.00 + 7.15 + 10.30 PM OASIS JUFFAIR:1.00 + 6.15 + 11.30 PM Winner of 3 Oscar Awards OASIS JUFFAIR (VIP): 1.45 + 6.30 + 11.15 PM CITY CENTRE:10.45 AM + 1.15 + 3.45 + 6.15 + 8.45 + 11.15 PM PRITHVIRAJ, BIJU MENON, RENJITH, SABUMON CITY CENTRE: 11.30 AM + 2.00 + 4.30 + 7.00 + 9.30 + 12.00 MN + (12.45 MN SEEF (II):11.15 AM + 1.45 + 4.15 + 6.45 + 9.15 + 11.45 PM THRS/FRI) WORLD FAMOUS LOVER (PG-15)(TELUGU) GEORGE MACKAY, DEAN-CHARLES CHAPMAN, MARK STRONG CITY CENTRE (VIP II) :1.45 + 6.30 + 11.15 PM From Friday 14th SEEF (II):11.00 AM + 1.30 + 4.00 + 6.30 + 9.00 + 11.30 PM + (12.30 MN THURS/FRI) OASIS JUFFAIR: 11.00 AM + 5.00 + 8.00 PM WADI AL SAIL: 11.15 AM + 1.45 + 4.15 + 6.45 + 9.15 + 11.45 PM SEEF (I): 11.00 AM + 2.00 + 5.00 + 8.00 + 11.00 PM LUCY HALE, MAGGIE Q, PORTIA DOUBLEDAY VIJAY DEVERAKONDA, RAASHI KHANNA, AISHWARYA RAJESH LOVE AAJ KAL (15+)(HINDI/ROMANTIC) OH MY KADAVULE (PG-13)(TAMIL) OASIS JUFFAIR:11.30 AM + 2.30 + 5.30 + 8.30 + 11.30 PM From Thurs. 13th 7:30 PM Onwards CITY CENTRE: 11.30 AM + 2.30 + 5.30 + 8.30 + 11.30 PM OASIS JUFFAIR: 2.00 PM SEEF (I):12.00 + 3.00 + 6.00 + 9.00 + 12.00 MN SEEF (I): 2.30 + 8.30 PM WADI AL SAIL: 12.45 + 6.00 + 11.15 PM ASHOK SELVAN, RITIKA SINGH, VANI BHOJAN KARTIK AARYAN, SARA ALI KHAN, RANDEEP HOODA NAAN SIRITHAL (PG-13)(TAMIL) BLOODLINE (18+)(CRIME/THRILLER) LITTLE WOMEN (PG)(DRAMA/ROMANTIC) From Friday 14th CITY CENTRE: 1.30 + 6.30 + 10.30 PM Winner of 1 Oscar Award OASIS JUFFAIR: 11.00 PM SEEF (II):10.30 AM + 12.45 + 3.00 + 5.15 + 7.30 + 9.45 + 12.00 MN CITY CENTRE: 10.30 AM + 6.30 PM SEEF (I): 11.30 AM + 5.30 + 11.30 PM HIPHOP TAMIZHA ADHI, ISWARYA MENON SEANN WILLIAM SCOTT, MARIELA GARRIGA, DALE DICKEY SAOIRSE RONAN, EMMA WATSON, FLORENCE PUGH

MOVIE REVIEW ‘Ford v Ferrari’ overlooks the best part of the racing rivalry ord v Ferrari (titled Le automotive visionary Carroll mon, Bale, and the rest of the Mans ‘66 in some Euro- Shelby and his British driver, cast joined that summer. Filming Fpean territories) is a 2019 Ken Miles, who are dispatched began in July 2018 in Califor- American sports drama film di- by Henry Ford II and Lee Iacoc- nia and lasted a little over two rected by James Mangold and ca with the mission of building months. written by Jez Butterworth, the Ford GT40, a new racing car The film has grossed $223.8 John-Henry Butterworth, and with the potential to finally de- DON’T MISS IT million worldwide and received Jason Keller. feat the perennially dominant acclaim from critics, who lauded It stars Matt Damon and Ferrari racing team at the 1966 the performances and racing Christian Bale, with Jon Bern- 24 Hours of Le Mans race in It’s a good time, but sequences. It was chosen by the thal, Caitriona Balfe, Tracy Letts, France. it skips the feats of National Board of Review as Josh Lucas, Noah Jupe, Remo In early stages of the film’s engineering that made one of the ten best films of the Girone, and Ray McKinnon in production, Tom Cruise and 1966’s historic 24 Hours year, and at the 92nd Academy supporting roles. Brad Pitt were cast in the star- of Le Mans race possible Awards received four nomina- The plot follows a deter - ring roles, but those plans fell tions, including Best Picture, and mined team of American en - through. Mangold was then won Best Film Editing and Best gineers and designers, led by hired in February 2018, and Da- Matt Damon and Christian Bale in ‘Ford v Ferrari’ Sound Editing.

SUDOKU CROSSWORD AcrossAcross 1-1- Exclamation Close with force; to express 5- Swedish sorrow; imports; 5- Bear 10- up Geezer; there; 9-14- Western Verdi opera; Native 15- Americans; Carousal; Yesterday’s solution Yesterday’s solution 13-16- “Goldberg Corrida cries; Variations” 17- Make composer; slender; 19- 14- Faux Freedom pas; 20- from Egyptian war; 16- peninsula; Swabbies; 21- 17-Creatures; Reflected 23- sound; Oxlike 18- African Appropriate; antelope; 19- 25- Split; Battery 20- Antleredterminal; animal; 26- Comics 21- Singlecanine; unit;29- 22-Tidy, Brings without out; fault; 24- Furniture 31- San Marino wood; surrounder; 26- Faucet 35-problem; Singer 27-Shannon; Like some 36- Gyro bearsbread; and 37- icecaps; Evening 29- party; Unselfish; 38- The 33- tiniest Lustful bit; deity; 40- Nocturnal 34- “David carnivore; Copperfield” 41- Gray wife; 35-sea Neighbor turtle; 42- of BeSask.; sorry 36- for; Singer 43- Pantry Garfunkel; pest; 37- 44- Experiment; Silvery fish; 38-45- SkidIdentical; row woe; 39-46- Will Region; of “The 47- Waltons”; Put away 41-papers; ___ She 49- Sweet; Georgia, 42- once: Weeps; Abbr.; 44- 51-Incoming; Extraordinary 46- Less outgoing;occurrence; 47- 54-Tyler’s Another successor; time; 58-48- Mine Pass entrance;the breaking 59- Propheticpoint; 49- revelation;Ring combo; 63- 52-Sheltered, Loss leader?; nautically; 53- Portfolio; 64- Donnybrook; 57- Actress 65- Moore; Reclined; 58- 66-Summarize; Blend; 67- 60- Milk Minerals; snake; 61-68- “Ars Gaelic Amatoria” language poet; of Ireland 62- Brazilian or Scotland; ballroom dance; 63- Tears; 64- Network of nerves;Down 65- Exam used to measure aptitude or intelligence; 66- Go out with; Down1- Disrespectful back talk; 2- Taylor of “Mystic Pizza”; 3- Mideast gulf; 4- Contrive; 1-5- In Vane the sack; dir.; 6-2- CalendarOrnamental abbr.; fabric; 7- Onassis, 3- Dull to pain, pals; often 8- Solidus; in the 9-head ___ evil...; or back; 10- 4- Soon;Skin 5-preparation; Turmoil; 6- 11- Freshen, Spicy stew; as a 12- stamp Trompe pad; l’___; 7- Saltimbocca 13- Cookbook seasoning; amts.; 18- Loud8- Essen exclamation;noise; 22- Stupidity; 9- As above; 24- Oneness; 10- Baby 25- powder; Car club; 11- 26- HOMES Smells; part; 27- 12-Fabric Fast of fliers; jeans; 15- Endless;28- ___ France; 23- Decease; 30- Basque 25- Musical separatist ability; organisation; 26- Clear 32-of vermin; Bellowing; 27- 33- Kitchen Sierra gadget; ___; How to play 28-34- Sleek Gossipmonger; swimmer; 36-29- KindDeparting; of license 30- or Blast justice; from 37- the Satisfies; past; 31- 39- Say; Bringing 32- Cheek; bad Place a number in the empty boxes in such 33-fortune; Narrative 40- ofOuter heroic edge; exploits; 42- Cushion; 34- Imbibe; 45- Oozed; 37- Suit 46- makers; Sock pattern; 40- Swimmer’s 48- Wool fear; a way that each row across, each column 42-source; Chinese 50- tea; Gal of43- song; It opens 51- Polite your address;parachute; 52- 45- Monty Pledge; Python’s 46- BeEric; short 53- Monetarywith; 48- down and each 9-box square contains all Runsunit through;of Cambodia; 49- Scent;55- On 50-___ with; Campbell 56- Egyptian of “Scream”; goddess 51- of Send fertility; forth; 57- 52- Branta Pinnacle; of the numbers from one to nine. 54-sandvicensis; La Scala solo; 60- 55- No Equinox longer young; mo.; 56- 61- “___Bee quam follower; videri” 62- ___(North Lingus; Carolina’s motto); 59- Absorb, as a cost; FRIDAY, FEBRUARY 14, 2020 14 THURSDAY, FEBRUARY 13, 2020 celebs

Rose McGowan slams Fashion designer Natalie Portman’s Catherine Zeta-JonesWendell Rodricks Salma Hayek spilled water passes away Margot 2020 Oscars ensemble Robbie debuts new family Panaji Los Angeles on Eminem at the Oscars puppy: ‘Introducingopular fashio n atalie Portman’s 2020 Os- Pdesigner Wendell Salma Fox | Los Angeles to wipe it off I impulsively hugged him present to perform inca 2003rs e nwhensembl thee, a cape Rodricks has passed Hayek and I said ‘Nice to meet you Eminem- song won an Oscar. embroidered Taylor Douglas’away at the age of 59. Margot Robbie sealmat tHayeko w orandk I’m a HUGE fan!’ because I AM! 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Michael, 75, has a son, 41-year- O. Russells next film. the cape “the kind of pro- replaceable & shall Russell will direct thewhile film fsherom felt his the encounter whether he enjoyed the previouslytest that g turnedets rave down revie wthes Zeta-Jones old Cameron,alw afromys be a cherished previous . own script. Plot detailswas ar eless being than kept flattering, the Oscars, reading: “’Abso- fromchance the mai ton performstream medi at thea took to Insta - marriage. We will truly miss story has a happy ending.Christian lutely,’ he said. ‘I got to Oscars because he had gram to share Last week, Zeta-Jones’ fa- under wraps. Matthew Budman pro- Bale for its bravery,” cited The Holly- him. My heartfelt duces the project, reports“In v arietthesey. com.pictures it might hug Salma Hayek!’” wood Reporteperformedr. the song at the news, post- ther-in-law,co Kirkndo lenDouglas,ces to died his Russell had been consilookde likering @Eminemoptions in theand l aIs tare “And then I read this “Brave? 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In 2019, Robbie wasso seen shocked in Quentin to see T himarantino that ’sI want to read the entire ar- wear a cape with their nyoungerames on itme. “Intro- In the photo, Zeta-Jones sat “Once Upon A Time Inspilled Holly wwaterood”, allwhe overre she him,” play edticle Sha -with #Eminem please “I find Portman’s typedidn’t of activis realm deepl- y ducing Tay- next to Douglas as she leaned ron Tate, as well as “Bombshell”.read the caption. The role earned hersee some my link in bio.” offensive to those of us wlyh ofeel actually like doa the lor Doug- over and planted a kiss on his of the best reviews of he“Ifr c ayouree rexamine, as well as our her faces, second OscarAt the ceremony, Emi - work. I’m not writing thisshow out of likebitternes that s, I las to the cheek. nomination. She was Imo lookst r mortifiedecently seen and in he “Bi looksrds Of nemPrey performed” his hit “Lose am writing out of disgust. wouldI just want under her an-d world,” she “To my darling Kirk, I shall reprising her role of Hterrifiedarley Quinn. of me- As I was trying Yourself,” which he was not other actresses to walk thestand walk me.”,” she said. wrote in the love you for the rest of my life,” Eminem caption. she wrote in the caption. “I In the com- miss you already.Wend ellSleep Rodricks tight...” SRK celebrates 10th Catherine Zeta-Jones Rodricks was known Constance Wu hasn’t seenWishes ‘Hustlers’ pour in for J ennifeor ‘Freshr Off the Boat’Kevin Hart’s Quibi series adds for creating designs that anniversary of Jennifer Aniston as she turns 51 Nathalie Emmanuel brought together the tra- Fox | Los Angeles oldAniston actress appeared on Tues- ing that movie, after that expe- much, dwell too much on the ‘My Name is Khan’ Los Angeles Los Angeles Pamela Andersonditiona lshares with the rela xed day’s episode of “Live with Kel- rience, that I stopped watching past.” Goan vibe. 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After She continued: “It is The Mighty Ducks TV series, 12-year-old Evan (Noon) is betterRihann to bea betrayed based on the ’90s hit film unceremoniously cut from than not to trust, said. “Despite Mr. franchise, which has gotten the Ducks, he and his mom dinbetteres wit toh be disap- Peters’ scurrilous anS officialayani 10-episode Gupta turns order pAlexroduc (Graham)er fo setr out to build A$APpointed Rocky ,than not and ongoing ef- IMPORTANT DOCUMENTS LOST ather Disney+. film ‘Where the Wtheirind own Bl oragtagws’ team of misspa- rks offto datin love.g Don’t forts to elicit a MumbaiBrady Noon has been cast fits to challenge the cutthroat,rum ours ever run from response from We lost original Bill of Lading documents as the young lead in the win-at-all-costs cultureLos Angeles of pain, just face Ms. Anderson, #GBAH1912018302, which was in a courier package sequel ctseries,ress S fromayan ithe Gu pta is set tcompetitiveo co-pro- youth sports. it allow it to be she has no com- addressed to Mohammed S. Hashil Cont. Co. Ltd., original film’s writer Brill, Goldsmith and and it will pass. ment to provide during our office relocation. duce “Where the Wind Blows”, a inger Rihanna was recently spot- Steve Brill,film Tillwhich Death wil l feature herYuspa as the executive produceted step ping outAnd for wedinn willer w ith and hopes he is Acreators Josh Gold- and Goldsmith and Yuspa have grown well.” only protagonist. rapper A$AP Rocky, sparking off If found, please contact our representative on 34305098. smith and Cathy also serve asS showrun- to the next Anderson It’s been directed by Karma Takapa, dating rumours. whoseYuspa, films and ABC“Ralang Road” and “Moners.r JamesFor Griffithsher nigh t out wilevel.”th her rumoured married Peters, MSignatureann Ke Bha Sturam- ” have travelled to var- and Michaelboyfriend, Spiller Rihanna wore aThe gold mescolou-red a movie mogul, in C L ASS IFIE D S iousdios. festivals. willdr serveess. She as teaexecme-d up hersage outfit with was a pair a secret ceremo- The films’ According to utiveof str approducerspy heels and carrsharedied a snona topkes kin ny in late Janu- star, Emilio a source, “the handbawith Griffithsg, reports dailymailof .c ao .uk. black- ary. Their split Estevez, has interesting fact directing.Last month, Gra r-umours and-whitestarted that Ri- was announced WHATWHAT TO TO DO DOAFTER AFTER EXAMS EXAMS??? ??? been in talks about the film hamhanna is ha co-exd rebou- nded photofrom herof the lo ng- earlier this KEY to success is Keep Educating Yourself about reprising is that the en- ecutiveterm producer. relationshi p with billi52-year-oldonaire Hass an month. KEY to success is K eep E ducating Y ourself his role as Gordon George Heller and Brad actress. “I have been FIITJEE Offers BRIDGE COURSE for tire film is shot Jameel with A$AP Rocky. FIITJEE O ers BRIDGE COURSE for Bombay. Those in the HimalayPetrigalaas. ofB utBrillstein sources had said thOnat MonRihan- na moved by the warm Students Moving to Class X Students Moving to Class XII conversations are The cast and cEntertainmentrew was sinPartnersgle. “She just gday,ot out Peters, of a lon g reception to Jon and Students Moving to Class X Students Moving to Class XII still ongoing. The and Jordan Kerner also 74, claimed to Page my union. We would Refresh Class IX Concepts Refresh Class XI Concepts climbed till the intense relationship with Hassan. Refresh Class IX Concepts Refresh Class XI Concepts Mighty Ducks se- are executive producers. Six that he paid off be very grateful for Intro to Class X Boards Intro to Class XII Boards base camp of Mount She wants to be single and isn’t Intro to Class X Boards Intro to Class XII Boards ries is slated to be- Everest. The ABCaver agSignaturee Studiosgoing t ois jum p intAnderson’so somethin g“almost. your support as we Orientation for Competitive Exams SAT Subjects gin production this part of Disney TV Studios. $200,000 in bills.” take some time apart Orientation for Competitive Exams SAT Subjects temperature there was She’s hanging out with ASAP Last Date For Registration Explore IIT - JEE month in Vancou- The Mighty Ducks was In a statement to to reevaluate what Last Date For Registration Explore IIT - JEE around minus 27 degree Rocky, but she is not dat- FEBRUARY th Sverayan fori Gu ptaa premiere the first film in The Mighty Fox News, Ander- we want from life FEBRUARY thClasses Begin From 18 Classes Begin From Celsius. Sayani along with ing him.” 18 19 FEBRUARY 2020 thelater cr ethisw o yearf only on se vtheen people climbeDucksd and filmcomplete series.d The 1992 They son’sa d de repd : refuted and from one anoth- 19 FEBRUARY 2020 thestreaming shoot in service. 26 days”. sports comedy drama cen- “TheyPeters’ have a claims. long history and er,” Anderson said Please Call / WhatsApp: +973 33784481, 33911860 Co-created by tered around a youth league “These claims are in a statement pro- Please Call / WhatsApp: +973 33784481, 33911860 Sharing her experience of working on the film, Sayani she’s just having fun.” E-mail: [email protected] | Log on: www.fiitjeebahrain.com Brill, Goldsmith and hockey team, directed by not only entirely vided to Fox News FIITJEEE-mail: Bahrain bahrain.classes@ itjee.com Centre: Office 11, Bldg 667, Road | 3626, Log Adliya, on: Kingdom www. itjee of Bahrain,bahrain.com Tel: 77153535 Scan the QR for our Location said: “This film is very close to my heart. Shooting for it was FIITJEE Bahrain Centre: Oce 11, Bldg 667, Road 3626, Adliya, Kingdom of Bahrain, Tel: 77153535 Scan the QR for our Location noYuspa,t lesse r the tha n reboot a rolle r coaster rStephenide. Though Herek the andshoo starringt was fabricated, they are by her rep at the disifficult, set in the present experie daynce was one oEstevez.f the most memorable ones. ludicrous,” the rep time. Lauren Graham Pamela Anderson 15 FRIDAY, FEBRUARY 14, 2020 sports

Falcon rally past Ruct TDT | Manama

Chimaev eyes three belts, alcon beat RUCT by 7 wick- Fets in CBA Division D 25 overs League. Falcon won the toss and elected to bowl first. RUCT starting at BRAVE CF 37 managed to score 169 in 25 overs. Bineesh (45) was the top scorer. Rameesh and Deepak took three wickets each for Undefeated Falcon CC. Chasing the target, • BETTER Midhilaj’s 80 runs in 50 ball Khamzat Chimaev helped Falcon to reach the tar- Midhilaj - Falcon CC is set to face Jarrah get in 18th over with 3 wickets Al-Selawe at BRAVE KNOW loss. CF 37’s main event Falcon CC 171/3 in 17.1 overs (Midhilaj 80, Faisal 29) beat RUCT 169/7 (Bineesh 45, TDT | Manama Khamzat has hinted Deepak 3/32, Ramesh 3/44) multiple times his by 7 wickets hamzat Chimaev has Superb XI 287/6 (Nabil 75, high hopes for himself greatest aim is to be Rauf 61, Irfan 40, Sanju 3/41) Kand his career with known as the first-ev- beat Rising Stars 136/10 (Sub- BRAVE Combat Federation. At er three-division hiraj 45, Aizal 3/6) by 151 runs 6-0 in his professional career, world champion Tornado A 244/4 (Nitin 84 “Borz” is already a part of histo- Sarath 70, Gigin 35) beat Koth- ry as he’s set to challenge reign- ing back down to Super Light- ambawala 123/10 (Adnan 27, ing Welterweight world cham- weight to face Eldar Eldarov. Kingsly 3/23, Byju 3/36) by 121 Mohameed - Shafiq XI pion Jarrah Al-Selawe in what’s While he hasn’t disclosed runs being billed as the biggest fight officially when he would like KIMS CC 168/8 (Arun 35, in the company’s history. Khamzat Chimaev celebrates a victory to face off with other champi- Sarfaraz 3/21) beat United The two will meet at BRAVE are huge fans of Khamzat, and est aim is to be known as the ons, he has the biggest test of CC140/10 (Fahad 29, Shyam CF 37’s main event, which takes have been on record saying their first-ever three-division world his professional career in front 4/21, Firos 4/34) by 28 runs place in association with AK younger teammate will “soon be champion. of him. Al-Selawe is the best Bassali Tigers 214/5 in 24.3 Fighting Championships, in the best in the world”. In order to do that, he will fighter in Middle East history overs (Rashid 62, Hamza 51) , , on April For the young phenom, how- start his quest at Welterweight, and is ready to conquer Europe beat Jinnah CC 210/7 (Atif 62, 18th. It will be a fitting home- ever, the Al-Selawe fight simply while he has his eyes set on an and the world. A victory over Umer 33, Kashif 2/37) by 5 coming for Chimaev, who has represents a step towards im- eventual showdown at Middle- Chimaev would solidify Jar- wickets adopted Sweden as his home mortality. Chimaev has grand weight and Super Lightweight. rah as the best in his weight Spartans CC 140/7 (Zeeshan and trains at the world-re - plans under BRAVE Combat Fed- Khamzat believes he can take class, and a victory for Kham- 46, Rajesh 2/17) beat CEBARCO nowned AllStars Training eration and is looking to start out Al-Selawe, and then move zat would mean the start of his 56/10 (Saravanan 13, Zeeshan Center, with the likes of Alex- off with a rivalry against “The up to challenge Daniel “Gau- dream scenario - can Chimaev 6/12, Ali 3/13) by 84 runs Rashid - Bassali Tigers ander Gustafsson, Reza Mada- Jordanian Lion”. Khamzat has cho”, the current champion at become a three-division world Karnataka Strikers 220/5 di, and Ilir Latifi - all of which hinted multiple times his great- Middleweight, as well as go - champion? (Sohaib 57, Anil 53, Osman (Sony 12, Naeem 4/18, Burhan 43) beat Kerala XI 149/10 3/17) by 9 wickets (Shiji 33, Shoaib 2/25) by 71 Shafiq XI 218/2 (Mohammed runs 78, Mansoor 45, Raj 43) beat AF Bahrain 233/6 (Ruvin- Salmaniya Eagles 186/10 (Me- Guardiola fears sack if Real Madrid tie goes wrong da 68, Rassika 55, Fayaz 3/40) hdis 50, Raj 4/32, Fadhil 3/30) beat Bahrain Hawks 162/8 by 32 runs AFP | London Munich, he is expected to fulfil (Sushanth 37, Satinder 41) by Hyderabad Boys 150/10 his deal and enter a fifth season 71 runs (Tohid 43, Akhan 3/29, Anu anchester City manag- at one club for the first time in Nelofar Events 79/1 in 6.4 3/29) beat Gladiators 88/10 Mer Pep Guardiola said he his managerial career. overs (Ashfaq 41, Saeed 28) (Chako 15, Nirenjan 3/25) by could be sacked if he fails to But the Catalan coach also beat Santy Excavation 76/10 62 runs beat Real Madrid in the last 16 hit back at the suggestion that of the Champions League. the success or failure of a sea- Guardiola has won five major son should only be measured trophies in three seasons at the in trophies. Etihad, but a failure to progress “We give a bad, bad message Rodgers ignoring ‘narrative’ beyond the quarter-finals of the for the new generation, for our around James Maddison Champions League has been the kids, to just count the winner, big disappointment of his reign. the trophies to win,” added Reuters | London much about that side. I know Guardiola’s side trail Liver- Guardiola. the reality of what he is and pool at the top of the Premier “You say the season is a dis- eicester City manager what he gives,” Rodgers told League by a mammoth 22 points aster but if you win the Cham- LBrendan Rodgers says he reporters. this season with their campaign Pep Guardiola looks on during a match pions League it will be excep- knows the real James Maddi- “It’s unfortunate. We’re sup- now set to be judged on how “If we don’t beat them, OK, happen). It has happened many tional. Why? It is difficult to win son and is ignoring the “narra- posedly in this world where they fare in Europe. come the chairman or the sport times and could maybe happen.” it. tive” which sections of the me- everyone ‘cares’. Rubbish - “I want to win the Champions director and say, ‘It’s not good Guardiola has a contract at “If you don’t, we can say in dia have constructed around the first thing they do is try to League. I dream (of it) and I will enough, we want the Champi- the Etihad until the end of next more than 100 years of history the midfielder. stitch you up. enjoy preparing for the games ons League, I’m going to sack season. (there) were 100 failure seasons Newspapers published pho- “This is a 23-year-old boy against Madrid,” Guardiola told you.’ After four years at Barcelona for Manchester City. That is tos on Monday of Maddison who is single, he’s been given Sky Sports. “I don’t know (if this would and three in charge of Bayern not true.” “partying” in Dubai during a week free. We try to educate the Premier League’s mid-sea- them in many ways but this is son break ahead of Leicester’s something I’m not too both- return to action against Wol- ered about.” verhampton Wanderers on Maddison has scored nine Friday. goals in all competitions this The 23-year-old has previ- season for Leicester, who sit ously been criticised third in the Premier League. for going to a casino He has been tipped to earn on the night England a spot in England’s Euro 2020 lost a Euro 2020 squad after making his senior qualifier to Czech debut in a 7-0 win over Mon- Republic last tenegro last year. October after “He is a talent, what we try withdraw- to educate off the pitch is to ing from the focus every day on train- squad due to ing, and how important illness. training is. It’s not just “People about the talent, you want to fit have to work at a narrative your talent,” around him so Rodgers add- Staff of Gulf Air take part in various activities organised as part of Bahrain Sports Day I don’t worry so ed. James Maddison FRIDAY, FEBRUARY 14, 2020 16

Ajax’s Blind makes comeback after heart operation REHC set for action-packed day Reuters | Amsterdam

jax Amsterdam de - REHC to host seven Afender Daley Blind • BETTER returned to action for the races on the card today first time since undergoing a heart operation by mak- TDT | Manama KNOW ing a substitute appearance in Wednesday’s 3-0 Dutch thrilling day of action is Cup win over Vitesse Arn- set to take place today hem. Aat Rashid Equestrian Irish Thoroughbred Blind was diagnosed with and Horseracing Club (REHC) heart muscle inflammation in Riffa. Marketing Cup, the after suffering from dizzi- Seven races are on the cards, seventh and final race ness in a Champions League with the last four offering a total of the day, will feature game against Valencia in prize of BD3,000 each. 10 imported horses December. The seventh and final race aged three years and The 29-year-old Dutch- will be for the Irish Thorough- above man was fitted with a sub- bred Marketing Cup, featuring cutaneous implantable 10 imported horses aged three cardioverter defibrillator, years old and above. It will be which sends electrical puls- over eight furlongs, and the trio Newman as the jockey. es to regulate abnormal of Al Jellaby, Coolagh Forest In race four, a massive field of heart rhythms, and he made and Balestra have been tipped 18 imported horses aged three a surprise return to first- to have a chance to win. and up and rated zero to 75 are team training last week. Al Jellaby and Balestra are in the fray. They will be battling “I am really happy to be both owned by Al Mohamediya it out over seven furlongs. back on the pitch,” Blind, Racing, with Al Jellaby trained Meanwhile, the third race of who came off the bench in by Osama Hashim and to be the day is over six furlongs with the 77th minute, told Fox ridden by Abdulla Faisal and a BD2,000 prize, and it will be Sports Netherlands. Balestra trained by Hesham Al Action from one of last week’s races (File Photo) for the Chevron Cup; while race “I had a little bit of ten- Haddad and to be ridden by two is over six furlongs with a sion beforehand because Adrie De Vries. Coolagh Forest pre-race favourites are Jazeel, dicate, Taleb Ali and Hasan Al been tipped with a chance to BD2,000 total prize. you don’t know how it will is owned by Mohammed Khalid Port Douglas and Saajid. Saffar. win. Sadara and Yaoud are both Kicking things off today, six go. Abdulrahim and trained by Paul Jazeel is owned by Victorious, Both the fifth and fourth races owned by Shaikh Mohammed horses will be competing in the “The doctor really needed D’Arcy, and will be ridden by trained by Hesham Al Haddad of the day are offering a Porsche bin Abdulla bin Isa Al Khali - opening race for a Bahrain Jew- to hold me back and step on John Egan. and will be ridden by Adrie De Cup. fa and trained by James Nay- ellery Centre Cup. It will be held the brakes because I wanted In the sixth race for the Bah- Vries. Port Douglas will be com- Only four locally bred hors- lor, with Abdulla Faisal riding over 10 furlongs and it offers a to get back ASAP. I wasn’t rain Jewellery Centre Cup, six peting for Al Hassanain Syndi- es aged three years old and up Sadara and Andrew Elliott on BD2,000 total prize. scared at all, I wanted to get imported horses aged three and cate, Mohammed Al Sammak are entered in race five, which Yaoud. Ramani is owned by Al All are welcome to attend to- back on the pitch as fast as up are entered. They will be bat- and Abdulla Faisal while Saajid is to cover seven furlongs. Sa- Afoo Racing Stable and trained day’s events at REHC. Entrance possible.” tling over 12 furlongs, and the is representing Shamtoot Syn- dara, Ramani and Yaoud have by Mohammed Saeed, with Lee is free. Ajax’s Ziyech to join Chelsea in 40m-euro deal AFP | London Ziyech joined Ajax in 2016 home to Chelsea and later from fellow Eredivisie club FC threw away a three-goal lead akim Ziyech will join Chel- Twente for a fee of 11 million at Stamford Bridge. Hsea from Dutch champi- euros, and has now scored 49 Ziyech made his comeback ons Ajax this summer in a 40 goals in 160 appearances for Wednesday evening with his million-euro ($43.4 million) Ajax. team’s victory in Arnhem (0- deal, the two clubs confirmed His contract at Ajax was due 3) in the quarter-finals of the yesterday. to run until June 2022. Dutch KNVB Cup after a calf The announcement ends muscle tear in January. days of speculation over the ‘Originality, bravery’ Dutch media this week said future of the 26-year-old at- Ziyech was a key figure in Frank Lampard believed Zi- tacking midfielder, a Moroccan Ajax’s sensational run to the yech “is a top player and such international. Champions League semi-finals an essential reinforcement to “Ajax and Chelsea have last year. his 11 that he gave the club in- reached an agreement for the But he reportedly want - structions to have a deal done transfer of Hakim Ziyech. The ed more football in Europe’s before the summer.” Cars lined up prior to a race at BIC player will join the Premier top flight after the Dutch side Clubs can agree and sign League club on July 1st 2020 w e r e eliminated in the transfers outside the English and will finish the season in group stage Premier League’s January BIC hosts back-to-back days of exciting Amsterdam,” the Eredivisie this year -- in transfer window, but players champions said in a statement. part because may not be registered with new “The clubs have agreed a deal they lost at clubs until it opens again in the action in 15th annual GulfRun of ?40 million euros. This sum summer. could potentially increase to a Ajax is known for selling and the action continues un- bility, power, weight and tyre maximum of ?44 million, with home-grown talent to richer GulfRun is one til today evening with an - type. variable factors.” European clubs. After last sea- • other whole day’s worth of GulfRun showcases many Chelsea confirmed the son, they sold Matthijs de Ligt of several major running. top-of-the-line sports cars deal, praising Dutch-born to Juventus and Frenkie de motorsport events for Spectators are welcome to from major internationally re- Ziyech as a “prolific scorer Jong to Barcelona. groups of motorsport watch the event. Today’s activi- nowned brands each year. It throughout his career.” In 2018, Ziyech, who was enthusiasts hosted ties will be held from 10am until started in 2005 as a weekend “Ziyech is a left-footed born in the central Dutch the awarding ceremony at 7pm. getaway for a group of friends attacker who is comfort- town of Dronten, was by BIC throughout Entry is free of charge. passionate about automobile able playing off the right crowned Dutch Player the calendar year The action is taking place racing. The goal is to promote flank and coming inside, of the Year. along four of BIC’s track con- automobile racing and train- as he has often done in “He brings technique, TDT | Manama figurations, including the Inner, ing in a professional environ- recent years to such originality, bravery, depth Outer, Endurance and Grand ment; while educating drivers devastating effect for and enjoyment,” to the ahrain International Circuit Prix circuits. on proper racing techniques. Ajax, or on the left game, said De Volkskrant B(BIC) is hosting a group of The schedule includes a There are track-certified mar- to attack with width daily newspaper. around 50 cars from Kuwait friendly timing competition. shals monitoring the event at all and deliver into the “After eight seasons in this weekend for the 15th edi- Points will be awarded for each times to ensure that the event is box,” Chelsea said. the Eredivisie he’ll leave tion of the annual GulfRun. participant’s fastest completed safe and secure. The Lon - behind an emptiness” on The meeting is one of the time per track, with the win- GulfRun is one of several don-based side Dutch football fields, the longest-running and most be- ners being determined based major motorsport events for added: “The paper lamented. loved events at “The Home on the combined points from groups of motorsport enthusi- move is subject The top two finishers of Motorsport in the Middle all four tracks. Trophies will asts hosted by BIC throughout to the player Hakim Ziyech in the Dutch league qualify East”. then be presented to the top the calendar year. BIC has be- agreeing personal terms each year for the Champions It kicked off yesterday three in each car class. Cars are come a favourite amongst race and he will remain at the League and Ajax are top, 10 morning with a full-day pro- placed in their respective cate- lovers from across the region Dutch club for the rest points clear of third-place Wil- gramme of on-track sessions gories according to their capa- and beyond. of this season.” lem II.