Ithmaar Holding, a Bahrain-based holding company, has received approval from its shareholders to increase its capital. The plan includes injecting up to $200 million of Tier 1 Capital. The proposal was put forth by the Board of Directors and is now pending legal and regulatory approval. The announcement was made during an Extraordinary General Meeting (EGM) held at The Ritz-Carlton Hotel in Seef District, with Mohammed Bucheeri, a board member of Ithmaar Holding, serving as the chairman. More Read @Trade Arabia