Ithmaar Bank a Bahrain-based Islamic retail bank has signed a memorandum of understanding (MoU) with Al Nasir Contracting to support the development of a Governmental social housing project. The MoU was signed by Ithmaar Bank Head of Corporate Banking Amr AlShaher and the Managing Director of Al Nasir Contracting Ammar Rajab at the Bank s headquarters in Seef Tower. We are pleased to announce the strategic partnership with Al Nasir Contracting which has become one of the prominent contracting companies in the Kingdom of Bahrain said AlShaher. This partnership reflects the Bank s commitment to provide banking solutions and services that meet the requirements of its corporate clients and enhance the Bank s involvement in government projects he said. Ithmaar Bank aims to play a pivotal role in ensuring sustainable development of social housing projects and in supporting its corporate clients to develop public real-estate projects that contribute to the growth of this vital sector in Bahrain said AlShaher. Through these partnerships we strengthen our support for our corporate clients by providing tailored banking solutions that enable them to expand deliver quality projects and achieve their business goals. Ithmaar Bank is one of the pioneering banks in Bahrain offering exceptional services tailored exclusively to companies and business owners said Rajab. This cooperation will enable us to continue delivering high-quality developments with the highest construction standards supporting government initiatives and contributing to the growth of the construction sector in the Kingdom .
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Ithmaar Bank a Bahrain-based Islamic retail bank has signed a memorandum of understanding (MoU) with Al Nasir Contracting to support the development of a Governmental social housing project. The MoU was signed by Ithmaar Bank Head of Corporate Banking Amr AlShaher and the Managing Director of Al Nasir Contracting Ammar Rajab at the Bank s headquarters in Seef Tower. We are pleased to announce the strategic partnership with Al Nasir Contracting which has become one of the prominent contracting companies in the Kingdom of Bahrain said AlShaher. This partnership reflects the Bank s commitment to provide banking solutions and services that meet the requirements of its corporate clients and enhance the Bank s involvement in government projects he said. Ithmaar Bank aims to play a pivotal role in ensuring sustainable development of social housing projects and in supporting its corporate clients to develop public real-estate projects that contribute to the growth of this vital sector in Bahrain said AlShaher. Through these partnerships we strengthen our support for our corporate clients by providing tailored banking solutions that enable them to expand deliver quality projects and achieve their business goals. Ithmaar Bank is one of the pioneering banks in Bahrain offering exceptional services tailored exclusively to companies and business owners said Rajab. This cooperation will enable us to continue delivering high-quality developments with the highest construction standards supporting government initiatives and contributing to the growth of the construction sector in the Kingdom .
Ithmaar Development Company (IDC) a specialised company in the development and management of major development real estate and other infrastructure projects and a wholly-owned subsidiary of Ithmaar Group announced the appointment of Nayef Nasser Alnasser as a Managing Director of IDC succeeding Mohammed Khalil Alsayed. The appointment of Alnasser reflects the Company s commitment to advancing its strategic plans and continuing to efficiently manage the Group s assets and real-estate development projects which in return will support the growth and accelerating expansion of the Company s real-estate portfolio. Alnasser has extensive experience and successful record of achievements in the sector enabling him to effectively lead the Company as a Managing Director. His strong track record in managing investments and diversity assets will contribute significantly to IDC s continued development in line with the Group s vision and future plans. Alnasser will lead the company s day-to-day operations support the execution of key projects and introduce new visions and initiatives that will drive the performance of the Company in line with the Group s long-term objectives. Alnasser will continue his role and responsibilities as Head of Asset and Remedial Management at Ithmaar Bank. IDC was established in 2007 to develop and manage major development real estate including Dilmunia a 1.25 million square metre manmade island off the coast of Bahrain.
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Ithmaar Development Company (IDC) a specialised company in the development and management of major development real estate and other infrastructure projects and a wholly-owned subsidiary of Ithmaar Group announced the appointment of Nayef Nasser Alnasser as a Managing Director of IDC succeeding Mohammed Khalil Alsayed. The appointment of Alnasser reflects the Company s commitment to advancing its strategic plans and continuing to efficiently manage the Group s assets and real-estate development projects which in return will support the growth and accelerating expansion of the Company s real-estate portfolio. Alnasser has extensive experience and successful record of achievements in the sector enabling him to effectively lead the Company as a Managing Director. His strong track record in managing investments and diversity assets will contribute significantly to IDC s continued development in line with the Group s vision and future plans. Alnasser will lead the company s day-to-day operations support the execution of key projects and introduce new visions and initiatives that will drive the performance of the Company in line with the Group s long-term objectives. Alnasser will continue his role and responsibilities as Head of Asset and Remedial Management at Ithmaar Bank. IDC was established in 2007 to develop and manage major development real estate including Dilmunia a 1.25 million square metre manmade island off the coast of Bahrain.
Ithmaar Bank B.S.C. (closed) a Bahrain-based Islamic retail bank announced the appointment of Mohamed Ahmed Bucheerei as Head of Strategy Transformation and Business Development reporting to Ithmaar Bank Chief Executive Officer Maysan Almaskati . Bucheerei s appointment comes at a pivotal time as Ithmaar Bank advances its comprehensive restructuring and transformation programme aimed at strengthening its business model optimizing capital and delivering on a clearly defined strategic roadmap. Since joining Ithmaar in 2020 he has demonstrated strong capabilities in strategy formulation restructuring and transformation contributing to noticeable improvements. With more than 18 years of experience in banking Bucheerei has contributed exceptionally to key strategic initiatives spanning capital restructuring strategic exits and the transition and integration of operations. His work has also supported the enhancement of corporate governance across Ithmaar. Prior to this appointment he served as Head of Asset Management. In his new role Bucheerei will oversee strategic planning transformation programmes corporate development and business expansion. He will also lead digitization ensuring that technology and innovation continue to drive operational excellence and digital growth. Bucheerei holds a Master s degree in Financial Technology from the University of Strathclyde in the United Kingdom and a Bachelor of Science in Business Management (with a minor in Information Technology) from Bentley University in Boston USA.
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Ithmaar Bank B.S.C. (closed) a Bahrain-based Islamic retail bank announced the appointment of Mohamed Ahmed Bucheerei as Head of Strategy Transformation and Business Development reporting to Ithmaar Bank Chief Executive Officer Maysan Almaskati . Bucheerei s appointment comes at a pivotal time as Ithmaar Bank advances its comprehensive restructuring and transformation programme aimed at strengthening its business model optimizing capital and delivering on a clearly defined strategic roadmap. Since joining Ithmaar in 2020 he has demonstrated strong capabilities in strategy formulation restructuring and transformation contributing to noticeable improvements. With more than 18 years of experience in banking Bucheerei has contributed exceptionally to key strategic initiatives spanning capital restructuring strategic exits and the transition and integration of operations. His work has also supported the enhancement of corporate governance across Ithmaar. Prior to this appointment he served as Head of Asset Management. In his new role Bucheerei will oversee strategic planning transformation programmes corporate development and business expansion. He will also lead digitization ensuring that technology and innovation continue to drive operational excellence and digital growth. Bucheerei holds a Master s degree in Financial Technology from the University of Strathclyde in the United Kingdom and a Bachelor of Science in Business Management (with a minor in Information Technology) from Bentley University in Boston USA.
Ithmaar Bank B.S.C. (closed) a Bahrain-based Islamic retail bank reported profits for the first half of the year as it announced its financial results for the six-month period ended 30 June 2025. The announcement by Ithmaar Bank Chairman His Royal Highness Prince Amr Al Faisal follows the review and approval of the Board of Directors of the Bank s consolidated financial results. The results show a net profit attributable to equity holders of the Bank for the three-month period ended 30 June 2025 of BD1.47 million compared to the net profit of BD3.53 million reported for the same period in 2024. Total profit for the three-month period ended 30 June 2025 was BD3.33 million compared to a net profit of BD5.78 million for the same period in 2024 . The decrease is mainly due to reduced spreads in their overseas business resulting from the decreasing profit rate environment . The results also show a net profit attributable to equity holders for the six-month period ended 30 June 2025 of BD2.80 million compared to a net profit of BD7.78 million for the same period in 2024. Total profit for the six-month period ended 30 June 2025 was BD7.10 million compared to a net profit of BD13.52 million for the same period in 2024. On behalf of Ithmaar Bank Board of Directors I am pleased to announce that despite the challenging global economic situation the Bank continued to report profit for the half-year said HRH Prince Amr. This is due to the Bank s continuous efforts and focus to achieve further growth in its core Islamic banking business in Bahrain and Pakistan and further enhancing the value of its strategic investments he said. Ithmaar Bank s Chief Executive Officer Maysan Al Maskati stated that the financial results show that the Bank s efforts to continuously grow its core business and enhance its corporate customers Islamic banking experience had paid off . As a result of the Bank s continued efforts the liquidity position has also improved as reflected by an increase in its Liquidity Coverage Ratio (LCR) to 112 percent at 30 June 2025 from 104 percent at 31 December 2024 said Al Maskati. Furthermore the deposit mobilisation efforts have yielded positive results as the quasi-equity liabilities has crossed BD1 billion mark reaching BD1.07 billion at 30 June 2025 compared to BD0.96 billion at 31 December 2024 he said. Total owners equity increased to BD53.34 million as at 30 June 2025 a 5.5 percent increase from BD 50.54 million as at 31 December 2024.
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Ithmaar Bank B.S.C. (closed) a Bahrain-based Islamic retail bank reported profits for the first half of the year as it announced its financial results for the six-month period ended 30 June 2025. The announcement by Ithmaar Bank Chairman His Royal Highness Prince Amr Al Faisal follows the review and approval of the Board of Directors of the Bank s consolidated financial results. The results show a net profit attributable to equity holders of the Bank for the three-month period ended 30 June 2025 of BD1.47 million compared to the net profit of BD3.53 million reported for the same period in 2024. Total profit for the three-month period ended 30 June 2025 was BD3.33 million compared to a net profit of BD5.78 million for the same period in 2024 . The decrease is mainly due to reduced spreads in their overseas business resulting from the decreasing profit rate environment . The results also show a net profit attributable to equity holders for the six-month period ended 30 June 2025 of BD2.80 million compared to a net profit of BD7.78 million for the same period in 2024. Total profit for the six-month period ended 30 June 2025 was BD7.10 million compared to a net profit of BD13.52 million for the same period in 2024. On behalf of Ithmaar Bank Board of Directors I am pleased to announce that despite the challenging global economic situation the Bank continued to report profit for the half-year said HRH Prince Amr. This is due to the Bank s continuous efforts and focus to achieve further growth in its core Islamic banking business in Bahrain and Pakistan and further enhancing the value of its strategic investments he said. Ithmaar Bank s Chief Executive Officer Maysan Al Maskati stated that the financial results show that the Bank s efforts to continuously grow its core business and enhance its corporate customers Islamic banking experience had paid off . As a result of the Bank s continued efforts the liquidity position has also improved as reflected by an increase in its Liquidity Coverage Ratio (LCR) to 112 percent at 30 June 2025 from 104 percent at 31 December 2024 said Al Maskati. Furthermore the deposit mobilisation efforts have yielded positive results as the quasi-equity liabilities has crossed BD1 billion mark reaching BD1.07 billion at 30 June 2025 compared to BD0.96 billion at 31 December 2024 he said. Total owners equity increased to BD53.34 million as at 30 June 2025 a 5.5 percent increase from BD 50.54 million as at 31 December 2024.
Ithmaar Holding a Bahrain-based holding company that is licensed and regulated as an investment firm by the Central Bank of Bahrain (CBB) and listed on the Bahrain Bourse and Dubai Financial Market (Trading symbol: ITHMR) announced today (ed note 14/03/2024) the resignation of Mr. Abdulla Abdulaziz Taleb from his position as the Chief Executive Officer of Ithmaar Holding and its two wholly-owned subsidiaries Ithmaar Bank and IB Capital (together Ithmaar Group ). The Chairman of Ithmaar Group His Royal Highness Prince Amr Mohammed Al Faisal on behalf of the Board of Directors expressed their sincere appreciation to Mr. Taleb for his valuable contributions during the decade of his work wishing him continued success in his going forward career. Abdulla played a pivotal role in developing Ithmaar Holding and its subsidiaries into a high-profile high-value institutions said HRH Prince Amr. He has positively contributed to the Group transformation and he had successfully overcome challenging market conditions to deliver tremendous value. We are grateful for his contributions and wish him all the best he said. Mr. Taleb joined the group in 2014. Prior to his role as the Chief Executive Officer he held several senior positions at Ithmaar Bank and represented Ithmaar Group on various board membership both in Bahrain and abroad since 2016.
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Ithmaar Holding a Bahrain-based holding company that is licensed and regulated as an investment firm by the Central Bank of Bahrain (CBB) and listed on the Bahrain Bourse and Dubai Financial Market (Trading symbol: ITHMR) announced today (ed note 14/03/2024) the resignation of Mr. Abdulla Abdulaziz Taleb from his position as the Chief Executive Officer of Ithmaar Holding and its two wholly-owned subsidiaries Ithmaar Bank and IB Capital (together Ithmaar Group ). The Chairman of Ithmaar Group His Royal Highness Prince Amr Mohammed Al Faisal on behalf of the Board of Directors expressed their sincere appreciation to Mr. Taleb for his valuable contributions during the decade of his work wishing him continued success in his going forward career. Abdulla played a pivotal role in developing Ithmaar Holding and its subsidiaries into a high-profile high-value institutions said HRH Prince Amr. He has positively contributed to the Group transformation and he had successfully overcome challenging market conditions to deliver tremendous value. We are grateful for his contributions and wish him all the best he said. Mr. Taleb joined the group in 2014. Prior to his role as the Chief Executive Officer he held several senior positions at Ithmaar Bank and represented Ithmaar Group on various board membership both in Bahrain and abroad since 2016.
Ithmaar Bank a Bahrain-based Islamic retail bank has signed a memorandum of understanding (MoU) with Al Nasir Contracting to support the development of a Governmental social housing project. The MoU was signed by Ithmaar Bank Head of Corporate Banking Amr AlShaher and the Managing Director of Al Nasir Contracting Ammar Rajab at the Bank s headquarters in Seef Tower. We are pleased to announce the strategic partnership with Al Nasir Contracting which has become one of the prominent contracting companies in the Kingdom of Bahrain said AlShaher. This partnership reflects the Bank s commitment to provide banking solutions and services that meet the requirements of its corporate clients and enhance the Bank s involvement in government projects he said. Ithmaar Bank aims to play a pivotal role in ensuring sustainable development of social housing projects and in supporting its corporate clients to develop public real-estate projects that contribute to the growth of this vital sector in Bahrain said AlShaher. Through these partnerships we strengthen our support for our corporate clients by providing tailored banking solutions that enable them to expand deliver quality projects and achieve their business goals. Ithmaar Bank is one of the pioneering banks in Bahrain offering exceptional services tailored exclusively to companies and business owners said Rajab. This cooperation will enable us to continue delivering high-quality developments with the highest construction standards supporting government initiatives and contributing to the growth of the construction sector in the Kingdom .
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Ithmaar Bank a Bahrain-based Islamic retail bank has signed a memorandum of understanding (MoU) with Al Nasir Contracting to support the development of a Governmental social housing project. The MoU was signed by Ithmaar Bank Head of Corporate Banking Amr AlShaher and the Managing Director of Al Nasir Contracting Ammar Rajab at the Bank s headquarters in Seef Tower. We are pleased to announce the strategic partnership with Al Nasir Contracting which has become one of the prominent contracting companies in the Kingdom of Bahrain said AlShaher. This partnership reflects the Bank s commitment to provide banking solutions and services that meet the requirements of its corporate clients and enhance the Bank s involvement in government projects he said. Ithmaar Bank aims to play a pivotal role in ensuring sustainable development of social housing projects and in supporting its corporate clients to develop public real-estate projects that contribute to the growth of this vital sector in Bahrain said AlShaher. Through these partnerships we strengthen our support for our corporate clients by providing tailored banking solutions that enable them to expand deliver quality projects and achieve their business goals. Ithmaar Bank is one of the pioneering banks in Bahrain offering exceptional services tailored exclusively to companies and business owners said Rajab. This cooperation will enable us to continue delivering high-quality developments with the highest construction standards supporting government initiatives and contributing to the growth of the construction sector in the Kingdom .
Ithmaar Development Company (IDC) a specialised company in the development and management of major development real estate and other infrastructure projects and a wholly-owned subsidiary of Ithmaar Group announced the appointment of Nayef Nasser Alnasser as a Managing Director of IDC succeeding Mohammed Khalil Alsayed. The appointment of Alnasser reflects the Company s commitment to advancing its strategic plans and continuing to efficiently manage the Group s assets and real-estate development projects which in return will support the growth and accelerating expansion of the Company s real-estate portfolio. Alnasser has extensive experience and successful record of achievements in the sector enabling him to effectively lead the Company as a Managing Director. His strong track record in managing investments and diversity assets will contribute significantly to IDC s continued development in line with the Group s vision and future plans. Alnasser will lead the company s day-to-day operations support the execution of key projects and introduce new visions and initiatives that will drive the performance of the Company in line with the Group s long-term objectives. Alnasser will continue his role and responsibilities as Head of Asset and Remedial Management at Ithmaar Bank. IDC was established in 2007 to develop and manage major development real estate including Dilmunia a 1.25 million square metre manmade island off the coast of Bahrain.
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Ithmaar Development Company (IDC) a specialised company in the development and management of major development real estate and other infrastructure projects and a wholly-owned subsidiary of Ithmaar Group announced the appointment of Nayef Nasser Alnasser as a Managing Director of IDC succeeding Mohammed Khalil Alsayed. The appointment of Alnasser reflects the Company s commitment to advancing its strategic plans and continuing to efficiently manage the Group s assets and real-estate development projects which in return will support the growth and accelerating expansion of the Company s real-estate portfolio. Alnasser has extensive experience and successful record of achievements in the sector enabling him to effectively lead the Company as a Managing Director. His strong track record in managing investments and diversity assets will contribute significantly to IDC s continued development in line with the Group s vision and future plans. Alnasser will lead the company s day-to-day operations support the execution of key projects and introduce new visions and initiatives that will drive the performance of the Company in line with the Group s long-term objectives. Alnasser will continue his role and responsibilities as Head of Asset and Remedial Management at Ithmaar Bank. IDC was established in 2007 to develop and manage major development real estate including Dilmunia a 1.25 million square metre manmade island off the coast of Bahrain.
Ithmaar Bank B.S.C. (closed) a Bahrain-based Islamic retail bank announced the appointment of Mohamed Ahmed Bucheerei as Head of Strategy Transformation and Business Development reporting to Ithmaar Bank Chief Executive Officer Maysan Almaskati . Bucheerei s appointment comes at a pivotal time as Ithmaar Bank advances its comprehensive restructuring and transformation programme aimed at strengthening its business model optimizing capital and delivering on a clearly defined strategic roadmap. Since joining Ithmaar in 2020 he has demonstrated strong capabilities in strategy formulation restructuring and transformation contributing to noticeable improvements. With more than 18 years of experience in banking Bucheerei has contributed exceptionally to key strategic initiatives spanning capital restructuring strategic exits and the transition and integration of operations. His work has also supported the enhancement of corporate governance across Ithmaar. Prior to this appointment he served as Head of Asset Management. In his new role Bucheerei will oversee strategic planning transformation programmes corporate development and business expansion. He will also lead digitization ensuring that technology and innovation continue to drive operational excellence and digital growth. Bucheerei holds a Master s degree in Financial Technology from the University of Strathclyde in the United Kingdom and a Bachelor of Science in Business Management (with a minor in Information Technology) from Bentley University in Boston USA.
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Ithmaar Bank B.S.C. (closed) a Bahrain-based Islamic retail bank announced the appointment of Mohamed Ahmed Bucheerei as Head of Strategy Transformation and Business Development reporting to Ithmaar Bank Chief Executive Officer Maysan Almaskati . Bucheerei s appointment comes at a pivotal time as Ithmaar Bank advances its comprehensive restructuring and transformation programme aimed at strengthening its business model optimizing capital and delivering on a clearly defined strategic roadmap. Since joining Ithmaar in 2020 he has demonstrated strong capabilities in strategy formulation restructuring and transformation contributing to noticeable improvements. With more than 18 years of experience in banking Bucheerei has contributed exceptionally to key strategic initiatives spanning capital restructuring strategic exits and the transition and integration of operations. His work has also supported the enhancement of corporate governance across Ithmaar. Prior to this appointment he served as Head of Asset Management. In his new role Bucheerei will oversee strategic planning transformation programmes corporate development and business expansion. He will also lead digitization ensuring that technology and innovation continue to drive operational excellence and digital growth. Bucheerei holds a Master s degree in Financial Technology from the University of Strathclyde in the United Kingdom and a Bachelor of Science in Business Management (with a minor in Information Technology) from Bentley University in Boston USA.
Ithmaar Bank B.S.C. (closed) a Bahrain-based Islamic retail bank reported profits for the first half of the year as it announced its financial results for the six-month period ended 30 June 2025. The announcement by Ithmaar Bank Chairman His Royal Highness Prince Amr Al Faisal follows the review and approval of the Board of Directors of the Bank s consolidated financial results. The results show a net profit attributable to equity holders of the Bank for the three-month period ended 30 June 2025 of BD1.47 million compared to the net profit of BD3.53 million reported for the same period in 2024. Total profit for the three-month period ended 30 June 2025 was BD3.33 million compared to a net profit of BD5.78 million for the same period in 2024 . The decrease is mainly due to reduced spreads in their overseas business resulting from the decreasing profit rate environment . The results also show a net profit attributable to equity holders for the six-month period ended 30 June 2025 of BD2.80 million compared to a net profit of BD7.78 million for the same period in 2024. Total profit for the six-month period ended 30 June 2025 was BD7.10 million compared to a net profit of BD13.52 million for the same period in 2024. On behalf of Ithmaar Bank Board of Directors I am pleased to announce that despite the challenging global economic situation the Bank continued to report profit for the half-year said HRH Prince Amr. This is due to the Bank s continuous efforts and focus to achieve further growth in its core Islamic banking business in Bahrain and Pakistan and further enhancing the value of its strategic investments he said. Ithmaar Bank s Chief Executive Officer Maysan Al Maskati stated that the financial results show that the Bank s efforts to continuously grow its core business and enhance its corporate customers Islamic banking experience had paid off . As a result of the Bank s continued efforts the liquidity position has also improved as reflected by an increase in its Liquidity Coverage Ratio (LCR) to 112 percent at 30 June 2025 from 104 percent at 31 December 2024 said Al Maskati. Furthermore the deposit mobilisation efforts have yielded positive results as the quasi-equity liabilities has crossed BD1 billion mark reaching BD1.07 billion at 30 June 2025 compared to BD0.96 billion at 31 December 2024 he said. Total owners equity increased to BD53.34 million as at 30 June 2025 a 5.5 percent increase from BD 50.54 million as at 31 December 2024.
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Ithmaar Bank B.S.C. (closed) a Bahrain-based Islamic retail bank reported profits for the first half of the year as it announced its financial results for the six-month period ended 30 June 2025. The announcement by Ithmaar Bank Chairman His Royal Highness Prince Amr Al Faisal follows the review and approval of the Board of Directors of the Bank s consolidated financial results. The results show a net profit attributable to equity holders of the Bank for the three-month period ended 30 June 2025 of BD1.47 million compared to the net profit of BD3.53 million reported for the same period in 2024. Total profit for the three-month period ended 30 June 2025 was BD3.33 million compared to a net profit of BD5.78 million for the same period in 2024 . The decrease is mainly due to reduced spreads in their overseas business resulting from the decreasing profit rate environment . The results also show a net profit attributable to equity holders for the six-month period ended 30 June 2025 of BD2.80 million compared to a net profit of BD7.78 million for the same period in 2024. Total profit for the six-month period ended 30 June 2025 was BD7.10 million compared to a net profit of BD13.52 million for the same period in 2024. On behalf of Ithmaar Bank Board of Directors I am pleased to announce that despite the challenging global economic situation the Bank continued to report profit for the half-year said HRH Prince Amr. This is due to the Bank s continuous efforts and focus to achieve further growth in its core Islamic banking business in Bahrain and Pakistan and further enhancing the value of its strategic investments he said. Ithmaar Bank s Chief Executive Officer Maysan Al Maskati stated that the financial results show that the Bank s efforts to continuously grow its core business and enhance its corporate customers Islamic banking experience had paid off . As a result of the Bank s continued efforts the liquidity position has also improved as reflected by an increase in its Liquidity Coverage Ratio (LCR) to 112 percent at 30 June 2025 from 104 percent at 31 December 2024 said Al Maskati. Furthermore the deposit mobilisation efforts have yielded positive results as the quasi-equity liabilities has crossed BD1 billion mark reaching BD1.07 billion at 30 June 2025 compared to BD0.96 billion at 31 December 2024 he said. Total owners equity increased to BD53.34 million as at 30 June 2025 a 5.5 percent increase from BD 50.54 million as at 31 December 2024.
Ithmaar Holding a Bahrain-based holding company that is licensed and regulated as an investment firm by the Central Bank of Bahrain (CBB) and listed on the Bahrain Bourse and Dubai Financial Market (Trading symbol: ITHMR) announced today (ed note 14/03/2024) the resignation of Mr. Abdulla Abdulaziz Taleb from his position as the Chief Executive Officer of Ithmaar Holding and its two wholly-owned subsidiaries Ithmaar Bank and IB Capital (together Ithmaar Group ). The Chairman of Ithmaar Group His Royal Highness Prince Amr Mohammed Al Faisal on behalf of the Board of Directors expressed their sincere appreciation to Mr. Taleb for his valuable contributions during the decade of his work wishing him continued success in his going forward career. Abdulla played a pivotal role in developing Ithmaar Holding and its subsidiaries into a high-profile high-value institutions said HRH Prince Amr. He has positively contributed to the Group transformation and he had successfully overcome challenging market conditions to deliver tremendous value. We are grateful for his contributions and wish him all the best he said. Mr. Taleb joined the group in 2014. Prior to his role as the Chief Executive Officer he held several senior positions at Ithmaar Bank and represented Ithmaar Group on various board membership both in Bahrain and abroad since 2016.
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Ithmaar Holding a Bahrain-based holding company that is licensed and regulated as an investment firm by the Central Bank of Bahrain (CBB) and listed on the Bahrain Bourse and Dubai Financial Market (Trading symbol: ITHMR) announced today (ed note 14/03/2024) the resignation of Mr. Abdulla Abdulaziz Taleb from his position as the Chief Executive Officer of Ithmaar Holding and its two wholly-owned subsidiaries Ithmaar Bank and IB Capital (together Ithmaar Group ). The Chairman of Ithmaar Group His Royal Highness Prince Amr Mohammed Al Faisal on behalf of the Board of Directors expressed their sincere appreciation to Mr. Taleb for his valuable contributions during the decade of his work wishing him continued success in his going forward career. Abdulla played a pivotal role in developing Ithmaar Holding and its subsidiaries into a high-profile high-value institutions said HRH Prince Amr. He has positively contributed to the Group transformation and he had successfully overcome challenging market conditions to deliver tremendous value. We are grateful for his contributions and wish him all the best he said. Mr. Taleb joined the group in 2014. Prior to his role as the Chief Executive Officer he held several senior positions at Ithmaar Bank and represented Ithmaar Group on various board membership both in Bahrain and abroad since 2016.
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