04/10/2017 05:34 AST

ITHMAAR Bank, a Bahrain-based Islamic retail bank, announced Tuesday the promotion of two key members of its management team and the appointment of a third.

Abdulla Abdulaziz Ali Taleb was promoted to Assistant General Manager, Head of the Commercial and Financial Institutions department; Ahmed Fareed Saud Buqais was promoted to Senior Manager and assigned Head of Information Technology (IT) Infrastructure and Operations in the IT department; and Rashed Ahmed Rashed Almuawada was appointed as a Manager Information Security and Compliance, Risk Management department.

Ithmaar Bank Chief Executive Officer Ahmed Abdul Rahim, congratulated the employees and said the announcement is in-line with the bank’s long-standing commitments to reinforcing its merit-based culture and to developing its national workforce.

“Ithmaar Bank recognizes its employees as its greatest asset, and we have long maintained that, ultimately, it is our people who drive our growth and continued success,” said Abdul Rahim. “As a result, we work to continuously enhance our well established performance-focused culture of equal opportunity,” he said.

“These latest promotions and appointment underscore how seriously we take these commitments, and I wish Abdulla, Ahmed and Rashed continued success in the careers,” said Abdul Rahim. “I am confident that, with their contributions, the Bank will continue to grow towards our shared vision of becoming the region’s premier Islamic retail bank,” he said.

“As a pioneering Islamic retail bank, Ithmaar Bank has also long-recognized the important role we must play in contributing to the development of Bahrain’s Islamic banking industry,” said Abdul Rahim. “This includes continuously developing our own national workforce through various training opportunities,” he said.


Saudi Gazette

Ithmaar’s achievement paving way for group’s transformation

27/03/2018

Ithmaar Holding B.S.C. hosted on Monday its Annual General Meeting (AGM) and the consolidated financial statements for 2017 were approved. The meeting was chaired by Ithmaar Chairman Prince Amr Al F

Saudi Gazette

Ithmaar eyes return to sustainable profitability

27/03/2018

Ithmaar Holding hosted its Annual General Meeting (AGM) where its consolidated financial statements for 2017 were approved. The meeting was chaired by Ithmaar chairman, Prince Amr Al Faisal, and atte

Gulf News

Ithmaar Holding swings into net loss in 2017

27/02/2018

Ithmaar Holding said it swung into a net loss in 2017 even as total income fell.

The company reported a net loss of $72.40 million (Dh266 million) in 2017 compared to net profit of $13.80 m

Gulf News

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683
DARALARKAN 13.47 74,648,349
ITHMR Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
GFH 0.36 0.00 (0.00%)
ABC 0.30 -0.01 (-1.64%)
INVCORP 8.95 0.00 (0.00%)
BARKA 0.35 0.00 (0.00%)
TAIB 2.74 0.00 (0.00%)
SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News