Ithmaar Bank

Ithmaar Bank was incorporated in the Kingdom of Bahrain on 13 August 1984 under the name of Faysal Investment Bank of Bahrain EC (FIBEC). Until 2003, FIBEC was a wholly-owned subsidiary of Shamil Bank with an investment banking license granted by the BMA and engaged in acting as a manager of funds deposited for investment in accordance with the Sharia.

In October 2003, Ithmaar acquired certain investments from DMI. Through its purchase, Ithmaar indirectly acquired a 49% interest in Faisal Finance (Switzerland) SA and a 28% interest in Faysal Bank Limited of Pakistan.

In addition, Ithmaar purchased on the same date DMI's 40% interest in Solidarity Company BSC for a total consideration of USD 40 million and its 23% interest in Faisal Islamic Bank of Egypt for USD 34.125 million.
More about the company
Address: Floor 10, Addax Tower PO Box 2820 , Manama, BAHRAIN

Faysal Investment Bank of Bahrain

Joint stock

13 August 1984

Public

973 17584000

973 17584017

info@ithmaarbank.com

www.ithmaarbank.com

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Officers »
Board of Directors Position
Tunku Dato Yaacob Bin Tunku Abdullah
Board Member
Abdelhameed Abou Moussa
Board Member
Mohamed Bin Saif Al Mezrouei
Board Member
Hissah Bint Saad Al Sabah
Board Member
Mohammed Youseef Elkhereiji
Board Member
   
Management Position
Michael P. Lee
Chief Executive Officer
Ravindra Khot
Chief Financial Officer
Carolyn Prowse
Managing Director - Mergers and Acquisitions
Salman Bin Ahmad Al Khalifa
Managing Director - Business Development
Andrew Pocock
Managing Director - Private Equity
View all
Major Shareholders
Name Country
Shamil Bank
Bahrain
Barwa Real Estate Company
Qatar
Islamic Investment Company of Gulf
UAE
Dar Al Maal Al Islami Trust
Switzerland
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