Friday, 09 January 2009 | 16:58 UAE time
COMPANIES
Ithmaar Bank
- 0.06 Last
- -0.00 (-4.76%) Today's Change
- 80,000 Volume
- 0.06-0.22 52 Week Range
- -0.16 (-72.97%) 52 Week Change
COMPANY DESCRIPTION
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.
KEY INFORMATION
Industry
Asset Management, Investment Banks, Investment Companies, Investment Funds
Address
Floor 10, Addax Tower, 2820 , Manama, Bahrain
T
973 17584000
F
973 17584017
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 13 Aug 1984 | - |
MAJOR SHAREHOLDERS
| Name | Country |
|---|---|
| Barwa Real Estate Company | Qatar |
| Dar Al Maal Al Islami Trust | Switzerland |
| Islamic Investment Company of Gulf | UAE |
| Shamil Bank | Bahrain |
PORTFOLIO
| Name | Country |
|---|---|
| Bank of Bahrain and Kuwait | Bahrain |
| CITIC International Assets Management | Hong Kong |
| Ethraa Capital | Saudi Arabia |
| Faisal Private Bank | Switzerland |
| Faysal Bank | Pakistan |
| Faysal Finance - Netherlands | Netherlands |
| Faysal Finance | USA |
| First Leasing Bank | Bahrain |
| Ithmaar Development Company | Bahrain |
| Ithraa Financial Company | Saudi Arabia |
| Ithraa | Saudi Arabia |
| Naseej Company | Bahrain |
| Rayten Holdings | USA |
| Serai Group | Bahrain |
| Shamil Bank | Bahrain |
| Solidarity | Bahrain |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Khalid Abdulla Janahi | Chairman |
| Tunku Dato Yaacob bin Tunku Abdullah | Board Member |
| Abdelhameed Abou Moussa | Board Member |
| Mohamed bin Saif Al Mezrouei | Board Member |
| Sheikha Hissah bint Saad Al Sabah | Board Member |
| Mohammed Youseef Elkhereiji | Board Member |
| Farook Bengali | Board Member |
| Khalil Nooruddin | Board Member |
| Ziad Hasan Rawashdeh | Board Member |
| Graham Roderick Walker | Board Member |
| Kenneth C. Borda | Board Member |
| Michael P. Lee | Board Member |
| MANAGEMENT | Position |
| Michael P. Lee | Chief Executive Officer |
| Ravindra Khot | Chief Financial Officer |
| Carolyn Prowse | Managing Director - Mergers and Acquisitions |
| Shaikh Salman bin Ahmad Al Khalifa | Managing Director - Business Development |
| Andrew Pocock | Managing Director - Private Equity |
| Masoud Tyabji | Managing Director - Islamic Finance |
| Mohammed Khan Hoti | Managing Director - Investment |
| Ahmad A. Rahim | Managing Director - Ithmaar Group Support |
| Graham Roderick Walker | Finance Director |
| Jassim Abdulkarim Salman | Executive Director - Information Technology & Operations |
| Michael McKinlay | Executive Director - Private Equity |
| Maysan Faisal Al Maskati | Executive Director - Private Equity Group |
| Nayla A. Ashgharali | Director - Compliance |
| Luis Maronese | Director - Public Relation & Communications |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Senior Cost Controller, Qatar, Qatar
- Management Accounts Manager, Abu Dhabi, UAE
- Manager Products- Banking, UAE, UAE
- Head Group Financing Department, UAE, UAE
- Head of Treasury, UAE, UAE
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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