Ithmaar Bank BSC

Ithmaar Bank BSC

Ithmaar Bank BSC

Overview
Date Founded

1984

Headquarters

Seef Tower, Building 2080,Road 2825,Al-Seef District 428,Manama, Capital Governorate

Type of Company

Private

Industries

Retail & Commercial Banking
Holding Companies
Trusts & Funds

Company Description

Ithmaar Bank BSC engages in the provision of financial services, including retail, commercial, investment banking, private banking, takaful, equipment leasing and real estate development. It operates through the following segments: Retail and Corporate banking, Trading Portfolio, and Asset management/Investment Banking. The Retail and Corporate banking segment receives customer funds and deposits and extends financing to its retail and corporate clients. The Trading Portfolio segment trades in equity deals, foreign exchange and other transactions with the objecting of realizing short-term gains. The Asset Management/Investment Banking participates in investment opportunities. The company was founded on August 13, 1984 and is headquartered in Manama, Bahrain.

Executives & Employees

Chief Financial Officer & Assistant GM

General Manager, Head-Retail & Private Banking

GM, Corporate Banking

AGM-Head, Financial Institutions

General Manager & Head-Banking Operations, Information Technology & Administration

Head-Information Technology & Assistant GM

Head, Remedial Management

Head, Asset Management

Assistant General Manager & Head, Retail Banking

Assistant General Manager, Head-Information Technology

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Board of Directors

Founder at Red Sea Bureau For Engineering Consultancy

Group Chief Executive Officer at Dar Al-Maal Al-Islami Trust

Governor & Director at Faisal Islamic Bank of Egypt

Executive Chairman at Melewar Industrial Group Bhd.

Chairman at Integrated Property Investments Ltd.

Fund Advisor at Faysal Bank Ltd. (Investment Management)

Former Chief Executive Officer & Director at Ithmaar Bank BSC

Director & Executive Vice President at Zamil Group Holding Co.

Senior General Manager at Kanoo Travel

Non-Independent Non-Executive Director at Melewar Industrial Group Bhd.

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Recent Transactions
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Ithmaar Bank BSC purchases First Leasing Bank BSC from Gulf Finance House (Private Equity)

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Faysal Bank Ltd., Ithmaar Bank BSC purchase RBS Pakistan from RFS Holdings NV

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Ithmaar Bank BSC purchases BBK BSC

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Investments
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First Leasing Bank is a Bahrain-based Wholesale Bank, incorporated under a license granted by the Central Bank of Bahrain. First Leasing Bank (FLB) is the first bank in Bahrain dedicated to the introduction and expansion of equipment leasing throughout the Gulf Cooperation Council (GCC) countries. The Bank conducts both government and commercial transactions in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.First Leasing Bank's shareholders and management team have a unique combination of experiences, background, and financial acumen. First Leasing Bank presents the Gulf with an unequalled combination of local knowledge and international experience in lease-financing for transactions of US$500,000 and above. More than just a leasing company; First Leasing Bank is a provider of high-quality asset-based financing. The Bank structures a range of products and services for lessees and vendor partners. FLB provides solutions for most asset classes including industrial, manufacturing, medical, printing and publishing, construction, telecommunications, IT, transportation, marine and special purpose real estate.

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