Ithmaar Bank BSC

Ithmaar Bank BSC

Ithmaar Bank BSC

Date Founded



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

Type of Company



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.

In The News
Global Banking News
May 14, 2018
-Ithmaar Bank to launch new eBanking services
Global Banking News
January 29, 2018
-Ithmaar Bank plans aggressive Pakistan expansion
CPI Financial
January 14, 2018
CBB approves Ithmaar's Dubai listing
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

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.

Fund Advisor at Faysal Bank Ltd. (Investment Management)

Chairman at Integrated Property Investments Ltd.

Former Chief Executive Officer & Director at Ithmaar Bank BSC

Non-Independent Executive Director at MAA Group Bhd.

Director & Executive Vice President at Zamil Group Holding Co.

Senior General Manager at Kanoo Travel

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Ithmaar Bank BSC
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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First Leasing Bank BSC provides lease financing and banking services. It also offers market solutions. The firm serves the telecommunications, information technology, industry and construction, and healthcare industry. The company is headquartered in Manama, Bahrain.