Board of Directors

Non-Executive Chairman

HRH Prince Amr has more than 30 years of extensive and diversified experience in commercial and investment banking, executive management, architecture and engineering.

He is Chairman of the Board of Supervisors of Dar Al-Maal Al-Islami Trust (DMIT), and Chairman of Ithmaar Bank, Faisal Islamic Bank (Sudan) and Faisal Islamic Bank of Egypt. HRH Prince Amr is also Founder and Director of Red Sea Design Consultants (Jeddah), and Chairman of the Board of Directors of Al Daleel Company for Information Systems (headquartered in Jeddah with sister companies in Tunisia, Sudan and Pakistan).

He is a Fellow of the Saudi Association for Construction Societies, City Development and Clean Environment and a Member of the Saudi Council of Engineers.

HRH Prince Amr holds a Bachelor of Arts Degree in Architecture from King Abdulaziz University, Saudi Arabia.

 

Amr Mohammed Al Faisal

Chairman

Independent, Non-Executive Board Member

Tunku Dato’ Yaacob Khyra holds a Bachelor of Science (Hons) Degree in Economics and Accounting from City University, London, and is a member of the Ithmaar Bank Board of Directors. An accountant by training, he is a Fellow of the Institute of Chartered Accountants in England & Wales (ICAEW) and a member of the Malaysian Institute of Accountants (MIA). Tunku is also a Certified Financial Planner (CFP) and is a member of the Financial Planning Association of Malaysia (FPAM).

Tunku started his career as an auditor with Price Waterhouse in London and Kuala Lumpur (from 1982 to 1987). He later joined Malaysian Assurance Alliance Berhad which, under his leadership, became the leading locally owned life and non-life insurance company in Malaysia. Tunku later established MAA Takaful Berhad, which became the leading Islamic family and general insurance institution in Malaysia.

Currently, Tunku is the executive chairman of Malaysian listed companies, MAA Group Berhad, Melewar Industrial Group Berhad, and Mycron Steel Berhad. He is also a board member of Khyra Legacy Berhad, Yayasan Khyra Berhad, Melewar Equities Sdn Bhd and several other private companies. He also sits on the board of directors of Altech Chemicals Limited (listed in Australia), and Turiya Berhad (listed in Malaysia).

Tunku is the founder and chairman for The Budimas Charitable Foundation (Budimas) and MAA Medicare Charitable Foundation (MAA Medicare). Budimas is a non-government charity, established in 1998 that provide financial support for orphans and underprivileged children in Malaysia. MAA Medicare is a non-government charity, established in 1994, that provide nationwide dialysis treatment and support for underprivileged kidney patients, and also operates a Cardiac Diagnostic Centre for underprivileged patients, in Malaysia.

 

Tunku Yaacob Khyra

Independent, Non-Executive Board Member

Independent, Non-Executive Board Member

Sheikh Al-Zamil is a prominent businessman in the Kingdom of Saudi Arabia and in other countries in the GCC region, and has  years of experience in managing business activities in various sectors. He is a member of the Ithmaar Bank Board of Directors. He is also Executive Vice-President of Zamil Group Holdings Company and serves as the Chairman of Zamil Offshore Services Co. and Zamil Operations and Maintenance Co. Ltd.

Educated in the United States, he has a BS degree in Petroleum Engineering from the University of Southern California (USC) and an MS degree in the same major from West Virginia University, USA.

Sheikh Zamil Abdullah Al-Zamil

Independent, Non-Executive Board Member

Executive Board Member

Mr. Aboumousa has more than 49 years of diversified banking and finance experience.

He is a member of the Dar Al-Maal Al-Islami Trust (DMIT) Board of Supervisors and a member of the Ithmaar Bank Board of Directors.

He is currently Governor of Faisal Islamic Bank of Egypt, which he joined in 1979. Prior to joining Faisal Islamic Bank of Egypt, Mr. Aboumousa worked at the Central Bank of Egypt (CBE) for 17 years. He is Head of the Egyptian–Saudi Business Council, and is also a Member of the General Assembly of Misr Insurance Holding Company, Egypt.

Mr. Aboumousa is a Member of the Board of Faisal Islamic Bank of Sudan, Momtalakat for Insurance in Egypt, Ayadi for Investment and Development in Egypt, Midor for Electricity – MIDALIC – Egypt, and Awqaf Properties Investment Fund (APIF) – Islamic Development Bank (IDB) – Jeddah. He is also Chairman of International Company for Leasing S.A.E. (Incolease) in Egypt, and Deputy Chairman of the General Council for Islamic Banks and Financial Institutions (CIBAFI). Mr. Aboumousa is also a member of the Advisory Committee of ARMILA Fund, Milan, Italy, and a member of the Advisory Committee of ANASTASIA Fund, Milan, Italy.

He holds a Bachelor’s degree in Accounting from the Faculty of Commerce, Cairo University, Egypt, and a diploma in Finance, also from Cairo University.

 

Abdelhamid Mohamed Aboumousa

Executive Board Member

Executive Board Member

Mr. Bucheerei has more than 50 years of experience in Accounting and Commercial and Offshore Banking. He was Chief Executive Officer of Ithmaar Bank from 12 July, 2010 to 31 August, 2013, and has been a Member of the Ithmaar Bank Board of Directors since March 2010. Mr. Bucheerei is also a member of the Board of Directors of IB Capital and Group Chief Executive Officer of Dar Al-Maal Al-Islami Trust (DMIT). Previously, he served as the General Manager of the Private Offices of HRH Prince Mohammed Al Faisal Al Saud, Saudi Arabia, and Executive Vice-President, Shamil Bank of Bahrain.

He is Chairman of MFAI (Jersey) Limited, Faisal Finance Maroc S.A., Faisal Private Bureau, DMI Administrative Services, Ithmaar Development Company, and NASEEJ Rabat.

He is a member of the Board of Directors of the Islamic Investment Company of the Gulf (Bahamas) Limited, Faysal Bahamas Limited, Gulf Investors Asset Management Company J.S.C. Closed, DMI NV, Faisal Finance Luxembourg and Shamil Finance Luxembourg.

He studied accounting, mathematics and economics at Gulf Polytechnic, Bahrain.

 

Mohammed A. Rahman Bucheerei

Executive Board Member

Independent, Non-Executive Board Member

Mr. Al-Qassimi has more than 35 years of diversified management experience. He is a member of the Ithmaar Bank and the IB Capital Boards of Directors.

His previous positions including being Chief Executive of Tamkeen (the Labour Fund), from which he resigned in May 2010; Deputy Chief Executive Officer of the Labour Fund Project at the Bahrain Economic Development Board; Assistant Undersecretary for Training at the Bahrain Ministry of Labour and Social Affairs; and Director of Engineering and Maintenance at the Bahrain Ministry of Health. He has also served as the Chairman of the Bahrain Qualifications Framework Steering Committee, and the Steering Committee of Career Expo, and was a Board member of the Bahrain Society of Engineers and the Bahrain Consumer Protection Society.

He is currently a member of the Board of Directors of Solidarity Group Holding, Naseej, Faysal Bank Limited (Pakistan); and Saudi Solidarity Takaful Co. (KSA), as well as a member of the Board of Trustees of Arabian Pearl Gulf School. Mr. Al-Qassimi holds a BSc in Civil Engineering from Queen Mary College, University of London, UK; a MSc in Health Facility Planning from the University of North London, UK, and a Diploma in Health Care Management from the Royal College of Surgeons in Ireland, Bahrain.

 

Abdulellah Ebrahim Al-Qassimi

Independent, Non-Executive Board Member

Non-Executive Board Member

Mr. Ali has more than 50 years of experience in financial and general management in development as well as commercial and investment banking in Africa, the Middle East and Europe. He is a member of the Ithmaar Bank Board of Directors and the Board of Supervisors of Dar Al-Maal Al-Islami Trust (DMIT).

Mr. Ali is Founder and Chairman of the Board of Directors of Quadron Investments Co. Ltd. (Sudan) and Integrated Property Investments (United Kingdom and Tanzania). Previously, Mr. Ali served at DMIT where he was Chief Executive Officer and Chief Operating Officer from 1986 to 1999 and, before that, Executive Vice-President, Finance and Vice-President in charge of Internal Audit from 1983 to 1986.

Prior to his DMIT appointments, Mr. Ali was Director of Finance and Chief Financial Officer at the Arab Authority for Agricultural Investment and Development (Sudan). He has served in the African Development Bank for ten years and his last post there was CFO of the Bank. He has also served with the Arab Fund for Economic and Social Development and the Arab Authority for Agriculture and Investment where he was also the CFO. He has served these two institutions for seven years.

Mr. Ali is a Certified Accountant, Leeds College of Commerce, UK, and a Fellow of the Association of Chartered Certified Accountants.

 

Omar Abdi Ali

Non-Executive Board Member

Independent, Non Executive Board Member

Dr. Bouresli, formerly the Kuwait Minister of Commerce and the Minister of Planning and Development Affairs, has more than 30 years of experience in training, consulting and banking. Dr. Bouresli is the Chairperson of the IB Capital Board of Directors, and a member of the Ithmaar Bank and Faisal Islamic Bank of Egypt Board of Directors.

She is currently a Professor of Finance at Kuwait University’s College of Business Administration, and her research interests include Capital Markets Regulations, Corporate Governance and Strategic Planning. Dr. Bouresli is also a Member at the Board of Trustees at Kuwait Transparency Association for the Anti-Corruption Award for the Public Sector in Kuwait. She earned the 2018 Kuwaiti Economic Researcher Award sponsored by the Central Bank of Kuwait. Also, she earned the Middle East Excellence Award in business administration and economics for her contributions toward the development of the capital market structure and regulation in Kuwait. She is the founder of the Governance Excellency Prize.

Prior to her ministerial appointments, Dr. Bouresli was the Chairwoman and Founder of Capital Standards Rating Co., the first independent credit rating agency in Kuwait, from 2009 to 2011; a Board Member at Burgan Bank, Kuwait, from 2010 to 2011; and Head of the Capital Market Authority Project from 2006 to 2007. Dr. Bouresli, who has many published works in refereed journals as well as in specialised books and magazines, began her banking career at the National Bank of Kuwait in 1987, and her teaching career at Kuwait University in 1988.

Dr. Bouresli holds a BC in Finance and Banking from Kuwait University, Kuwait; an MBA from Seattle University, USA; and a PhD in Finance from Southern Illinois University at Carbondale, USA.

 

Dr. Amani Khaled Bouresli

Independent, Non-Executive Board Member

Non-Executive Board Member

Appointed 16 October 2017

Sheikh Elkhereiji has more than 41 years of diversified banking and management experience.

He is a member of the Ithmaar Bank Board of Directors. Sheikh Elkhereiji is the Chairman of many companies in Saudi Arabia, including Elkhereiji Group Holding Co., Hal International Company and S.A. Elkhereiji Real Estate Limited Company. Sheikh Elkhereiji is a member in the Board of Supervisors of Dar Al-Maal Al-Islami Trust, and is the Vice Chairman of the Board of Directors of Yanbu Cement Company (Saudi Arabia) as well as the Worldcare International Company (United States of America). Sheikh Elkhereiji is also a member of the Board of Directors of Faisal Islamic Bank of Egypt. Previously, Sheikh Elkhereiji was the Ex-Chairman of Faisal Investment Bank (Bahrain). He holds a Bachelor’s degree in Law from Cairo University, Egypt, a Diploma in Change Management from Harvard, USA, and a Diploma in Marketing Management from the International Marketing Institute, Cambridge in USA.

 

Sheikh Mohamed Abdullah Abdelkarim Elkhereiji

Non Executive Board Member

Non-Executive Board Member

Ms Hasan, who has more than thirty years of diversified experience in the financial services industry, is a member of the Ithmaar Bank and the IB Capital Boards of Directors.

She is currently Chairwoman of Taaheal Healthcare and an Advisor on Business and Corporate Strategy, as a well as a Board Member of Mumtalakat, Solidarity Group Holding – Bahrain and BNP Paribas Investment Company – Saudi Arabia. A leading businesswoman in the Kingdom of Bahrain, Ms Hasan was the first female partner at PricewaterhouseCoopers in the Middle East region. She was voted one of the Most Influential Women in the Middle East by Forbes Magazine, and earned the Euro Money Award for Islamic Assurance Advisory Services.

Ms Hasan was previously a Board Member of the Bahrain Economic Development Board (EDB), Tamkeen, BBK, the Bahrain Real Estate Investment Company (EDAMAH), and the University of Bahrain, as well as a member of both the Women Empowerment Economic Committee of the Supreme Council for Women and the Planning and Follow-up Committee of the Bahrain Business Women’s Society. She was the Country Senior Partner at PricewaterhouseCoopers in Bahrain until June 2010, and was the financial services leader for PricewaterhouseCoopers Middle East until June 2007. While at PricewaterhouseCoopers, Ms Hasan worked extensively with Islamic institutions since the early eighties.

Ms Hasan qualified as Certified Public Accountant in 1986 and is a member of the American Institute of Certified Public Accountants.

 

Elham Ebrahim Abdulla Hasan

Non Executive Board Member