12 Oct 2013

MANAMA, BAHRAIN – 12 October 2013 – Ithmaar Bank Acting Chief Executive Officer, Ahmed Abdul Rahim, announced today (ed note: 12/10/13) three key appointments.

Abdul Rahim appointed Abdul Hakeem Al-Mutawa as General Manager, Head of Retail and Private Banking, Abdul Rahman Al-Shaikh as General Manager, Head of Banking Operations, Information Technology and Administration, and Taimour Raouf as Senior Manager, Head of Marketing and Corporate Communications.

“The appointments are well earned promotions for three of Ithmaar’s key executives and underscores the Bank’s focus on further developing its core retail and commercial banking business,” said Abdul Rahim. “On behalf of the Ithmaar Bank Executive Management team, I congratulate Abdul Hakeem, Abdul Rahman and Taimour on their appointments and wish them continued success. I am confident that they will make major contributions towards further developing the Bank,” he said.

“Ithmaar Bank is committed to realising its board-approved vision of becoming the region’s premier Islamic retail bank,” said Abdul Rahim. “To do so, we invest heavily in continuously developing our products and services but we recognise that our people are our greatest asset and that, ultimately, they drive the Bank’s continued success. These key promotions reward excellence and reinforce the Bank’s long-standing commitment to performance-based recognition,” he said.

Al-Mutawa, who prior to his latest appointment, was Assistant General Manager, Head of Private Banking, joined Ithmaar Bank in January 2003 and has more than 31 years of experience while Al-Shaikh, who was Assistant General Manager, Head of Banking Operations, joined the Bank in August 1991 and has more than 40 years of experience, and Raouf, who was Senior Manager Corporate Communications and Public Relations, joined the Bank in August 2008 and has more than 16 years of experience.

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