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TMCNet:  Ahmed Abdul Rahim named Ithmaar CEO [Daily Tribune (Bahrain)]

[January 19, 2014]

Ahmed Abdul Rahim named Ithmaar CEO [Daily Tribune (Bahrain)]

(Daily Tribune (Bahrain) Via Acquire Media NewsEdge) Ithmaar Bank Chairman, Prince Amr Al Faisal, announced yesterday the appointment of Ahmed Abdul Rahim as the bank's Chief Executive Officer. Mr.Rahim was previously the bank's Acting Chief Executive Officer since September 2013. "I am pleased to name Ahmed the Ithmaar CEO," said Prince Amr. "He has, in many ways and over many years, played an instrumental role in developing the Ithmaar Bank success story, and I am confident that, in his new role, he will lead the Bank to even greater success," he said. The announcement was made following an approval of both the Ithmaar Bank Board of Directors as well as the Central Bank of Bahrain. The Chairman said that both himself and the Board are confident about Mr.Rahim's capabilities to develop the bank into a leading Islamic banking organisation. "The Board of Directors and I are confident that Ahmed will play a key role in leading Ithmaar Bank towards becoming the region's premier Islamic retail bank," said Prince Amr. "His successful banking career, his intimate understanding of Ithmaar Bank and, in particular, his experience and expertise in retail banking, make him the ideal candidate for leading Ithmaar Bank's executive management through the next phase of growth," he said. "I am grateful to the Chairman and the members of the Ithmaar Bank Board of Directors for their support," said Mr.Rahim. "I am confident that, with the guidance of the Board of Directors as well as that of the Sharia Supervisory Board, we will continue to work towards realising our shared vision of becoming the region's premier Islamic retail bank," he said.

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