Thursday, September 24, 2020

Ithmaar Bank Announces Deputy CEO Appointments

Ithmaar Bank, a Bahrain-based Islamic retail Bank, announced today (ed note: 07/11/17) the promotion of its two most senior executives to the post of Deputy Chief Executive, and named Abdulhakeem Khalil Al Mutawa Deputy Chief Executive Officer – Banking Group, and Ravindra Anant Khot Deputy Chief Executive Officer – Support Group.

The announcement, by the Ithmaar Group Chief Executive Officer, Ahmed Abdul Rahim, is in-line with the Bank’s long-standing commitments to reinforcing its merit-based culture, promoting from within and developing its entire workforce, including the leadership.

Abdul Rahim congratulated Al Mutawa and Khot and wished them both continued success in helping lead the Bank to further growth.

“This is an exciting time for Ithmaar as we work to turn the Bank around and prepare for future opportunities,” said Abdul Rahim. “Our continued success as an organization is determined, to a very large extent, by the quality of our people and I am pleased to note that we have such remarkable talents, at all levels, on board and helping lead the way forward,” he said.

“The promotions of both Abdulhakeem and Ravindra and their appointments to the key posts of Deputy Chief Executive Officer – Banking Group, and Deputy Chief Executive Officer – Support Group, respectively, reflect the tremendous contributions they have already made to Ithmaar’s success as well as to the increasingly important roles they will play in future,” said Abdul Rahim. “I am grateful for their support and valuable contributions over the years, and confident that their contributions will continue to increase in the execution of the Bank’s strategy,” he said.

 

Prior to his appointment as Deputy Chief Executive Officer – Banking Group, Al Mutawa, who joined the group in 2003, was the Ithmaar Bank General Manager, Banking Group, since September 2013. He has more than 35 years of management and banking experience and has held other senior positions at Ithmaar Bank, including Assistant General Manager, Head of Private Banking. Al Mutawa holds an MBA from the University of Bahrain and a Bachelor degree in engineering from the University of Texas at Austin.

 

Prior to his appointment as Deputy Chief Executive Officer – Support Group, Khot, who joined the Group in 2007, was the Ithmaar Bank Chief Operating Officer since September 2013. He has more than 31 years of banking and finance experience and has held other senior positions at Ithmaar Bank, including Chief Financial Officer. Khot is a Fellow Chartered Accountant (FCA), the Institute of Chartered Accountants of India, and holds a Bachelor of Commerce, (Financial Accounting) from the University of Mumbai, India.

MOST READ

HM King’s humanitarian initiatives lauded by Sudan’s foreign minister

Sudan’s Acting Foreign Minister Omar Qamar Al Din Ismail has praised the support of His Majesty the King to Sudan in various circumstances and...

BD 150,000 ‘Shop & Win’ anniversary bonanza

Lulu Hypermarket is celebrating its 13th anniversary of being a retail leader in the Kingdom of Bahrain with a grand ‘Shop and Win’ e-raffle...

Gulf Air Appoints Bahraini Country Manager in Kuwait

Gulf Air, the national carrier of the Kingdom of Bahrain, announces that it has appointed Mr. Mohamed Ibrahim Al Hamer as a Country Manager...

Batelco Launches Unlimited Business Mobile Packages

Batelco has unveiled its latest business mobile packages in a complete refresh of its existing packages, targeted at business customers including entrepreneurs, SMEs and...

Health Ministry: target of 6000 volunteers reached

A total of 6000 people hailing from different nationalities have volunteered for the phase III COVID-19 vaccine clinical trials. The Ministry of Health has announced...

The Avenues-Bahrain 3rd Year Anniversary Celebration

The Avenues-Bahrain is celebrating its 3rd year anniversary since opening its doors to the public on the 29th of October 2017. The Avenues –...

stc Bahrain, the first telecom operator in Bahrain to offer Roadside Assistance and Home Assistance services

stc Bahrain, a world-class digital enabler, is the first telecom operator in Bahrain to venture into Roadside Assistance and Home Assistance services, expanding its...

Loan payment deference to help citizens, SMEs

The banks’ response to defer loan payments until the end of the year is a continuation of the initiatives in the financial and economic...

HH Shaikh Nasser bin Hamad receives INJAZ Bahrain Board Chairperson

Representative of His Majesty the King for Humanitarian Work and Youth Affairs His Highness Shaikh Nasser bin Hamad Al Khalifa received Board Chairperson of...

Driver License and Vehicle Certificates Can Now Be Issued Via Bahrain.bh!

Having earlier introduced a number of traffic services such as Payment of Traffic Conventions and Issuance of International Driving Licenses, the National Portal bahrain.bh...

KHK MMA dominates at BRAVE CF 41 with four huge victories

BRAVE Combat Federation hosted the first of three groundbreaking events last Thursday in the Kingdom of Bahrain, with seven bouts taking place behind closed...

Gulf Air Resumes Direct Flights to Dhaka

Gulf Air, the national carrier of the Kingdom of Bahrain, announces that it has resumed its direct flights to and from Dhaka’s Hazrat Shahjalal...

Health Minister urges compliance to reduce COVID-19 infections

Health Minister Faeqa bint Said Al-Saleh urged full compliance with the mandatory precautionary measures to curb the spread of the novel coronavirus (COVID-19). She called...

Kdan Mobile’s DottedSign Includes AATL Certificates to Ensure Users the Highest Level of Electronic Signature Process

Kdan Mobile Software Ltd., a global software as a service (SaaS) company, has announced that its e-signature service DottedSign now includes a digital identity...

Carrefour Bahrain Introduces ‘Click and Collect’: The Latest Innovation for Faster and More Flexible Online Shopping

Carrefour, operated by Majid Al Futtaim in the Kingdom of Bahrain, is introducing Click and Collect, a new service that will give online shoppers...