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Ithmaar Bank names chief executive [Gulf Daily News (Bahrain)]
[January 19, 2014]

Ithmaar Bank names chief executive [Gulf Daily News (Bahrain)]

(Gulf Daily News (Bahrain) Via Acquire Media NewsEdge) MANAMA: The appointment of Ahmed Abdul Rahim as the Ithmaar Bank chief executive was announced yesterday.

Mr Rahim has been the bank's acting chief executive since September last year.

The announcement follows the approval of both the Ithmaar Bank board as well as the Central Bank of Bahrain.

"Ahmed 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," Ithmaar Bank chairman Prince Amr Al Faisal said.

"He has held several key positions at Ithmaar Bank, both before and after its reorganisation in 2010 including with its then wholly-owned subsidiary, Shamil Bank," said Prince Amr.

"In each role, despite challenging local, regional and international conditions, he has demonstrated exceptional commitment and delivered well beyond expectations." The chief executive said he was confident of leading the bank's executive management team into the next phase of growth, with the guidance of the board as well as the Sharia Supervisory Board.

"I am certain that, together, we will be able to realise the aspirations of the bank's shareholders and other stakeholders while continuing to deliver an ever improving banking experience for our customers," he said.

Mr Rahim is a seasoned banker with a 35-year banking career.

In his role as the Ithmaar Bank general manager for retail banking, he led a dramatic growth in the bank's core retail banking business with a more than 130 per cent surge in new customer relationships following Ithmaar Bank's 2010 reorganisation.

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