MANAMA: The Ithmaar Bank board of directors, during a meeting held at the bank’s headquarters in Bahrain, elected Prince Amr Mohammed Al-Faisal as chairman of the board and Khalid Abdulla-Janahi as executive vice chairman in line with the bank’s commitment to the international corporate governance best practice.
The board of directors also established a group executive management committee to be chaired by the executive vice chairman.
Prince Amr has more than 24 years of extensive and diversified experience in commercial and investment banking, executive management, architecture and engineering. He is a member of the board of supervisors of Dar Al-Maal Al-Islami Trust, Faisal Islamic Bank (Sudan) and Faisal Islamic Bank (Egypt), and chairman of the board of directors of Al-Daleel Information Systems. Prince Amr is also founder and director of the Red Sea Bureau for Engineering Consultancy (Jeddah), Al-Daleel Company for Information Systems (headquartered in Jeddah with sister companies in Tunisia, Sudan and Pakistan), Al-Wadi Company for Trading Ltd. (Jeddah) and Amr Establishment for Marketing and Commerce.
At the meeting, the Ithmaar board of directors also reviewed progress made by the reorganization steering committee on plans for the comprehensive reorganization of Ithmaar Bank with its wholly-owned subsidiary, Shamil Bank.
