Ithmaar Holding, a Bahrain-based holding company that is licensed and regulated as an investment firm by the Central Bank of Bahrain (CBB) and listed on the Bahrain Bourse and Dubai Financial Market, announced yesterday the resignation of Abdulla Taleb from his position as the chief executive of the company and its two wholly-owned subsidiaries, Ithmaar Bank and IB Capital (together, Ithmaar Group).
Ithmaar Group chairman Prince Amr Mohammed Al Faisal, on behalf of the board of directors, expressed their sincere appreciation to Mr Taleb for his valuable contributions during the decade of his work, wishing him continued success in his career.
“Abdulla played a pivotal role in developing Ithmaar Holding and its subsidiaries into high-profile, high-value institutions,” said Prince Amr.
“He has positively contributed to the group transformation, and he had successfully overcome challenging market conditions to deliver tremendous value. We are grateful for his contributions and wish him all the best,” he said.
Mr Taleb joined the group in 2014. Prior to his role as the chief executive, he held several senior positions at Ithmaar Bank and represented Ithmaar Group on various boards, both in Bahrain and abroad, since 2016.
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