Ithmaar Holding Appoints New CEO with Extensive Banking Experience

Ithmaar Holding B.S.C. has announced a significant leadership change with the appointment of Mr. Maysan Faisal Almaskati as the new Chief Executive Officer, effective June 11, 2024.

Ithmaar Holding Appoints New CEO with Extensive Banking Experience

Summary

Ithmaar Holding B.S.C. has appointed Mr. Maysan Faisal Almaskati as the new CEO. With over 24 years of experience in investment and banking, Almaskati's leadership is expected to steer Ithmaar Holding and its subsidiaries, Ithmaar Bank and IB Capital, towards new strategic directions.

Ithmaar Holding B.S.C., a prominent investment firm regulated by the Central Bank of Bahrain and listed on both the Bahrain Bourse and Dubai Financial Market, has announced a pivotal leadership change. On June 11, 2024, the Board of Directors disclosed the appointment of Mr. Maysan Faisal Almaskati as the new Chief Executive Officer of Ithmaar Holding and its wholly-owned subsidiaries, Ithmaar Bank and IB Capital.

Mr. Almaskati steps into his new role with a wealth of experience, having previously served as the Assistant General Manager of the Business Banking Group at Ithmaar Bank. His impressive career spans over 24 years in investment and banking, which equips him with the expertise and strategic vision necessary to lead the company into its next phase of growth.

The appointment has been approved by the Central Bank of Bahrain, ensuring that the transition adheres to regulatory standards and maintains the company's commitment to robust governance. This leadership change is anticipated to bring a fresh perspective to Ithmaar Holding's operations, potentially enhancing its market position and operational efficiency.

Ithmaar Holding's core activities include managing its affiliated companies, offering loans and financing, investing in various securities, and owning necessary real estate and intellectual property. With Mr. Almaskati at the helm, the company is poised to leverage his extensive background in business banking to optimize these activities and explore new investment opportunities.

Investors and stakeholders will be keenly observing how Mr. Almaskati's strategic initiatives unfold and impact the company's financial health. Given his track record and deep understanding of the banking sector, there is cautious optimism about potential positive developments under his leadership.

For those holding shares in Ithmaar Holding, the appointment of a seasoned CEO like Mr. Almaskati could signal stability and a renewed focus on growth. However, it is essential for investors to remain vigilant and monitor how the new leadership's strategies translate into tangible financial performance.

Source

Appointment of a CEO

Summary

Ithmaar Holding B.S.C. has announced the appointment of Mr. Maysan Faisal Almaskati as the new Chief Executive Officer of Ithmaar Holding and its two wholly-owned subsidiaries, Ithmaar Bank and IB Capital. This appointment has received approval from the Central Bank of Bahrain. Prior to this role, Mr. Almaskati served as Assistant General Manager of the Business Banking Group at Ithmaar Bank and has over 24 years of experience in investment and banking.

Related articles