Ithmaar Bank inaugurates new Main Branch, exclusively for corporate and SME customers

Ithmaar Bank inaugurates new Main Branch, exclusively for corporate and SME customers

MANAMA, BAHRAIN – Ithmaar Bank, a Bahrain-based Islamic bank, inaugurated today (ed note: 05/07/22) its new Main Branch, exclusively for businesses and corporate customers.

The inauguration follows days after the Central Bank of Bahrain (CBB), the Kingdom’s banking and financial services regulator, published its approval of the transfer of all Ithmaar Bank’s banking business related to individual customers to Al Salam Bank.

The new Ithmaar Bank Main Branch, located on the ground floor of Seef Tower, was inaugurated by Central Bank of Bahrain Executive Director - Banking Supervision, Khalid Hamad Al-Hamad, in the presence of the Ithmaar Bank Chief Executive, Ahmed Abdul Rahim, Ithmaar Bank Deputy Chief Executive Abdul Hakeem Al Mutawa, and Ithmaar Bank General Manager, Business Banking Group, Abdulla Abdulaziz Talib, as well as other bank executives and key corporate customers.

“This is an important milestone in our transformation into an exclusively corporate-focused Islamic bank,” said Abdul Rahim. “The inauguration of the new Ithmaar Bank Main Branch marks the start of one of the most significant transformations in our fourty-year history, and builds on our rich history of innovation as one of the region’s Islamic banking pioneers,” he said.

“We are excited to start this new, promising chapter of growth, and look