Ithmaar Bank hosts University of Texas, Austin MBA students
MANAMA, BAHRAIN – 22 April 2008 – Ithmaar Bank hosted a seminar for visiting MBA students from the University of Texas at Austin. Senior management team members spoke to them about the Kingdom of Bahrain’s banking sector, the Islamic finance industry and the Bank’s own activities. The presentation, held at the Bank’s headquarters in the Seef District, was delivered by Ithmaar Bank Managing Director, Group Business Development Shaikh Salman bin Ahmad Al Khalifa, Managing Director, Private Equity Andrew Pocock and Director, Private Equity Yara Faraj.
“We were very pleased by the interest and feedback we received from the delegation. The students were visiting Bahrain to learn more about how business is conducted in this part of the world. Intellectual exchanges of this nature help us to create awareness of the banking industry in the Middle East and raise the Kingdom’s image as the banking and finance centre of the region. We hope that this will be the start of a long-term relationship with the university,” said Shaikh Salman.
About Ithmaar Bank:
Ithmaar Bank B.S.C. is licensed by the Central Bank of Bahrain and listed on the Bahrain Stock Exchange (“ITHMR”). It has a paid-up capital of $543.6 million, total equity of $1.3 billion and is a full investment bank with its direct business covering the Middle East and North Africa (MENA) region, as well as South Asia, Asia-Pacific and Europe. Besides holding significant investments in the banking, financial services and real estate sectors in different markets, the main direct activities of the Bank include underwriting (equity and other financings), private equity (structuring, participation and portfolio management), Islamic financing and advisory services covering project financing, investments, capital markets and mergers & acquisitions.
Ithmaar Bank’s flagship subsidiaries and associates include Shamil Bank of Bahrain, Solidarity (an Islamic insurance company, headquartered in Bahrain), Faisal Private Bank (Switzerland), Faysal Bank Limited (Pakistan), First Leasing Bank and Ithmaar Development Company.
For more information on Ithmaar Bank, please visit the Bank’s website at www.ithmaarbank.com
About the Ithmaar banking group:
The Ithmaar banking group consists of: Ithmaar Bank, Shamil Bank, Solidarity (an Islamic insurance company, headquartered in Bahrain), Faisal Private Bank (Switzerland), Faysal Bank Limited (Pakistan), First Leasing Bank and Ithmaar Development Company. The group’s services, including investment, private, retail, and commercial banking, private equity, mergers & acquisition advice, takaful, equipment leasing, and real estate development, form a 360 degrees value chain that embraces the entire spectrum of banking and financial services.