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Private Banking

Ithmaar Bank’s Private Banking Department serves high net worth individuals, family investment offices, corporate entities and Financial Institutions situated in those regions. The Department the provides personalised and private banking services, financial advice, and investment services for high net worth clients and institutions through a close understanding of clients’ needs and an ability to meet these needs proactively.
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Ithmaar Premier

A banking experience like no other. Celebrate your achievements with a banking experience suited to your level of success. Introducing Ithmaar Premier Banking. More than just a superior bank account, Ithmaar Premier delivers a full compliment of products and services to cover all your financial requirements, with enhanced features and privileges that match your status.
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Board of Directors

HRH Prince Amr Mohammed Al Faisal

Chairman

HRH Prince Amr has more than 28 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 (DMI Trust), Faisal Islamic Bank (Sudan) and Faisal Islamic Bank (Egypt). HRH Prince Amr is also Founder and Director of the Red Sea Design Consultants (Jeddah), Chairman of the Board of Directors of 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. He is a Fellow of the Saudi Association for Construction Societies, City Development and Clean Environment and a Member of the Saudi Council of Engineers. HRH Prince Amr holds a Bachelor of Arts Degree in Architecture from King Abdulaziz University, Saudi Arabia.

Sheikh Zamil Abdullah Al-Zamil

Independent, Non Executive Board Member

Sheikh Al-Zamil is a prominent businessman in the Kingdom of Saudi Arabia and in GCC countries, and has more than 36 years of experience in managing business activities in various sectors. He is Executive Vice-President of Zamil Group Holdings Company and serves as the Chairman of Zamil Offshore Services Co. and Zamil Operations and Maintenance Co. Ltd. Sheikh Al-Zamil is actively involved in various institutions such as the Chambers of Commerce, industrial companies and banks in his capacity as a Director. Educated in the United States, he has BS degree in Petroleum Engineering from the University of Southern California (USC) and an MS degree in the same major from West Virginia University, USA.

Abdelhamid Mohamed Aboumousa

Executive Board Member

Mr. Aboumousa has more than 47 years of banking experience. He is Governor of Faisal Islamic Bank of Egypt, which he joined in 1979. Prior to joining Faisal Islamic Bank of Egypt, Mr. Aboumousa worked in the Central Bank of Egypt for 16 years. He is a Member of the General Assembly of Misr Holding Company for Insurance - Egypt, and is also Head of the Egyptian–Saudi Business Council. He holds a Bachelor of Science Degree in Accounting and a Diploma in Finance from Cairo University in Egypt, and a Higher Diploma in Economics from Lwegi Boconi University in Milano, Italy.

Mohammed A. Rahman Bucheerei

Executive Board Member

Mr. Bucheerei has more than 46 years of experience in Accounting, Commercial and Offshore Banking. He was Chief Executive Officer of Ithmaar Bank from 12 July, 2010 to 31 August, 2013, and has been a Member of the Ithmaar Bank Board of Directors since March 2010. He is also a Member of the Bank’s Executive Committee. Previously, Mr. Bucheerei served as the General Manager of the Private Offices of HRH Prince Mohamed Al Faisal Al Saud, Saudi Arabia, and Executive Vice-President, Shamil Bank of Bahrain. He currently serves on the Boards of Islamic Investment Company of the Gulf (Bahamas and Sharjah) Limited, Faysal Bahamas Limited, Crescent International Limited (Bermuda), DMI (Jersey) Limited, MFAI (Jersey) Limited, Gulf Investors Asset Management Company (Saudi Arabia), Cantara S.A. (Switzerland) and Overland Capital Group, USA. He studied accounting, mathematics and economics at Gulf Polytechnic, Bahrain.

Nabeel Khaled Mohamed Kanoo

Independent, Non Executive Board Member

Mr. Kanoo has more than 18 years of business and management experience. He is Director of Public Relations and Marketing of YBA Kanoo as a group, a Director of YBA Kanoo’s Saudi Arabia Board, a Director of YBA Kanoo’s Bahrain Board, a Director of Kanoo Travel Co. UK and France, and a Director of Kanoo and El-Shabrawy Ltd. Co. Egypt. Mr. Kanoo holds a Bachelor of Business Management Degree from St. Edwards University, Austin, Texas.

Abdulellah Ebrahim Al-Qassimi

Independent, Non Executive Board Member

Mr. Al-Qassimi has more than 33 years of diversified management experience. His previous positions include Chief Executive of Tamkeen (the Labour Fund), from which he resigned in May 2010; Deputy Chief Executive Officer of the Labour Fund Project at the Bahrain Economic Development Board; Assistant Undersecretary for Training at the Bahrain Ministry of Labour and Social Affairs; and Director of Engineering and Maintenance at the Bahrain Ministry of Health. He has also served as the Chairman of the Bahrain Qualifications Framework Steering Committee; and the Steering Committee of Career Expo; and was a Board member of the Bahrain Society of Engineers and the Bahrain Consumer Protection Society. He is currently a Member of the Board of Solidarity Group Holding B.S.C. (c); Naseej B.S.C. (c); Faysal Bank Limited (Pakistan); Saudi Solidarity Takaful Co. (KSA) and Al Ahlia Insurance Co., as well as a member of the Board of Trustees of Arabian Pearl Gulf School. Mr. Al-Qassimi holds a BSc in Civil Engineering from Queen Mary College, University of London, UK; a MSc in Health Facility Planning from the University of North London, UK, and a Diploma in Health Care Management from the Royal College of Surgeons in Ireland, Bahrain.

Omar Abdi Ali

Non Executive Board Member

Mr. Ali has more than 48 years of experience in financial and general management in development as well as commercial and investment banking in Africa, the Middle East and Europe. He is Founder and Chairman of the Board of Directors of Quadron Investments Co. Ltd. (Sudan) and Integrated Property Investments (United Kingdom and Tanzania). Previously, Mr. Ali served at Dar Al Maal Al Islami Trust (DMI – Trust) where he was Chief Executive Officer and Chief Operating Officer from 1986 to 1999 and, before that, Executive Vice-President Finance and Vice-President in charge of Internal Audit from 1983 to 1986. Prior to his DMI appointments, Mr. Ali was Director of Finance and Chief Financial Officer at the Arab Authority for Agricultural Investment and Development (Sudan). He is currently a member of the Board of directors of Faisal Islamic Bank of Egypt and serves as chairman of the Audit and Risk Committees of the Board. He has served in the African Development Bank for ten years and his last post there was CFO of the Bank. He has also served in the Arab Fund for Economic and Social Development and the Arab Authority for Agriculture and Investment where he was also the CFO. He has served these two institutions for seven years. Mr. Ali is a Certified Accountant, Leeds College of Commerce, UK, and a Fellow of the Association of Chartered Certified Accountants. .

Dr. Amani Khaled Bouresli

Independent,Non Executive Board Member

Dr. Bouresli, formerly the Kuwait Minister of Commerce and Planning and Development and, before that, Minister of Commerce and Industry, has almost 30 years of experience in training, consulting and banking. She is currently Professor of Finance at the Kuwait University’s College of Business Administration, and her research interests include Capital Markets Regulations, Corporate Governance and Strategic Planning. Dr. Bouresli is also a Member at the Board of Trustees at Kuwait Transparency Association for the Anti-Corruption Award for the Public Sector in Kuwait. She earned the Middle East Excellence Award in business administration and economics for her contributions toward the development of the capital market structure and regulation in Kuwait. She is the founder of the Governance Excellency Prize. Prior to her ministerial appointments, Dr. Bouresli was Chairman and Founder of Capital Standards Rating Co., the first independent credit rating agency in Kuwait, from 2009 to 2011; a Board Member at Burgan Bank, Kuwait, from 2010 to 2011; and Head of the Capital Market Authority Project from 2006 to 2007. Dr. Bouresli, who has many published work in refereed journals as well as in specialised books and magazines, began her banking career at the National Bank of Kuwait in 1987, and her teaching career at Kuwait University in 1988. Dr. Bouresli holds a BC in Finance and Banking from Kuwait University, Kuwait; an MBA from Seattle University, USA; and a PhD in Finance from Southern Illinois University at Carbondale, USA. .

Abdulshakoor Hussain Tahlak

Independent,Non Executive Board Member

Mr. Tahlak has more than 36 years of experience in the United Arab Emirates public and private sectors. He is currently a private consultant to the UAE Minister of State for International Cooperation, and ambassador for Expo 2020 after he resigned as Senior Executive Vice President at Emirates NBD following the Emirates NBD 2007 merger between the National Bank of Dubai (NBD) and Emirates Bank International (EBI). He is currently a board member of the World Union of Arab Bankers in Beirut. Mr. Tahlak has held various management and banking positions including Chairman of NBD Islamic Finance “Al Watani Al Islami”, Chairman of Abu Dhabi Investment House, Board member of Industrial Bank in Emirates, Board member of Emirates NBD Securities, Board member of Emirates NBD Investment, and Board member of UAE Banks Federation. He built and developed strong relationships between banks and across official and government entities, and contributed to developing expertise within the UAE banking industry. He also played a major role in developing banking and financial system in the UAE and was a member of various committees at the Central Bank as well as several councils at universities and colleges that worked to address local market requirements, and develop the UAE banking system. Prior to his banking career, Mr. Tahlak served in the UAE Ministry of Foreign Affairs as Head of the International Organization Desk, Diplomatic Department. During his diplomatic career, he joined several official delegations and attended international sessions and meetings. He also participated in several regional and international conferences, and was delegated for short periods to work with the United Nations. .

Sheikh Mohamed Abdullah Abdelkarim Elkhereiji

Non Executive Board Member

Sheikh Elkhereiji has more than 40 years of diversified banking and management experience. Sheikh Elkhereiji is the chairman of many companies in Saudi Arabia, including Elkhereiji Holding Group, Dar for International Food and Bakery and Abdulla Elkhereiji Sons Real Estate Company. Sheikh Elkhereiji is a member in the Board of Supervisors of Dar Al-Maal Al-Islami Trust, and is a member of the Board of Directors of Yanbu Cement Company (Saudi Arabia) as well as the Worldcare International Company (United States of America). Sheikh Elkhereiji is also a member of the Foreign Relations Committee of the Jeddah Chamber of Commerce, a member in the Honorary Advisory Council for the Environment and a member of the Board of Directors of Bayan Educational Institution. Previously, Sheikh Elkhereiji was the chairman of Faisal Investment Bank (Bahrain). He holds a Bachelor degree in Law from Cairo University, Egypt, a Diploma in Change Management from Harvard, USA, and a Diploma in Marketing Management from the International Marketing Institute, Cambridge in USA.

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