Ithmaar Bank B.S.C - Company Capsule by ICDResearch

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									Ithmaar Bank B.S.C

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Ithmaar Bank B.S.C - Company Capsule

Reference Code: FS0268CC
Published Date: April 2011




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Ithmaar Bank B.S.C - Company Capsule                                                Page 1
Ithmaar Bank B.S.C

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Ithmaar Bank B.S.C - Company Overview

Ithmaar Bank B.S.C. (Ithmaar) is a financial services company based in Bahrain. Ithmaar engages in the provision of
banking products and services such as underwriting, private equity, advisory services, project financing and investments,
and private banking. The company offers services in the field of investment banking, private equity, mergers and
acquisitions, business development and private banking. Its subsidiaries include the Shamil Bank, Faisal Private Bank
(FPB), Faysal Bank Limited (FBL), Solidarity Group, First Leasing Bank (FLB) and Ithmaar Development Company. The
company gives its subsidiaries and associates all the necessary backing and support to facilitate their operations and
develop their services. The company is headquartered in Manama, Bahrain.


Financial Performance

The company reported revenue of US$336.938 million during the fiscal year ended December 31, 2009. The company's
revenue decline at a compounding rate of 17.28% during the period 2007-2009 with an annual decline of 27.65% over
fiscal year 2008. During the fiscal year 2009, its operating margin was -77.12% as against an operating margin of 18.91%
in fiscal year 2008. During the fiscal year 2009, the company registered a net margin of -69.74% as against a net margin
of 4.75% in the fiscal year 2008.




Ithmaar Bank B.S.C - Key Facts

Ithmaar Bank B.S.C, Key Facts

                                  10th Floor, Addax Tower,
                                                                      Ticker Symbol, Stock       ITHMR (Bahrain Stock
Corporate Address:                Manama, , , Bahrain                                            Exchange)
                                                                      Exchange



Telephone                          + 973 17 584000                    No. of Employees           248



Fax                                + 973 17 584017                    Financial Year End         December



URL                               www.ithmaarbank.com                 Revenue (in USD Million)   336.94



Industry                          Construction , Financial Services



Locations                         Bahrain, Kuwait, Qatar, United Arab Emirates

Source: Annual Report, Company Website, Primary and Secondary Research




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Ithmaar Bank B.S.C - Company Capsule                                                                                    Page 2
Ithmaar Bank B.S.C

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Ithmaar Bank B.S.C - Major Products and Services

Ithmaar Bank B.S.C. engages to offer a wide range of financial and investment services in accordance with Islamic Sharia
principals. The key products and services include the following:

Ithmaar Bank B.S.C, Major Products and Services
Products:

Investment products

Services:

Investment Banking:

Underwriting (Equity and Other Financing)

Private Equity (Structuring, Partcipation and Fund Management)

Advisory Service (Capital Market and Mergers and Acquisitions)

Project Financing and Investments

Islamic Finance:

Debt Advisory

Debt Arrangements

Debt Capital Markets

Project Financing and Investments

Private Equity:

Investment Structuring, Underwriting & Participation

Fund Development, Underwriting & Management

Wealth Management services

Mergers & Acquisitions advisory services
Source: Annual Report, Company Website, Primary and Secondary Research




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Ithmaar Bank B.S.C - Company Capsule                                                                            Page 3
Ithmaar Bank B.S.C

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Ithmaar Bank B.S.C - Key Competitors

The following companies are the major competitors of Ithmaar Bank B.S.C:

BMB Investment Bank BSC

National Bank of Bahrain BSC

Securities and Investment Company BSC

Esterad Investment Company BSC

Gulf Finance House BSC




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Ithmaar Bank B.S.C - Company Capsule                                                Page 4
Ithmaar Bank B.S.C

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Ithmaar Bank B.S.C - Key Employees


Ithmaar Bank B.S.C, Key Employees


          Name                                Job Title                     Board Level     Since   Age


Abdelhameed          Abou
                              Director                                Non Executive Board
Moussa

Abdul Hakim Khalil Al- Managing Director, Private Banking and
                                                              Senior Management
Mutawa                 Wealth Management


Ahmed Abdul Rahim             Chief Operating Officer                 Senior Management     2008


Amr M. Al Faisal              Chairman                                Non Executive Board   2009


                              Managing Director - Mergers and
Carolyn Prowse                                                        Senior Management
                              Acquisitions


Khalid Abdulla-Janahi         Vice Chairman                           Executive Board       2009


Khalil Nooruddin              Director                                Non Executive Board


Michael P. Lee                Director                                Executive Board


Mohamed Hussain               Chief Executive Officer, Director       Executive Board       2009


Mohammed A. Rahman
                   Director                                           Non Executive Board
Bucheerei

Nabeel Khaled Mohamed
                      Director                                        Non Executive Board
Kanoo

                              Managing Director, Chief Financial
Ravindra Khot                                                         Senior Management     2007
                              Officer

                              General Counsel and Company
Scott A. Creswell                                                     Senior Management     1997
                              Secretary

Sheikh       Mohammed
                      Director                                        Non Executive Board
Youseef El-Khereiji

Sheikha Hissah Bint Saad
                         Director                                     Non Executive Board
Al-Sabah

Tawfiq Mohammed         Al-
                              Managing Director, Chief Risk Officer   Senior Management
Bastaki


Bin Tunku Abdullah            Director                                Non Executive Board


Zamil Abdullah Al-Zamil       Director                                Non Executive Board

Source: Annual Report, Company Website, Primary and Secondary Research




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Ithmaar Bank B.S.C - Company Capsule                                                                  Page 5
Ithmaar Bank B.S.C

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Ithmaar Bank B.S.C - Locations and Subsidiaries

Head Office

Ithmaar Bank B.S.C
10th Floor, Addax Tower
Manama
Bahrain
Tel: + 973 17 584000
Fax: + 973 17 584017



Other Locations & Subsidiaries


								
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