Ibdar Bank welcomes new board members

Ibdar Bank recently named a new board of directors that will serve the Islamic investment and financial institution for the next three years.

"On behalf of Ibdar Bank I'd like to express our gratitude to the outgoing board for their efforts and guidance over the past three years and I warmly welcome the new board of Ddrectors," Ibdar Bank Acting CEO Ahmed Al-Rayes said. "The management of the bank looks forward to working with them in order to build upon our strengths and achievements and to ensure meeting the shareholders expectation and creating value for all stakeholders."

The board will be lead by Chairman Tareq Sadeq, who is the managing director of Keystone Consulting and is also a board member of Ahli United Bank Kuwait. Former Bank of Bahrain and Kuwait CEO and current Nassej Co. Vice Chairman Abdulkarim Ahmed Bucheery has been named Ibdar Bank's vice chairman.

The rest of the new board members are: Abdulaziz Hassan Al Afaleq, CEO and board member of Al-Kifah Holding Co.; Ahmed Ebrahim Al Balooshi, CEO of Smarteam Consultancy and Bahrain Telecommunications Co. board member; Ebrahim Husain Al Jassmi, board member of Bahrain Islamic Bank and Takaful International Co.; Hamad Mohammed Al-Sejari, assistant VP of KFH Capital's DCM Department; Jamal Abdulla Al Saleem, EVP of the Privatization Holding Co. in Kuwait and board member of Kuwait Investment Co.; Jasem Al-Yaseen, executive manager of treasury sales at Kuwait Finance House; Khalid Mohammed Al Maarafi, chairman of Al Enmaá House for Real Estate and head of Kuwait Finance House Bahrain's retail banking group; and Mohamed Nooruddin, chairman of Newbury Investments and Tadhamon Capital board member.