MANAMA, BAHRAIN – 14 March 2024 – Ithmaar Holding, a Bahrain-based holding company that is licensed and regulated as an investment firm by the Central Bank of Bahrain (CBB) and listed on the Bahrain Bourse and Dubai Financial Market (Trading symbol: ITHMR) announced today (ed note 14/03/2024) the resignation of Mr. Abdulla Abdulaziz Taleb from his position as the Chief Executive Officer of Ithmaar Holding and its two wholly-owned subsidiaries, Ithmaar Bank and IB Capital (together, “Ithmaar Group”).

The Chairman of Ithmaar Group, His Royal Highness Prince Amr Mohammed Al Faisal, on behalf of the Board of Directors, expressed their sincere appreciation to Mr. Taleb for his valuable contributions during the decade of his work, wishing him continued success in his going forward career.

“Abdulla played a pivotal role in developing Ithmaar Holding and its subsidiaries, into a high-profile, high-value institutions,” said HRH Prince Amr. “He has positively contributed to the Group transformation, and he had successfully overcome challenging market conditions to deliver tremendous value. We are grateful for his contributions and wish him all the best,” he said.

Mr. Taleb joined the group in 2014. Prior to his role as the Chief Executive Officer, he held several senior positions at Ithmaar Bank and represented Ithmaar Group on various board membership both in Bahrain and abroad since 2016.