Ibdar Bank Appoints Ahmed Mostafa as New CFO

Press release
Published November 14th, 2017 - 10:01 GMT
Ahmed Mostafa, Chief Financial Officer, Ibdar Bank
Ahmed Mostafa, Chief Financial Officer, Ibdar Bank
Ibdar Bank, the Bahrain based wholesale Islamic investment bank, has announced the appointment of Ahmed Mostafa as Chief Financial Officer (CFO) of the bank.
Mostafa has been with the bank since 2005, prior to the merger of Elaf, Capivest and Capital Management House which made Ibdar Bank one of the largest investment banks in Bahrain. The bank is engaged in capital markets and treasury, aviation, real estate, asset management, and investment advisory activities.
Mostafa will oversee the bank’s financial strategy as it implements its new five-year plan.
Ibdar’s Chairman Tareq Sadeq commented: “We are pleased with the appointment of Ahmed Mostafa as the bank’s new CFO. His deep experience and understanding of Ibdar, as well as his extensive local and regional experience will add immense value to the management team.”
Mostafa is an experienced banking and finance executive with almost two decades of local and regional experience. Prior to joining Ibdar, he was an Audit Supervisor with KPMG, and a Senior Auditor with Deloitte & Touche. Ahmed is a Certified Public Accountant and holds a Bachelor of Commerce in accounting from the University of Helwan, Egypt. He holds many certificates including international leadership management and an advanced diploma in Islamic Jurisprudence (pending award).
Source: Trade Arabia

Background Information

Ibdar Bank

Ibdar Bank BSC (c) is a fully licensed Islamic Wholesale Bank, regulated by the Central Bank of Bahrain.

The Bank is active in the ethics driven debt and capital market providing Islamic Bond issuance, wealth management, alternative investments and other investment banking services. The Bank’s roots stem back to 1981 and today Ibdar Bank is in the top tier of Bahrain’s Islamic Wholesale Banks. Ibdar understands itself as the top Islamic challenger bank focusing on the Global Islamic Digital Economy (GIDE) providing sector expertise and a proven track record in Real Estate, Aviation, Trade & Manufacturing and FinTech. The Bank’s shareholder base includes blue chip financial institutions from Kuwait, Bahrain, Saudi and the UAE.

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