Ibdar Bank Appoints Khalil Al Awadhi As Executive Director Of Investors Relations

Mr. Awadhi joins the Bank with over 30 years of experience in asset management and investment placement working in executive roles at a number of top tier regional and international financial institutions in the

  
Ibdar Bank Appoints Khalil Al Awadhi As Executive Director Of Investors Relations
27 October 2015
-- Further strengthens ability to serve Gulf-wide investor base --


Manama - Ibdar Bank ("Ibdar"), the Bahrain based wholesale Islamic investment bank, today announced that it has appointed Mr. Khalil Al Awadhi as Executive Director, Investors Relations.

Mr. Awadhi joins the Bank with over 30 years of experience in asset management and investment placement working in executive roles at a number of top tier regional and international financial institutions in the GCC. At Ibdar, his role will focus on defining and increasing the Bank's Institutional and UHNW Individuals throughout a consultative placement of Ibdar's investment product and  implanting sales strategy in Gulf.  

Prior to joining Ibdar, Mr. Awadhi spent three years at PineBridge Investments Middle East as Vice President. Prior to that he was the Principal Relationship Manager and a Partner at Investcorp Bahrain for over five years with coverage responsibility for the firm's sovereign and institutional relationships and HNWI investment placement in the Kingdom of Saudi Arabia and Kuwait. 

Commenting, Mr. Ahmed Al-Rayes, Acting CEO of Ibdar Bank said, "We're pleased to welcome Khalil Al Awadhi as Executive Director of Investors Relations at the Bank. His depth of experience working with leading local and international financial institutions will provide our investors with the highest levels of support, expertise and knowledge of a broad range of financial products. His understanding and deep relationships with investors across the region will also help ensure that as a Bank we continue to innovate the kinds of investments that add value and for which there is demand from institutions and HNWIs across the Gulf."

"I'm delighted to join the Ibdar team," added Mr. Al Awadhi. "The Bank has a well developed track record of innovation and a broad offering of unique and rewarding financial products and opportunities.  I look forward to working with the team to build upon these and to ensure Ibdar  continues to pioneer and bring to market new investments that deliver strong, stable returns for the Bank, its shareholders and investors." 

Mr. Awadhi has also held a number of other senior management roles with top tier international banks. During 2001 to 2006, he initiated and established Societe Generale Asset Management (SGAM) in Bahrain of which he was the CEO. Between 1996 and 2001, he was Vice President Institutions and Private Banking at BNP Paribas dealing with Kuwait, Bahrain, Jeddah and Yemen. He began his career at Banque Indosuez as Vice President of Placements where he spent 11 years.

Mr. Awadhi has also held Advisory Board Seats on a number of Private Equity Funds including those for TCW, Gartmore Indosuez, Blackstone Capital Partners, BNP Paribas, Arcis and Eurosuez. He holds an Executive Business Management Degree from the University of Bahrain.

Ibdar Bank is active in private equity in the GCC and MENA markets as well as in the regional and global real estate. The Bank has extensive experience in sectors including aviation, infrastructure, oil & gas, maritime and retail, among others. It has recently announced a number of successful investments and exits in real estate and in financing and leasing. Currently, Ibdar has a strong pipeline of opportunities under evaluation in real estate and other areas that build on growth in consumer patterns across its markets of focus and in industries where its experience and knowledge support solid returns.

- Ends -

About Ibdar Bank
Ibdar Bank ("Ibdar") is an Islamic investment bank incorporated in the Kingdom of Bahrain, where it operates under a wholesale Islamic banking license and is regulated by the Central Bank of Bahrain.

The Bank has USD300 million in paid up capital, an asset base in excess of USD400 million - as at end of September 2014 - and significant funds for deployment. Ibdar is engaged in private equity, capital markets and real estate, activities through which it aims to generate diversified and recurring income streams for the Bank, its shareholders and co-investors.

Geographically, the Bank's focus is on the GCC and MENA region including Turkey. It also transacts in Southeast Asia and select developed markets on an opportunistic basis. Ibdar has a significant expertise in areas such as Aviation, Infrastructure, Maritime, Oil & Gas, and Real estate, among others.

The Bank was created from the first three-way merger in the Islamic banking industry between Capital Management House (CMH), CAPIVEST and Elaf Bank in 2012 and was then re-launched as Ibdar Bank in November 2013.

For further information, please visit: www.ibdarbank.com

Media Contacts
Ibdar Bank            
Najla Abdulaziz
nabdulaziz@ibdarbank.com               
+973 17 510090
FinMark Communication, GCC            
Zahraa Taher                                      
ztaher@finmarkcoms.com                 
+973 17 749 759/+973 39630997
Sawsan Fraidoon
sfraidoon@finmarkcoms.com
+973 17 749 759/+973 66966618

© Press Release 2015


More From Press Releases