Ithmaar Holding B.S.C — Board/Management Information 2025

Mar 5, 2025

Ithmaar Holding B.S.C. Board of Directors Nominees Profiles For the upcoming term 2025 - 2028

All nominees are subject to the approval of the Central Bank of Bahrain

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HRH Prince Amr Mohammed Al Faisal Al Saud

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Nationality

Kingdom of Saudi Arabia

Classification

Non-Executive Director

Qualifications

• Bachelors in Architecture from King Abdulaziz University, KSA.

• Member of the Saudi Council of Engineers.

Experience

Has more than 31 years of extensive and diversified experience in commercial and investment banking, executive management, architecture and engineering. Founded Red Sea Consultants Ltd and Al Daleel Information Systems (Daleelteq) Ltd. A Fellow of the Saudi Association for Construction Societies, City Development and Clean Environment and a Member of the Saudi Council of Engineers.

Current Board Memberships

• Chairman of Dar Al-Maal Al-Islamic Trust.

• Chairman of Ithmaar Holding, Ithmaar Bank and IB Capital.

• Chairman of Faisal Islamic Bank of Egypt.

• Other directorships are detailed in the Annexure.

Tunku Yaacob Khyra

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Nationality

Malaysia

Classification

Independent Director

Qualifications

• Fellow of the Institute of Chartered Accountants in England & Wales.

• BSc (Hons) in Economics & Accountancy from City University, London, UK.

Experience

A prominent Malaysian businessman, heading several publicly listed companies as Executive Chairman (MAA Group Berhad, Melewar Industrial Group Berhad and Mycron Steel Berhad). Started his career as an auditor with Price Waterhouse in London and Kuala Lumpur (from 1982 to 1987). Later joined Malaysian Assurance Alliance Berhad which, under his leadership, became the leading locally-owned life and non-life insurance company in Malaysia. Established MAA Takaful Berhad, which became the leading Islamic family and general insurance institution in Malaysia.

Current Board Memberships

• Board Member in Ithmaar Holding, Ithmaar Bank and IB Capital.

• Executive Chairman of MAA Group Berhad.

• Executive Chairman of Melewar Industrial Group Berhad.

• Other directorships are detailed in the Annexure.

Dr. Amani Khaled Bouresli

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Nationality

Kuwait

Classification

Independent Director

Qualifications

• PhD in Business Administration from Southern Illinois University at Carbondale, USA.

• MBA from Seattle University, USA.

• Bachelors in Finance & Banking from Kuwait University.

Experience

Formerly the Kuwait Minister of Commerce and the Minister of Planning and Development Affairs, has more than 33 years of experience in training, consulting and banking. Currently an Associate Professor at Kuwait University’s College of Business Administration (Finance Department), and her research interests include Capital Markets Regulations, Corporate Governance and Strategic Planning. A Member at the Board of Trustees at Kuwait Transparency Association for the Anti-Corruption Award for the Public Sector in Kuwait. Earned the 2018 “Kuwaiti Economic Researcher Award” sponsored by the Central Bank of Kuwait. Also earned the Middle East Excellence Award in business administration and economics for contributions toward the development of the capital market structure and regulation in Kuwait. The founder of the Governance Excellency Prize and the Head of the Economic Forum, held annually in Kuwait.

Current Board Memberships

• Board Member in Ithmaar Holding and Ithmaar Bank and IB Capital.

• Vice Chairman of Kuwait Airways.

• Board Member in Faisal Islamic Bank of Egypt.

• Board Member in Burgan Bank.

Ms. Elham Ebrahim Hasan

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Nationality

Kingdom of Bahrain

Classification

Independent Director

Qualifications

• Certified Public Accountant (CPA).

• Bachelors from Cairo University, Arab Republic of Egypt.

Experience

Has more than 30 years of diversified experience in the financial services industry, and was the first female partner at PricewaterhouseCoopers in the Middle East region. Was the Country Senior Partner at PricewaterhouseCoopers in Bahrain until June 2010, and was the financial services leader for PricewaterhouseCoopers Middle East until June 2007. While at PricewaterhouseCoopers, worked extensively with Islamic institutions since the early eighties. Voted as One of the Most Influential Women in the Middle East by Forbes Magazine, and earned the Euro Money Award for Islamic Assurance Advisory Services. Previously a Board Member in the Bahrain Economic Development Board (EDB), Tamkeen, BBK, the Bahrain Real Estate Investment Company (EDAMAH), and the University of Bahrain.

Current Board Memberships

• Board Member in Ithmaar Holding, Ithmaar Bank and IB Capital.

• Board Member in Bahrain Mumtalakat Holding Company.

• Board Member in BNP Investment Company (KSA).

• Other directorships are detailed in the Annexure.

Dr. Jehad El-Nakla

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Nationality

United Kingdom

Classification

Independent Director

Qualifications

• Ph.D in Numerical Analysis, Loughborough University (UK).

• Masters in Mathematics of Modern Control Systems, Loughborough University (UK).

• Bachelors in Mathematics, Garyounis (Benghazi) University (Libya).

• Certified Diploma in Accounting & Finance, The Chartered Association of Certified Accountants (ACCA).

• Certified Director, Pakistan Institute of Corporate Governance.

Experience

A British citizen of Arabic origins, holds a Ph.D in Numerical Analysis from the UK. A resident of Dubai for nearly 17 years. A Regional General Manager of Moody’s (Credit Rating Agency) in the Middle East for 12 years, up until retirement in March 2020. Prior to that, had 20 years of experience in the banking industry. Since retirement, served on the boards of several financial institutions, including as an independent director at Al Baraka Group, whereby gained valuable experience in aligning subsidiaries with the strategy and policies of the group. Was Chairman of Al Baraka Bank (Pakistan) from October 2021 to June 2024, Interim Chairman of Al Baraka Bank (Sudan) from October 2021 to July 2022. Other previous directorships include Takaful Emarat (Insurance) and Jordan Islamic Bank.

Current Board Memberships

• N/A

Mr. Husain Abdulhameed Alshehab

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Nationality

Kingdom of Bahrain

Classification

Independent Director

Qualifications

• Masters in International Business Management, Leeds Metropolitan University (UK).

• Bachelors in Engineering, University of Bradford (UK).

• Certificate in Sustainable Business Strategy, Harvard Business School Online.

• Associate Value Specialist, CIW Web Design Specialist and CIW E-Commerce Specialist.

Experience

Founder of Dekan Café and CEO of Growth Consultancy & Management. Former member of the Food and Agriculture Committee and Education Committee at the Bahrain Chamber of Commerce and Industry. Currently serving as an independent director in several listed and unlisted companies. Winner of the Bahrain StartUp Weekend Award (Nov 2018), People Choice Award Amazon (Sept 2017) and INJAZ Bahrain Diamond Award (Apr 2019).

Current Board Memberships

• Board Member in Gulf Hotels Group B.S.C.

• Board Member in Bahrain National Holding B.S.C.

• Board Member in Delmon Poultry Company B.S.C.

• Board Member in Bahrain National Life Assurance Company B.S.C. (c).

Mr. Ali Ghaleb Beshara

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Nationality

Kingdom of Bahrain

Classification

Independent Director

Qualifications

• Masters in Public Administration, Aix-Masielle University (France).

• Bachelors in Computing, University of Greenwich (UK).

• Associate Diploma in Business Information Systems, University of Bahrain.

• Certified Information Systems Auditor.

• Certified Information Security Manager.

• Certified in Risk and Information Systems Control.

Experience

Accomplished executive with an extensive background in strategic leadership, information security, and operational excellence. Known for effective communication and a proven track record in driving organizational growth, process optimization, and team management within governmental and fintech sectors. Worked closely with regulators of the financial and cybersecurity in the Government of Bahrain. Passionate about leveraging expertise to advance organizational development and innovation, with a particular focus on integrating information security in the evolving fintech landscape. Founder of CyberCrest Consulting since May 2021. Formerly Head of Information Security and Risk Management at The BENEFIT Company and Chief of Position Control and Organization Information at the Civil Service Bureau, and later Information Systems Advisor.

Current Board Memberships

N/A

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Annexure

List of the current directorships of the candidates to Ithmaar Holding’s Board of Directors during the upcoming Board elections

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HRH Prince Amr Mohammed Al Faisal

Company	Designation
Red Sea Consultants Ltd.	President
Al Daleel Information Systems (Daleelteq) Ltd.	Chairman and Partner
Gulf Investors Asset Management Co J.S.C. (Closed)	Chairman
Faisal Islamic Bank of Sudan (Public Company)	Chairman
Faisal Islamic Bank of Egypt (Public Company)	Chairman
Dar Al Maal Al Islami Trust	Chairman
Ithmaar Holding B.S.C.	Chairman
Ithmaar Bank B.S.C. (Closed)	Chairman
IB Capital B.S.C. (Closed)	Chairman

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Tunku Yaacob Khyra

Company	Designation
MAA Group Berhad	Chairman
Melewar Industrial Group Berhad	Chairman
Mycron Steel Berhad	Chairman
KNM Group Berhad	Chairman
Joseph William Yee Eu Foundation	Chairman
Melewar Group Berhad	Director
Khyra Legacy Berhad	Trustee / Member
Yayasan Khyra	Trustee / Member
Mycron Steel CRC Sdn Bhd	Director
Melewar Steel Tube Sdn Bhd	Director
MAA Corporation Sdn Bhd	Director
Menang Bernas Sdn Bhd	Director
MAA Bancwell Trustee Berhad	Director
Maax Fidelity Berhad	Director

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Maax Invotrade Sdn Bhd	Director
Nilam Timur	Director
Yayasan Amal Maaedicare	Trustee / Member
Kasturi Services Sdn Bhd	Director
Scholastic IB International Sdn Bhd	Director
St. John’s International Edu Group Sdn Bhd	Director
St. John’s International (Campus 2) Sdn Bhd	Director
Alfaakademik Sdn Bhd	Director
Maax Capital Sdn Bhd	Director
10Star Cinemas Sdn Bhd	Director
Imperium Edumaax Sdn Bhd	Director
Edumaax Liberty Sdn Bhd	Director
Imperium Education Sdn Bhd	Director
Maax Finnion Sdn Bhd	Director
Stemarcell Sdn Bhd	Director
Stemarcell Biotech Sdn Bhd	Director
Edumaax S.P.A	Director

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MAA General Assurance Philippines, Inc.	Director
MAA International Group Ltd	Director
MAA International Investment Ltd	Director
Villa Castiglione S.R.L	Director
Hospitality 360 Sdn Bhd	Director
Home 180 Sdn Bhd	Director
Primeat Sdn Bhd	Director
Clear Dynamic Sdn Bhd	Director
Dine 360 Sdn Bhd	Director
Global Champ Sdn Bhd	Director
Infinity Indah Sdn Bhd	Director
Luxe Prestige Sdn Bhd	Director
Triima Inn Hospitality Sdn Bhd	Director
NS Global Management Sdn Bhd	Director
Ruby Luxury Sdn Bhd	Director
Staysuites Malaysia Sdn Bhd	Director
Trinidad Signature Suites Sdn Bhd	Director

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Asiawide Hospitality Group Sdn Bhd	Director
Decorzo Space Sdn Bhd	Director
Medianworks Facility Management Sdn Bhd	Director
Medianworks Sdn Bhd	Director
Perfect Host (M) Sdn Bhd	Director
Staysuites Group Sdn Bhd	Director
Travel Club 360 Sdn Bhd	Director
Trinidad Cigar Company Sdn Bhd	Director
Trisend Logistic Technologies Sdn Bhd	Director
Trinidad Hotel Kuantan Sdn Bhd	Director
Cigarmaax Limited	Director
Trifecta Hospitality Sdn Bhd	Director
Luxe Paradigm Sdn Bhd	Director
Magnum Glory Sdn Bhd	Director
Perfect Host Borneo Sdn Bhd	Director
Ausgard Quick Assembly Systems Sdn Bhd	Director
Melewar Imperial Limited	Director

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Jack Nathan Limited	Director
3Padi Growers Sdn Bhd	Director
3Bumi Sdn Bhd	Director
3Dara Sdn Bhd	Director
3Bumi Oleo Sdn Bhd	Director
3Bumi Trading Sdn Bhd	Director
Melewar Steel Mills Sdn Bhd	Director
Iternum Melewar Sdn Bhd	Director
Khyra Sdn Bhd	Director
Melewar Equities Sdn Bhd	Director
Melewar Khyra Sdn Bhd	Director
Melewar Equities (BVI) Ltd	Director
Melewar International Investment Company Limited	Director
Mekar-Bumi Niaga Sdn Bhd	Director
Maegma Metalics Sdn Bhd	Director
Khyra Edu KKB Sdn Bhd	Director
Agrostan Farms Sdn Bhd	Director

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Agrostan Pte Ltd	Director
Agrostan LLP	Director
Two Wheels Only Sdn Bhd	Director
Masterline Enterprise Inc	Director
3ple Sdn Bhd	Director
Khyra Liberty Limited	Director
MAACA Labuan Ltd	Director
Melewar FE Sdn Bhd	Director
Melewar VE Sdn Bhd	Director
Melewar QE Sdn Bhd	Director
Melewar Aeternum Sdn Bhd	Director
Melewar Acquisitions Limited	Director
Dermaga Hayat Sdn Bhd	Director
Setara Pertiwi Sdn Bhd	Director
United Helicopters (SEA) Limited	Director
Avenue Serimas Sdn Bhd	Director
Maegma Holdings Sdn Bhd	Director

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Maegma Minerals Sdn Bhd	Director
Maegma Metals Sdn Bhd	Director
Maegma Galvaniser Sdn Bhd	Director
Port Tahan Sdn Bhd	Director
Muliamas Group Sdn Bhd	Director
Muliamas Resources Sdn Bhd	Director
SHP Media Sdn Bhd	Director / Member
Chase Perdana Sdn Bhd	Director
Altech Batteries Limited	Director
The Budimas Charitable Foundation	Trustee
Ithmaar Holding B.S.C.	Director
Ithmaar Bank B.S.C. (Closed)	Director
IB Capital B.S.C. (Closed)	Director
Castille Medicals Ltd	Director / Member
Haven Quest Sdn Bhd	Director
Lambang Kelana Sdn Bhd	Director
M-Power TT Ltd (Incorporated in BVI)	Director / Member

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Entyqui Estates Sdn Bhd	Director
Khyra Liberty Sdn Bhd	Director
Khyra Properties Sdn Bhd	Director
Tannis Sdn Bhd	Director
Melewar Ventures Sdn Bhd	Director
Melewar Holdings Sdn Bhd	Director
Jiwa Mayang Sdn Bhd	Director
Fai Thy Trading Sdn Bhd	Director / Member
SRT Security Services Sdn Bhd	Director
KNM Process Systems Sdn Bhd	Director
Borsig GmbH	Director

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Elham Ebrahim Hasan

Company	Designation
Ithmaar Holding B.S.C.	Board Member
Ithmaar Bank B.S.C. (Closed)	Board Member
IB Capital B.S.C. (Closed)	Board Member
Bahrain Mumtalakat Holding Company B.S.C. (c)	Board Member
BNP Investment Company	Board Member
Alanzoor Physiotherapy Company	Board Member
Ithmaar-Dilmunia General Partner Company Limited	Board Member

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