Tharawat Investment House (Tharawat), a Bahrain-based investment house operating on Shariah principles, has appointed three new Bahraini directors as part of  its Bahrainisation drive.

They are Abdul Raoof Al Mehza’a and Abdul Rahman Al Awadhi (both directors placement) and Anwar Ahmed Ali who will join the company as director of finance, the company said in a statement.

Tharawat Investment House CEO, Arif Mohammed Al Alawi,said, 'As part of our final preparations in Tharawat to launch our first products shortly, I am pleased to welcome on board this new group of Placement and Finance Directors who are some of the best qualified Bahrainis in their fields.'

'These recruitments are one of the steps that support us to achieve the objectives drawn up by the Board of Directors,” he noted.

'Careful selection of members of Tharawat’s team stems from the belief in the extent of the company’s need for their qualifications and skills, both professional and academic. We consider Tharawat Team as our partners in success which is not only limited to the business we do with our investors but also extends to our staff members.'

'The team spirit is what distinguishes us and makes us different from other financial and investment institutions,' Al Alawi added.

Raoof Almehza has a wide experience of some 30 years during which he served in leading banks and companies such as Swiss Bank Corporation, Bahrain Islamic Bank (BisB) and Bahrain National Oil Company (Banoco).

Al Awadhi has a wealth of experience spanning 16 years which he spent working in Bahrain Telecommunications Company (Batelco).

His career took him from the Mobile Services Department to head of Retail Development and Operations and then he became head of Medium Enterprises Sales.

Ahmed Ali holds a Bachelors of Science in Industrial Management -Accounting Major from King Fahd University of Petroleum and Minerals in Saudi Arabia, and has a rich practical experience spanning 18 years which he spent working in several companies.

These include National Audi Court, where he headed the Finance Department, and Gulf Air, where he was Manager Accounts Administration, following a post in Al Zamil Group.

At an authorized capital of $100 million and paid up capital of $33.25 million, Tharawat was established last year in the Kingdom under a licence as an Islamic investment company.-TradeArabia News Service