Ithmaar Bank has promoted seven employees, ahead of its anticipated reorganisation with wholly-owned subsidiary, Shamil Bank.

Amer Janahi was promoted to human resources associate director, Esraa Al Janahi to investment banking assistant director, Meaad Al Awadhi to human resources assistant director, Abigail Childs to investment banking associate director, Shaikha Fakhro to investment banking associate, Abdulla Nooraldin to financial control senior officer and Ahlaam Al Tublani to group corporate communications senior officer.

“These latest promotions, recognise the commitment, dedication and exceptional performance of some of our most valued people, and I am pleased to see them moving up in their careers,” said Ithmaar Bank chief operating officer Ahmed Abdul Rahim.

Ithmaar Bank had recently announced plans for a comprehensive reorganisation with its wholly-owned subsidiary, Shamil Bank. The plans involve both banks pooling their resources to create a single, more efficient and significantly stronger retail-focused Islamic bank under the Ithmaar brand.

Ithmaar, which has already received verbal approval from the Central Bank of Bahrain, is expecting to receive written approval shortly and will then proceed with the immediate implementation of its reorganisation plans.-TradeArabia News Service