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). – TradeArabia News Service