Four new managers join Tharawat management team

In a statement, Mr. Arif Mohammed Al Alawi, Tharawat Chief Executive Officer said:

"As part of our final preparations in Tharawat to launch our first products shortly, I am pleased to welcome on board a group of managers who are considered as some of the best qualified Bahrainis in the banking industry. These recruitments are one of the steps that support us to achieve the objectives drawn up by the Board of Directors."

"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 them 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 work spirit is what distinguishes us and makes us different from other financial and investment institutions." Mr. Al Alawi added.

It is worth to mention that the new managers are Mr. Mohamed Ahmadi Regional Manager has the International Marketing & Basic Management Principle and Styles Management Certificate from Skyline College in U.A.E and Humberside University/UK.

Also, he has Correspondence-Management Advancement Program, Alexander Hamilton Institute - NJ in the United States.

Mr. Ahmadi has more than 20 years of experience in international financial institutions such as Banque Piguet & CIE S.A. Dubai, U.A.E (Swiss private bank) where he worked as Vice President & Head of Middle East Rep. Office, Mashreq Bank, Dubai, UAE, where he worked as Assistant Vice President Wealth Management, Standard Chartered Bank -Bahrain as Investment Services Manager in the Wealth Management Division, and Zurich International Life in Bahrain as District Manager Investment Department.

Mr. Ahmed Buhazza', Director Information Technology has an MBA from the University of Glamorgan UK and has a B.Sc. degree in computer science from the University of Bahrain.

He is currently working to obtain an M.A. degree in banking and finance from DePaul University in the United States.

Mr. Buhazza' has some 15 years of experience in IT systems and technology gained from working in major companies and financial institutions in Bahrain such as Khaleej Finance and Investment, Batelco and Bahrain National Insurance Company.

In addition, he provided advice on technology to leading financial institutions in the UAE and Saudi Arabia.

Moreover, Mr. Faisal Elias, Manager Placement has a B.Sc. in business administration and marketing from Bradford University UK in 2003 and has an Associate Diploma in banking and finance from the University of Bahrain in 2002.

Mr. Elias joins Tharawat from Abu Dhabi Investment House in charge of GCC Placement with special emphasis on Saudi Arabia. He worked earlier in HSBC Middle East for three years.

On the other hand, Mr. Nedal Al Attawi, Manager Administration has a specialized diploma in middle management from the University of Bahrain.

He has attended a number of advanced courses in management, NLP and IT.

In addition, he has 15 years of experience in administration and general services in leading financial and banking institutions such as Bahrain Islamic Bank, CrediMax, Khaleej Finance and Investment and other institutions.

Tharawat Investment House (Tharawat), regulated by the Central Bank of Bahrain, was launched in July 2008 as a Sharia'a compliant investment company with an authorized capital of $100m and paid up capital of $33.25m.

Tharawat, based in the Kingdom of Bahrain, focuses on offering investment products covering three main sectors namely the industrial sector, agricultural sector and service sector and with a lesser degree the real estate sector.