Ibdar Bank, a Bahrain-based wholesale Islamic investment bank, has appointed Khalil Al Awadhi as executive director, Investors Relations.

 

Awadhi joins the bank with more than 30 years of experience in asset management and investment placement working in executive roles at a number of top tier regional and international financial institutions in the GCC, said a statement.

 

At Ibdar, his role will focus on defining and increasing the bank’s institutional and ultra high-net worth (UHNW) individuals throughout a consultative placement of Ibdar’s investment product and implanting sales strategy in Gulf, it said.

 

Ahmed Al-Rayes, acting chief executive officer, said: “We’re pleased to welcome Khalil Al Awadhi as executive director of Investors Relations at the bank. His depth of experience working with leading local and international financial institutions will provide our investors with the highest levels of support, expertise and knowledge of a broad range of financial products. 

 

"His understanding and deep relationships with investors across the region will also help ensure that as a bank we continue to innovate the kinds of investments that add value and for which there is demand from institutions and HNWIs across the Gulf.

 

“I’m delighted to join the Ibdar team. The bank has a well developed track record of innovation and a broad offering of unique and rewarding financial products and opportunities.  I look forward to working with the team to build upon these and to ensure Ibdar continues to pioneer and bring to market new investments that deliver strong, stable returns for the Bank, its shareholders and investors.”  

 

Ibdar is active in private equity in the GCC and Middle East and North Africa (Mena) markets as well as in the regional and global real estate. The bank has extensive experience in sectors including aviation, infrastructure, oil and gas, maritime and retail, said the statement.

 

It has recently announced a number of successful investments and exits in real estate and in financing and leasing. Currently, Ibdar has a strong pipeline of opportunities under evaluation in real estate and other areas that build on growth in consumer patterns across its markets of focus and in industries where its experience and knowledge support solid returns, it added. - TradeArabia News Service