About Ithmaar Bank
Ithmaar Bank is a company based in Manama (Bahrain) founded in 1982. It operates as a B2C. Ithmaar Bank has completed 1 acquisition, including Al Salam Bank. Ithmaar Bank operates in a competitive market with competitors including Al Baraka Banking Group, Al Salam Bank, Khaleeji, Bank Alkhair and BOK International, among others.
- Headquarter Manama, Bahrain
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of Ithmaar Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Ithmaar Bank
Ithmaar Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Al Salam Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial banking services are offered in Bahrain.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ithmaar Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ithmaar Bank Comparisons
Competitors of Ithmaar Bank
Ithmaar Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Al Baraka Banking Group, Al Salam Bank, Khaleeji, Bank Alkhair and BOK International, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Shari'a-compliant financial services and Islamic banking solutions are provided.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Bahrain.
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| domain | founded_year | HQ Location |
Functions as an Islamic bank offering specialized financial services.
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| domain | founded_year | HQ Location |
Islamic banking services are offered in Bahrain.
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| domain | founded_year | HQ Location |
Functions as an Islamic bank offering Sharia-compliant financial services to customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ithmaar Bank
Frequently Asked Questions about Ithmaar Bank
When was Ithmaar Bank founded?
Ithmaar Bank was founded in 1982.
Where is Ithmaar Bank located?
Ithmaar Bank is headquartered in Manama, Bahrain.
What does Ithmaar Bank do?
Ithmaar Bank operates as an islamic retail bank offering sharia-compliant financial services to customers through finance, banking, retail banking, and islamic banking. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Ithmaar Bank?
Ithmaar Bank's top competitors include Al Salam Bank, Al Baraka Banking Group and Bank Alkhair.
How many acquisitions has Ithmaar Bank made?
Ithmaar Bank has made 1 acquisition, including Al Salam Bank.