Ithmaar Bank B.S.C. has announced the retirement of Mohammed Bucheerei as CEO and member of the board. Bucheerei, who was also COO of Dar Al-Maal Al-Islami Trust, Ithmaar Bank's large shareholder, has played a key role within the group over the past twenty-two years and contributed directly, and in very significant ways, to the group's success. The bank announced the appointment of Ahmed Abdul Rahim, general manager, as the new acting CEO.