Tadhamon International Islamic Bank

Tadhamon International Islamic Bank (Tadhamon Bank) is a Yemeni Islamic bank headquartered in Sanaa. MEED reported in 2013 that the Hayel Saeed family held the majority share and that Abdul-Ghabar Hayel Saeed had been chairman since the bank was set up in 1995. Wikipedia says it was initially named Yemen Islamic Bank for Investment and Development, a claim it marks as needing a citation.

Founding date: Wikipedia gives 25 May 1995 in its infobox but 1996 in its history text; MEED and Zawya point to 1995. The bank lists retail banking, corporate banking and a business line called Tadhamon Pearl. Wikipedia reports 24 branches, more than 120 ATMs, about 700 employees (2023), total assets of about YER 497 billion (roughly US$2.31 billion, 2022) and fixed capital of YER 20 billion (roughly US$93 million). Mahmoud Ataa Al Rafai is listed as general manager, without a date.

• Sharia-compliant retail and corporate banking in Yemen
• Tadhamon Pearl business line

• Abdul-Ghabar Hayel Saeed Chairman
• Mahmoud Ataa Al Rafai General Manager (Wikipedia, undated)

1. 1995Bank set up, with Abdul-Ghabar Hayel Saeed as chairman (MEED); infobox date 25 May 1995
2. 2008Rated the most efficient Islamic bank in a low-income country in an academic study cited by Wikipedia
3. 2009Described by Wikipedia as the second-largest Islamic financial institution in MENA by assets
4. 2012Named Yemen top domestic foreign-exchange services bank at the Asian Banking and Finance Awards (MEED)