stc Bahrain has entered into a partnership with Ithmaar Bank to manage the bank’s Amazon Web Services (AWS) billing, supporting improved cloud financial management, cost optimization, and operational efficiency.
Under the agreement, stc Bahrain, an AWS Premier Tier Services Partner, will provide a consolidated cloud billing solution that delivers a single, transparent monthly invoice for Ithmaar Bank’s AWS usage.
The model is designed to simplify billing processes, reduce administrative complexity, and provide clearer visibility of cloud expenditures.
The partnership comes as financial institutions across the region continue to expand digital transformation initiatives and adopt cloud-based infrastructure, increasing the need for structured cost governance and financial oversight.
Through this collaboration, Ithmaar Bank will also gain access to stc Bahrain’s AWS-certified specialists, enabling adherence to cloud financial management best practices and improving overall governance of cloud operations.
The arrangement introduces a single point of contact for billing and support, streamlining vendor management and operational workflows.
Hesham Mustafa Chief Business Officer stc Bahrain
“This partnership with Ithmaar Bank is a testament to our role as a strategic enabler of digital transformation in the Kingdom. By simplifying the complexities of cloud financial management, we are empowering leading financial institutions to innovate with greater confidence and agility.This collaboration directly supports Bahrain’s digital economy by providing the tools for streamlined cloud governance, and we are proud to support Ithmaar Bank on their digital journey.”
Mohamed Ahmed Bucheerei, Head of Strategy, Transformation & Business Development at Ithmaar Bank, said that, “We are pleased to partner with stc Bahrain to enhance the efficiency and governance of the bank’s cloud financial management. This collaboration supports our ongoing digital transformation agenda by strengthening cost optimization, operational transparency, and resilience across our technology infrastructure.”
The collaboration reflects a broader trend among financial institutions in Bahrain and the wider region to adopt structured cloud governance models as part of digital transformation strategies.
