Al Baraka Bank Tunis, a subsidiary banking unit of Bahrain-based Al Baraka Banking Group BSC (ABG), has announced the appointment of Fraj Zaag as General Manager of the Bank.
Zaaq, a Tunisian nationality, has a Bachelor in Accounting and he is Chartered Accountant. He has a wealth of experience gained from high level positions held during 27 years as a senior staff and since 2009 as a Deputy General Manager of Al Baraka Bank Tunis. He has developed strong business ties with clientele in the banking sector and business circles in Tunis and abroad.
“The rapid growth of the banking and financial services sector in the Tunis represents a challenge to the industry. We need to diversify our services, accelerate the development of products, and raise standards to meet the expectations of customers. Zaag has a thorough knowledge and extensive background of Islamic banking, and is well equipped to handle this challenging job,” Abdelelah Sabahi, Chairman of Al Baraka Bank Tunis said.
“With the current transfer stage of the Tunisian economy, it is imperative to diversify the finance options to meet the high demand for personal and corporate finance. Islamic finance’s competitive market requires us to exert more efforts so as to meet customer demands and offer the best service,” the newly appointed GM said.