MANAMA: The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced wide promotions among members of its staff cadre in a number of main departments in the Group.
The staff got promotion are, Ahmed Albalooshi to Senior Vice President, IT department, Ahmed AbdulGhaffar to First Vice President, Investors Relations department and Hessa Ebrahim Al Doy to Deputy Manager, Group Compliance at ABG.
Adnan Ahmed Yousif, Member of the Board of Directors and President and Chief Executive of Al Baraka Banking Group said that these important promotions clearly reflect the Group’s keenness to make way for the rise of young and promising leaders to key positions in the Group, where now become available to the Group Bahraini cadres with high efficiency and professionalism eligible them to participate actively in the leadership of the Group’s operations and strategies during the next phase.
He added that Al Baraka Banking Group intends to continue working during the coming period in order to make the best use of its substantial and qualified human resources in achieving maximum returns to its shareholders and stakeholders, and at the same time satisfying the varying and rapidly increasing needs of its customers. Al Baraka Banking Group, with its expertise and substantial human resources, growing financial and technical capabilities, strong presence in the markets, innovative banking and investment products that it offers and large branch network will, God willing, be able to achieve these goals.
Al Baraka Banking Group (B.S.C) is licensed as an Islamic wholesale bank by the Central Bank of Bahrain, listed on Bahrain Bourse and Nasdaq Dubai stock exchanges. It is a leading international Islamic banking group providing its unique services in countries with a population totaling around one billion. It is jointly rated BBB+ (long term) / A3 (short term) on the international scale and A+ (bh) (long term) / A2 (bh) (short term) on the national by Islamic International Rating Agency & Dagong Global Credit Rating Company Limited, and by Standard & Poor’s at BB+ (long term) / B (short term).
Al Baraka offers retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari’a. The authorized capital of Al Baraka is US$ 1.5 billion, while total equity is at about US$ 2.1 billion.
The Group has a wide geographical presence in the form of subsidiary banking units and representative offices in 16 countries, which in turn provide their services through over 700 branches. Al Baraka currently has a strong presence in Turkey, Jordan, Egypt, Algeria, Tunisia, Sudan, Bahrain, Pakistan, South Africa, Lebanon, Syria, Iraq, Saudi Arabia and Morocco, including two representative offices in Indonesia and Libya.
