Al Baraka signs MoU with UNDP

Manama : Al Baraka Banking Group (ABG) delegation led by Adnan Ahmed Yousif, President and Chief Executive, participated in the SDG Business Forum held on the sidelines of a political forum on Sustainable Development in New York recently.

During the forum, the P&CE of ABG signed a Memorandum of Understanding with the United Nations Development Program (UNDP) to develop a framework to facilitate cooperation between the two parties in the areas where the UNDP supports Al Baraka in developing sustainability standards related to its funding, also the projects it launches and awareness activities related to the objectives of sustainable development as well as the readiness of the UNDP to provide the same services to all the units of the Group deployed in 16 countries through its offices in these countries. Adnan Ahmed Yousif also participated in the SDG Business Forum, where he presented the experience of ABG in linking Al Baraka Program for Sustainability and Social Responsibility with the objectives of sustainable development of the United Nations and the achievements made by the Group in this field, where the Group committed itself to provide support and funding of more than $ 600 million for Al Baraka sustainable development goals for 2016-2020.

Adnan Ahmed Yousif said: “The participation of Al Baraka in the SDG Business Forum was a complement to the highly successful and distinguished participation of the high level national delegation, who participated in the UN High Level Forum on Sustainable Development last month and presented the excellent achievements of the Kingdom in this field. The presentation of ABG’s  experience in the area of sustainability and social responsibility and the successes it has achieved in attaching its objectives to sustainable development goals in the forum in this prestigious forum is a pride for all of us.”