Al Baraka sets course for 2019, beyond

Top officials from Al Baraka subsidiaries and management have grouped together to set a strong and diligent action plan for the bank during 2019 and beyond. The two-day conference which evaluates various strategic initiatives throughout the Group was attended by Country heads and CEOs from Al Baraka subsidiaries and Senior management from the Head Office.

Speaking on the occasion, Adnan Ahmed Yousif, the banks President & Chief Executive said that the bank has been largely successful in containing the effects of many a crises, thanks to the dedicated work, good organisation and careful planning of the management. He said the group has maintained a very strong position, and this is attributed to the geographical diversity in revenue resources, in addition to the group’s capital strength and deep roots in the regional and global economy. 

“Even though our ability to control or even influence external factors is very limited, we believe in working with a positive attitude, with all the components of the group to increase our competitiveness, rationalize our costs, strictly adhere to the principles of Shari’a, focus on good standards of compliance and governance and promote digitization,” he said.

Looking ahead, he said, “I am very confident that we have the necessary experience and skills to drive us towards the Goals we have set for ourselves for 2030.”