‘For a Brighter Future’

Manama : A Bahrain – based global Islamic banking icon Al Baraka Banking Group (ABG), held its 21st Group Strategic Meeting (GSM) from 25 to 26 July 2016 in Amman, Jordan. 

On this occasion, Chairman of Al Baraka Banking Group, Shaikh Saleh Abdullah Kamil stressed that the Group maintains a very strong position, as certified by global rating agencies. This is due to the group’s distinguished geographical diversity in revenue resources, in addition to the group’s benefit from its capital strength and deep roots in regional and global markets. 

Commenting, President and Chief Executive of Al Baraka Banking Group Adnan Ahmed Yousif said: “This significant meeting comes at a time when the group is fully geared to pursue its dedicated mission which spans over 40 years of success and accomplishment, despite the prevailing tough conditions ensuing from the transformations in the regulatory environments and the geopolitical changes”. 

“We have succeeded during 2015 and the first half of 2016 in adopting a set of measures and existing plans aimed at taking advantage from the Group’s vast diversity of the geographical presence and the long expertise in markets, the matter which has enabled us to exceed targeted figures in most key indicators,” he explained.

“Total assets are US$25 billion, financing and investment are US$19bn, and deposits are US$20bn approximately. This is a clear reflection of our clients’ growing trust and commitment to our Group, as is the case with our valued shareholders, whose rights have exceeded the ceiling of US$2bn,” he said.

“The 21st Group Strategy Meeting (GSM) hosted by the Kingdom of Jordan, and attended by the Chief Executives and General Managers of Al Baraka Banking Group (ABG) in over 15 countries aimed to evaluate the financial and banking performance of the Group during the first half of 2016, as part of the strategies of unified work and coordination between the leaders of ABG units,” he added. 

“Meanwhile, we continue the plan of dedicating a full year in managing the affairs of our Group towards constructing a brighter future for the Group based on consultation and dialogue between us in all matters of major interest, and then we crystalize generated ideas into objectives agreed upon between us,” Adnan Yousif concluded.