BAB Convenes its Annual General Assembly

The Bahrain Association of Banks (BAB) held its ordinary Annual General Assembly meeting via video conference chaired by Mr. Yaser Alsharifi, Chairman of the Board, in the presence of association members representing banks and financial institutions. 

During the meeting, the Assembly approved the annual report and the audited financial statements for the financial year ended 31 December 2025 and approved the appointment of the external auditor for the year 2026. The members have reaffirmed their support for the Association’s Board of Directors in its efforts to achieve the Association’s objectives of representing institutions in the financial and banking sector and supporting national efforts to advance the sector. 

During the meeting, Mr. Alsharifi presented the Board’s report, highlighting the Association’s key milestones over the past year, and stated that 2025 was a year of prioritizing objectives & delivering results for the Association. 

Following the appointment of a new Board at the end of 2024, focus was placed on strengthening the foundations that underpin BAB’s value proposition as the unified platform representing Bahrain’s financial sector, including clarity of role, sound governance, and disciplined engagement, reflecting the needs of a diverse and evolving sector. 

As part of this agenda, BAB reviewed its strategic direction and implemented several structural enhancements. These included the appointment of a new management team, the enhancement of the governance framework, and the reconstitution of specialised committees aligned with sector priorities. Together, these changes established a more coherent structure that strengthened accountability, coordination, and committee-led engagement across the Association’s workstreams.

He added “The Association will continue to operate in line with the directives of the Central Bank of Bahrain while supporting its members in keeping pace with changing priorities across financial services” The Chairman also highlighted the central role played by the specialized committees in presenting the sector’s views on strategic issues, including financial market infrastructure, payment systems, Sharia standards, workforce practices and consumer transparency. 

At the international level, the Association had also strengthened its collaboration with peer institutions and global platforms, contributing to knowledge and expertise exchange and highlighting the leadership of Bahrain’s financial sector in international forums.

As the Association looks ahead, the Board remains focused on maintaining robust governance, effective sector representation, and structured engagement aligned with evolving financial services priorities.