Al Baraka wins Best Corporate Website for the Second Successive Year
The Bahrain based leading Islamic banking Group, Al Baraka Banking Group B.S.C (ABG), won "Best Corporate Website" award for 2011 among largest Bahraini listed companies for the second successive year. The Award was delivered in a ceremony to announce the results of the annual survey and to honor the winners. The ceremony was organized during "The Success in Digital Investor Relations" conference held in Armani Hotel, Burj Khalifa Dubai under the patronage of the Middle East Investor Relations Society.
The evaluation was based on technical grounds in research and on a poll of a group of investors and analysts while assessment and classification was prepared by independent international firm (King Worldwide) in New York.
Mr. Adnan Ahmed Yousif, President & Chief Executive of Al Baraka Banking Group said that "winning this advance website ranking for the second successive year is representing Al Baraka commitments to provide best communication ways with investors and shareholders, as well as providing the highest degree of transparency according to international standards, a commitment that the Group insists to meet.
He added that changes in regional markets and conditions did not discourage the Group from fruitful communication with investors and customers, and to make the website better and easier reference for all those who want to communicate with the Group from anywhere in the world".
He also stressed that the development and improvement in the electronic services provided will not stop at this level but there are plans in the near future to launch e-services to serve the Group's distinct customers around the world.
Al Baraka Banking Group www.albaraka.com is a Bahrain Joint Stock Company listed on Bahrain Bourse and Nasdaq Dubai. It is a leading international Islamic bank with Standard and Poors long term and short term credit ratings of BBB- and A-3 respectively. ABG offers retail, corporate and investment banking and treasury services strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of ABG is US$1.5 billion, while total equity amounts to about US$1.7 billion.
The Group has a wide geographical presence in the form of subsidiary banking Units and representative offices in twelve countries, which in turn provide their services through more than 400 branches. These banking Units are Jordan Islamic Bank, Al Baraka Islamic Bank, Al Baraka Bank Pakistan Limited; Banque Al Baraka D'Algerie, Al Baraka Bank Sudan; Al Baraka Bank Limited, South Africa; Al Baraka Bank Lebanon; Al Baraka Bank Tunisia; Al Baraka Bank Egypt; Al Baraka Turk Participation Bank, Al Baraka Bank Syria and representative offices in Indonesia and Libya (under formation).