Manama | January 15, 2020
Al Baraka Banking Group (ABG) and Al Baraka Islamic Bank (Al Baraka Bank Bahrain) recently honored staff who have completed 5 and 20 years of continuous service to the organization, at a ceremony held on 14 Jan 2020 at the Al Baraka Headquarters in Bahrain Bay.
Mr. Adnan Ahmed Yousif, President & Chief Executive of Al Baraka Banking Group and Mr. Hamad A. Al Oqab, CEO of Al Baraka Islamic Bank, Bahrain honored the staff in the presence of members of the Executive Management and other senior officials of the Group and the Bank.
On this occasion, Mr. Adnan Ahmed Yousif expressed his great pride for the honorees who had a role to play in the development and prosperity of both the Group and Bank's businesses since their inception, and thanked them for actively and sincerely contributing to its success, and wished them further success.
The President & Chief Executive also expressed his appreciation to the members of the Executive Management of the Group and the Bank for their valuable efforts over the past years towards achieving the goals and aspirations of the Group, which has enabled them to assume their current prestigious regional and global position.
For his part, Mr. Hamad Al Oqab, Chief Executive Officer of Al Baraka Islamic Bank said "As we celebrate the honoring of another batch of our Bank employees who have contributed to the Bank’s achievements through long years of service, I would like to take this opportunity to extend my warm congratulations to them for their loyalty and service to the Bank".
Mr. Al Oqab added that the Bank is keen to honor every employee whose service had exceeded more than a five years, and this is a proof of the senior management's appreciation for their devotion and contribution to the Bank's progress. It also shows the pride the senior management takes in the employees' achievements in training and preparing a new generation of qualified employees who would continue serving the Bank with the same dedication and professionalism,
He added "The Long Service Award is also a true translation of the Bank's policy which views human resources as instrumental in the qualitative development and success of work. This policy attaches great importance to the recruitment of highly qualified staff in both technical and administrative positions. The Bank also strives to constantly enrich its human capital by providing them with technical and administrative qualification at the highest levels."
The ceremony witnessed the distribution of discretionary gifts to the honorees.
About Al Baraka
Al Baraka Banking Group B.S.C. (ABG) is licensed as an Islamic wholesale bank by the Central Bank of Bahrain and is listed on Bahrain Bourse and NasdaqDubai. It is a leading international Islamic banking group providing its unique services in countries with a population totaling around one billion.
The Group has a wide geographical presence in the form of subsidiary banking units and representative offices in 17 countries, which in turn provide their services through over 700 branches. Al Baraka Banking Group has operations in Jordan, Egypt, Tunis, Bahrain, Sudan, Turkey, South Africa, Algeria, Pakistan, Lebanon, Saudi Arabia, Syria, Morocco and Germany, in addition two branches in Iraq and two representative offices in Indonesia and Libya.
ABG and its Units offer retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of ABG is US$ 2.5 billion.
ABG is rated BB (long term) / B (short term) by Standard & Poor's and BBB+ (long term) / A3 (short term) by Islamic International Rating Agency (IIRA). IIRA has also rated ABG on the national scale at A+ (bh) / A2 (bh) with a fiduciary score of 81-85, the highest level amongst Islamic Financial Institutions in the region.