Addax Bank announced as headline sponsor for Edward de Bono event in Bahrain
- Bahrain: Wednesday, March 26 - 2008 at 14:41
- PRESS RELEASE
Bahrain-based Addax Bank has been announced as the headline sponsor of the one-day Edward de Bono conference in the Kingdom on June 1.
The bank, which has won a number of international awards in the finance sector, has built its operations on a commitment to innovation in its investment strategy since the bank was founded less than five years ago.
Yousef Al Essa, CEO of Addax Bank, explained: "In today's interconnected world, where technology is playing an increasing role and products are commodities, companies should look to the principles of creativity and lateral thinking to stand out from their competition.
"Dr de Bono's teachings can provide valuable tools for a company-wide innovation strategy, and we are delighted to be sponsoring this event".
Addax posted a 71% increase in net profit year-on-year at the end of December, and a 77% increase in gross consolidated income.
The bank's capital increase year-end was heavily over-subscribed, with Al Waha Capital acquiring a 42.5% stake in the bank.
Tina Schneidermann, president of Global Leaders, said: "We are delighted to join together with Addax to bring the world's foremost creative and lateral thinker, to Bahrain.
"Dr de Bono has advised governments and global organisations on matters as diverse as the economy, social policy, healthcare, education, conflict resolution, and judiciary systems. His methods and lessons are as relevant today as they were when he first revealed the Six Thinking Hats technique".
His Excellency Sheikh Khalid bin Abdulla Al Khalifa, the Minister of the Prime Minister's Court in Bahrain, has confirmed his patronage for the event and will open the event in person.
The full-day conference is the latest in a series of thought leadership events to be held in Bahrain, organised by Global Leaders, following on from Ken Blanchard, the author of One Minute Manager, and Deepak Chopra.
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Notes and Media Contacts »
Global Leaders, 21st Floor, Almoayyed Tower, Seef District, PO Box 18259, Manama, Kingdom of Bahrain.
Tel: +973 17 566739, fax: +973 17 567901.
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