Abdul Rahman Abdullah Mohammed Joins Board of Directors of Al Baraka Islamic Bank
- Bahrain: Wednesday, September 26 - 2012 at 16:44
Al Baraka Islamic Bank B.S.C (C) announced the joining of Mr. Abdul Rahman Abdullah Mohammed to the Bank's Board after the adoption of the appointment by the Central Bank of Bahrain.
Mr. Abdul Rahman expertise extends over 36 years in the banking business in a number of banks most recently served as General Manager of the Banking Group in National Bank of Bahrain, and before that served as Assistant General Manager for Corporate Banking Services, Senior Manager in the Strategic Planning Management in the same Bank and other important positions.
Mr. Abdul Rahman holds a master degree in business administration from the University of Hull in the United Kingdom.
On this occasion, Mr. Khalid Rashid Al Zayani, Chairman of Al Baraka Islamic Bank said, "We are very delighted for the accession of Mr. Abdul Rahman Abdullah Mohammed to the membership of the Board of Directors of the Bank, bringing with him experience of three and a half decades in the areas of banking in the local market, and thus, he constitutes high value added to the Bank."
For his part, Mr. Adnan Ahmed Yousif, Vice Chairman of Al Baraka Islamic Bank and President and Chief Executive of Al Baraka Banking Group, said, "Mr. Abdul Rahman brings to the Board of Directors of Al Baraka Islamic Bank rich expertise and experience in commercial banking in the local market, which will contribute to support the implementation of the Bank's strategy in the expansion in the domestic market. The fact that Mr. Abdul Rahman is an independent member of the Board of Directors, this reinforces the rules of governance in the Bank."
Al Baraka Islamic Bank B.S.C (C) is a subsidiary banking unit of Al Baraka Banking Group B.S.C 'ABG'. Al Baraka Banking Group is a Bahrain Joint Stock Company Licensed as an Islamic Wholesale Bank by Central Bank of Bahrain, listed on Bahrain Bourse and Nasdaq Dubai stock exchanges.
It is a leading international Islamic bank providing its unique services to around one billion people and with Standard and Poors' investment grade long term counterparty credit rating of BBB- / A-3 'Short Term'. Al Baraka offers retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a.
The authorized capital of Al Baraka is $1.5bn, while total equity amounts to about $1.8bn. The Group has a wide geographical presence in the form of subsidiary banking Units and representative offices in fifteen countries, which in turn provide their services through more than 400 branches.
Al Baraka is currently having a strong presence in Jordan, Tunisia, Sudan, Turkey, Bahrain, Egypt, Algeria, Pakistan, South Africa, Lebanon, Syria, Indonesia, Libya, Iraq and Saudi Arabia.
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