Al Baraka Banking Group BSc - Company Profile
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Al Baraka Banking Group BSc (ABG) is a banking and other related financial services provider. The bank, along with its subsidiaries, provides a range of retail, wholesale, investment, and Islamic banking solutions with a prime focus on individual, corporate and commercial customers. It also provides treasury services. The principal subsidiaries of the bank includes Banque Al Baraka D’Algerie, Al Baraka Islamic Bank – Bahrain, Al Baraka Bank Tunis, Al Baraka Bank Egypt, Al Baraka Bank Lebanon, Jordan Islamic Bank, Al Baraka Turk Participation Bank, Al Baraka Bank Limited, Al Baraka Bank Sudan, BTI Bank, and Al Baraka Bank Syria. It operates through a network of branches and representative offices in Jordan, Tunisia, Germany, Sudan, Turkey, Bahrain, Egypt, Algeria, Pakistan, South Africa, Lebanon, Syria, Indonesia, Libya, Iraq, Morocco, and Saudi Arabia. ABG is headquartered in Manama, Bahrain.
Al Baraka Banking Group BSc premium industry data and analytics
Products and Services
Products | Services |
---|---|
Accounts: | Treasury |
Current | Leasing |
Investment | Letters of Guarantee |
XYZ | XYZ |
XYZ | XYZ |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Contracts/Agreements | In December, the company entered into an agreement with IFC to improve access to funding for Egypt's micro, small, and medium-sized companies (MSMEs). |
2023 | Others | In July, the company announced the completion of its exit from its subsidiary, Bank Al-Tamweel wal Al-Inma S.A (the “Bank”) in Morocco. |
2022 | Contracts/Agreements | In December, the company entered into an agreement to sell its 43.65% stake in Bank Al-Tamweel Wa Al-Inma (BTI) to Bank of Africa. |
Competitor Comparison
Key Parameters | Al Baraka Banking Group BSc | Ahli United Bank BSc | Al Salam Bank BSC | National Bank of Bahrain BSc | Ithmaar Holding BSC |
---|---|---|---|---|---|
Headquarters | Bahrain | Bahrain | Bahrain | Bahrain | Bahrain |
City | Manama | Al Seef | Manama | Manama | Manama |
No. of Employees | 12,026 | 4,304 | - | 561 | 248 |
Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Houssem Ben Haj Amor | Director; Chief Executive Officer | Executive Board | 2022 | - |
Suhail Tohami | Head - Treasury; Senior Vice President | Senior Management | 2018 | - |
Abdullah Saleh Kamel | Chairman | Non Executive Board | 2020 | - |
Mohammed A. Al Alawi | Senior Vice President; Head - Internal Audit | Senior Management | 2018 | - |
Ali asgar Mandasorwala | Head - Finance; First Vice President | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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