The Bahrain based Al Baraka Banking Group will hold its 12th Group Strategy Meeting in Bahrain on 16th and 17th November 2011.  Member of the Board of Directors and President & Chief Executive of Al Baraka Banking Group, Mr. Adnan Ahmed Yousif will chair the meeting which will be attended by the President and Chief Executive Officers and General Managers of the Group's Units around the world .

Mr. Adnan Ahmed Yousif said he is looking forward to holding the 12th Group Strategy Meeting of the Group’s banks in the Kingdom of Bahrain, which is considered the most experienced and long history financial center in the Middle East and North Africa. He explained that this meeting will address strategic topics, most notably the business strategies of Group banks during the next phase and coordination among them, as well as aspects related to confirm and consolidate the leading role of banks of the Group to promote the ideology and philosophy of Islamic banking particularly with regard to legal regulations in offering products and services.

Mr. Adnan added “There is no doubt that holding such a meeting, in a difficult period for the world economy that runs the largest financial and economic crisis, which has not spared major financial institutions, is a great success for the Group. This is due, after the Grace of God, to the Group engagement in financial activities and practices that are based on the principles of Islamic law (Sharia), and to all facilities that the Bahrain government and CBB's provided for the success of financial institutions, which enabled us to continue to develop and maintain strong growth at the level of operating income and financing and investment business, and to implement geographic expansion plans with an unprecedented success. This, in turn, proves the merit and efficiency of business plans approved by the Group.

Mr Adnan added that the “The Group will endeavor in the next few years to continue build upon our outstanding success by achieving growth in revenues and in expansion into new markets that present opportunities for us.  The ultimate goal is to make ABG a leading regional and international group with the able help and the support from our stakeholders i.e our shareholders, investors, depositors, dealers, customers, employees and regulatory bodies in countries where we worke's‌.

It is worth mentioning that more than 60 leaders of the Group banks located in Jordan, Sudan, Algeria, Lebanon, Tunisia, Egypt, Syria, South Africa, Turkey, Pakistan, and Indonesia, and Libya attend this meeting.

Al Baraka Banking Group (ABG) is a Bahrain Joint Stock Company listed on Bahrain Bours and Nasdaq Dubai stock exchanges. It is a leading international Islamic bank with Standard and Poors investment grade long term counterparty credit rating of BBB- / A-3 (Short Term) with a Negative Outlook. ABG offers retail, corporate and investment banking and treasury services strictly in accordance with the principles of the Islamic Shari'a. The authorised capital of ABG is US$1.5 billion, while total shareholders’ equity amounts to about US$1.8 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 Bahrain, 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; AlBaraka Turk Participation Bank, Al Baraka Bank Syria and representative offices in Indonesia and Libya (under formation).