Friday, 27 November 2009 | 14:03 UAE time
COMPANIES
Albaraka Banking Group
- 1.02 Last
- -0.02 (-1.92%) Today's Change
- 76,000 Volume
- 0.93-2.58 52 Week Range
- -1.33 (-56.65%) 52 Week Change
COMPANY DESCRIPTION
Albaraka Banking Group (ABG) aims to provide global Islamic banking service for the Arab World and Muslims worldwide. ABG is involved in Islamic retail, commercial and investment bankingIn July 2006, the ABG Group completed an Initial Public Offering of its shares, converting the bank from a closed shareholding company into a public joint stock company.
The bank is currently 55% owned by Dallah Al Baraka Holding Company, Bahrain. The public and strategic shareholders own 45%.
The bank is listed on the Bahrain Stock Exchange (BSE) and Dubai International Financial Exchange (DIFX).
KEY INFORMATION
Industry
Commercial Banks, Investment Banks, Investment Funds
Address
Albaraka Tower, 1882, Manama, Bahrain
T
973 17541122
F
973 17536533
E
-
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 27 June 2002 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Dubai Investments Company | companies | 0.95 | UAE |
| Emirates Bank International | companies | 1 | UAE |
| Barwa Real Estate Company | companies | Qatar | |
| Dallah Albaraka Holding Company - Bahrain | companies | Bahrain | |
| Abdullah Abdulaziz Saleh Al Rajhi | individuals | Saudi Arabia | |
| Fahad Abdullah Al Rajhi | individuals | Saudi Arabia | |
| Saleh Abdullah Mohammad Kamel | individuals | Saudi Arabia |
PORTFOLIO
| Name | Country |
|---|---|
| Albaraka Bank of South Africa | South Africa |
| Albaraka Bank - Lebanon | Lebanon |
| Albaraka Bank - Sudan | Sudan |
| Albaraka Bank - Syria | Syria |
| Albaraka Islamic Bank | Bahrain |
| Albaraka Turkish Participation Bank | Turkey |
| Banque Albaraka d' Algérie | Algeria |
| Beit Ettamouil Saoudi Tounsi | Tunisia |
| Egyptian Saudi Finance Bank | Egypt |
| Jordan Islamic Bank for Finance and Investment | Jordan |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Saleh Abdullah Mohammad Kamel | Chairman |
| Abdullah Ammar Al Saudi | Vice Chairman |
| Abdullah Saleh Kamel | Board Member |
| Mahmoud Jameel Hasoubah | Board Member |
| Ibrahim Fayez Al Shamsi | Board Member |
| Abdulelah A. Sabbahi | Board Member |
| Jamal Bin Galaita | Board Member |
| Yousef Ali Fadil Bin Fadil | Board Member |
| Adnan Ahmad Youssef | Board Member |
| Anwar Ibrahim | Board Member |
| Samer Mohammed Adnan Farhoud | Board Member |
| Saleh Mohammed Al Youssef | Board Member |
| MANAGEMENT | Position |
| Abdulrahman Shehab | Senior Vice President - Operations and Administration |
| Majeed Alawi | Senior Vice President - Head of Internal Audit |
| K. Krishnamoorthy | Senior Vice President - Head of Strategic Planning |
| Hamad Eqab | Senior Vice President - Head of Financial Control |
| Joseph Peter Sezley | Senior Vice President - Head of Credit and Risk Management |
| Abdulrauf Sivany | First Vice President - Head of Treasury and Investments |
| Salah Othman Abuzaid | First Vice President - Head of Legal Affairs and Compliaince |
| Ahmad Mohyedeen | Head of Research and Development |
| Adnan Ahmad Youssef | President and Chief Executive Officer |
| Othman Ahmed Sulieman | Deputy Chief Executive Officer |
| Abdullah Saleh Kamel | Managing Director |
| SHARIA BOARD | Position |
| Abdulsattar Abu Ghodah | Chairman |
| Abdullah Suleiman Al Munae | Board Member |
| Abdullatif Al Mahmoud | Board Member |
| Ahmad Mohyedeen | Board Member |
| Ezzedine Khoja | Board Member |
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