Al Baraka Banking Group Wins First Webranking Award
Al Baraka Banking Group B.S.C (ABG) announced that its corporate website has been ranked number one among largest Bahraini listed companies for the year 2010. Results have been announced during the GCC 2010 Webranking annual Survey and Awards. The announcement was made during the ‚ÄúSuccess in Digital Investor Relations‚ÄĚ seminar held in Abu Dhabi under the support of the Middle East Investor Relations Society.
The Webranking scoring was based on technical survey handled by an independent international firm Hallvarsson & Hallvarsson H&H, the specialist firm based in Sweden.
"The H&H Webranking survey 2010 highlights the growing importance of online communications with investors, analysts and business media, a trend which corporations in the GCC increasingly recognize as a key aspect of any successful investor relations strategy," says Staffan Lindgren , Executive Partner of Hallvarsson & Halvarson (H&H),
Mr. Adnan Ahmed Yousif, President & Chief Executive of Al Baraka Banking Group said that "winning this advance website ranking is representing AlBaraka commitments to the investors and shareholders. It also motivates us to continue work on implementing high level of online communications with the investment community, markets and clients.
He added: our priority is to maintain the accessibility to the fair data of our financial position and performance to which maintain high level of transparency.
Al Baraka Banking Group www.albaraka.com is a Bahrain Joint Stock Company listed on Bahrain Bourse and Nasdaq Dubai. It is a leading international Islamic bank with Standard and Poors long term and short term credit ratings of BBB- and A-3 respectively. ABG offers retail, corporate and investment banking and treasury services strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of ABG is US$1.5 billion, while total equity amounts to about US$1.7 billion.
The Group has a wide geographical presence in the form of subsidiary banking units and representative offices in thirteen 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, Al Baraka Turk Participation Bank, Al Baraka Bank Syria and a Group representative office in Indonesia and Libya (under formation).