The Information Technology, Digitalization and Information Security Management Committee at the Head Office governs and supports the Group’s IT, digital transformation, and information security strategies, policies, projects, and initiatives across all Al Baraka Group subsidiaries. Its mandate is to ensure full alignment with the Group’s strategic objectives while also accommodating the needs of each subsidiary’s local strategy.
The Group’s short, medium, and long-term IT and digitalization strategies are now well established and standardized around carefully chosen core banking solutions, which have been successfully implemented across all subsidiaries. The Committee continuously monitors and updates these strategies to ensure they remain agile and responsive to the evolving needs of the Group, enabling ABG to achieve its long-term strategic ambitions.
To measure performance, ABG operates a robust, web-based financial consolidation and reporting solution that tracks key performance indicators aligned with Group objectives. This platform consolidates data from subsidiaries in their local currencies and processes monthly, quarterly, and annual reports in U.S. dollars, providing a clear view of performance benchmarks and supporting continuous monitoring and analysis.
All Group subsidiaries have implemented advanced core banking systems approved by the Head Office, ensuring compliance with regulatory requirements for enhanced automation. In parallel, subsidiaries are introducing complementary systems in areas such as risk management, cyber security, digital banking, and mobile services. The Information Technology, Digitalization and Information Security Management Committee also works closely with subsidiaries to deploy systems that automate compliance with international Anti-Money Laundering (AML) and Know-Your-Client (KYC) regulations, as well as the Foreign Account Tax Compliance Act (FATCA). These systems further strengthen security by screening transactions against the Office of Foreign Assets Control (OFAC) sanctions list.
Business continuity and resilience remain a top priority. Each subsidiary operates a disaster recovery center, tested and audited annually, under a unified Group-wide standard of business continuity and disaster recovery. This ensures that best practices are consistently adopted across the network. The Group also provides guidance, frameworks, and oversight to equip subsidiaries with the right people, technologies, and policies to defend against cyber threats and financial crime.
Through these measures, ABG ensures that technology, digital innovation, and information security remain powerful enablers of sustainable growth, operational resilience, and customer trust.