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عربي

Al Baraka Banking Group

   (BARKA.BSE)
Also known as: ABG, Al Baraka, Al Baraka Group
Last Trade
1.020USD
+ 2.00%
 
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Updated: Aug 31, 2011
 
 
 
Country

Bahrain

Ownership Type
Publicly Listed
Company Type
Joint Stock
 
 
 
  
Zawya Industry Classifications (ZIC)
Sector Industry

Financial Services
 
Principal Activities
Provides Islamic direct investment services in the financial services sector.
 
Date of Establishment Year
2002 (June)
 
No of Employees
8,683 (66 Company, 8,683 Group, N/A Headquarters) (As of Aug 22, 2011)
 
Representative Offices
Indonesia    
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Bahrain SE  BARKA BARKA.BSE Ordinary USD
Nasdaq Dubai  BARKA BARKA.DIFX Ordinary USD
 
 
Contact Details
Address:
Al Baraka Tower
Diplomatic Area
P.O. Box 1882
Manama  
Capital
Bahrain
 
Tel:
+973 17-541122
 
Fax:
+973 17-536533
 
Email:
info@albaraka.com
 
Website:
www.albaraka.com
 
Related Links:
www.albarakaturk.com.tr
www.asp-jo.com
www.albaraka.co.za

 
 
 IPO Details
Listing Date:
04Sep06
Size of Offering:
$581.84M
Equity Offering:
30%
Lead
Managers:
Gulf International Bank
 
 
 M&A Details
 
Acquistion
 
Status
In-Process
 
Acquirer
 
Target
 
Announcement Date
18 May 2011
 
 
 Major Shareholders  Section Updated: 15Sep11
Name   Type  Country  Holding 
Sheikh Saleh Abdullah Kamel  Private Saudi Arabia 30.11% 
Dallah Albaraka Group [via Dallah Albaraka Holding Company - Bahrain]  Corporate Saudi Arabia 26.64% 
Altawfeek Company for Investment Funds  Corporate Saudi Arabia 19.32% 
Abdullah Abdulaziz Saleh Al Rajhi  Private Saudi Arabia 6.81% 
Qatar Islamic Insurance Company  Corporate Qatar -
Public   - 17.12% 
 Note: Qatar Islamic Insurance Company's shareholding is part of the public stake.
 
 
 Foreign Ownership Limits
Section Updated: 09Dec09
Owned Permitted
100%
GCC Nationals
 
100%
Foreigners
 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Al Baraka Bank Lebanon Lebanon 98.50%
Al Baraka Islamic Bank Bahrain 91.12%
Al Baraka Bank Sudan Sudan 82.08%
Al Baraka Bank Egypt Egypt 73.68%
Jordan Islamic Bank Jordan 66.00%
Al Baraka Bank South Africa [ABL] South Africa 61.77%
Al Baraka Properties [via Al Baraka Bank] South Africa 61.77%
Al Baraka Turk Participation Bank [ATPB] Turkey 56.64%
Banque Al Baraka d'Algérie Algeria 55.90%
Egyptian Saudi Finance Real Estate Egypt 40.00%
Best Lease Tunisia 28.00%
Al Baraka Bank Syria Syria 23.00%
Investments
Name  Country  Holding 
Al Aman Takaful Insurance Lebanon -
 
 
 Representatives
Auditors
Ernst and Young Bahrain  
 
 
 Financial Results  31-Dec-09  31-Dec-10   Yr on Yr 
  USD'000 USD'000 change (%)
Total revenues  1,626,628 1,706,428 4.91
Net profit  91,758 105,607 15.09
Total assets 13,166,277 15,879,933 20.61
Paid-up capital 744,000 790,500 6.25
Shareholders' Equity 1,214,360 1,224,665 0.85
Shares outstanding 744,000 790,500 6.25
Market capitalization 1,145,760 1,185,750 3.49
Note: Current shares outstanding is 869,550,000
 
 
 
 
 
 

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