Al Baraka Banking Group appoints new chairman

Abdullah Saleh Kamel has served as vice-chairman and chairman of the executive committee for several years

  

MANAMA: Abdullah Saleh Kamel has been appointed as chairman of Al Baraka Banking Group, to succeed the late Shaikh Saleh Abdullah Kamel, the founder of the group who passed away last month.

A statement by the bank’s board said the Central Bank of Bahrain has approved the appointment.

Abdullah Saleh Kamel has served as vice-chairman and chairman of the executive committee for several years.

Additionally, he is the chairman of Aseer Company, chairman of Amlak Real Estate Development and Finance, chairman of Okaz Press and Publishing Corporation and vice-chairman of King Abdullah Economic City Emaar.

Abdullah Saleh Kamel has previously held various executive positions at Dallah Al Baraka Group, culminating in the position of vice-president for business sector until 1999.

He has over 30 years’ experience in key business, investment and banking positions.

Abdullah Saleh Kamel said, “I extend my thanks and appreciation to the board for appointing me to the position, which I believe is a great challenge, because I succeed the founder of the group, who was known to all as the pioneer of modern Islamic banking and the founder of its renaissance in many Islamic countries. We have pledged ourselves to stick to his principles and approach, and follow the noble values in continuing the success and excellence of the group.”

Adnan Ahmed Yousif, president and chief executive of Al Baraka Banking Group, said, “While the departure of the group’s founder, Shaikh Saleh Abdullah Kamel, is an enormous loss for us, Mr Abdullah is also one of the founders of the group, and we have full confidence in his wisdom in leading the group that will continue to pioneer the Islamic banking industry regionally and internationally.”

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