Al Baraka Group B.S.C.

Mubasher: Al Baraka Banking Group (ABG), listed on Bahrain Bourse and the Egyptian Exchange (EGX), has launched an inter-franchise collaboration portal to enhance business opportunities for customers in Egypt and Pakistan. The partnership …

Mubasher: The total net income of the Bahrain-based Al Baraka Banking Group (ABG) declined by 8% to $166 million in 2020, compared to $180 million in 2019. Lower net income was attributed to the group's higher precautionary provisions allocated to …

Mubasher: The Bahrain-based Al Baraka Banking Group (ABG) achieved a total net income of $132 million during the first nine months of 2020, which is the same level of profits achieved during the last-year period. The group allocated 204% higher …

Mubasher: Al Baraka Banking Group, dually-listed on Bahrain Bourse and Nasdaq Dubai, announced the appointment of Abdullah Saleh Kamel as the board's new chairman. Previously, the chairman position was held by the late Sheikh Saleh Abdullah Kamel, …

Riyadh – Mubasher: Prominent Saudi businessman, the chairman and founder of Dallah Al Baraka Group, Sheikh Saleh Abdullah Kamel died on Monday, aged 79. Saleh Kamel was one of the region’s biggest investors in the media industry as the founder of …

Mubasher: The net income of Al Baraka Bank South Africa, a subsidiary of Al Baraka Banking Group, has increased by 11% to ZAR 73 million ($5 million) in 2019 when compared to 2018. The bank reported a 7% rise in total assets to ZAR 7.35 billion ($ …

Mubasher: The shareholders of Al Baraka Banking Group, listed on Nasdaq Dubai and Bahrain Bourse, have approved distributing cash dividends for 2019. The dividends represent 2% of the share's nominal value, or 2 cents per share, aggregating at an …

Mubasher: Al Baraka Bank South Africa, a subsidiary banking unit of Al Baraka Banking Group, reported a 64% year-on-year increase in net income during the first six months of 2019, recording $3.7 million. The bank’s total assets grew by 6% to $503 …

By: Enas Bahgat Mubasher: Al Baraka Banking Group, listed on Nasdaq Dubai and the Bahrain Bourse, seeks to enter new markets in line with its continued growth since the beginning of the year. The group’s current investments stood at nearly $18 …

Mubasher: Al Baraka Banking Group’s profit declined by 18% year-on-year to $32.17 million during the second quarter of 2019, according to a statement released on Tuesday. In the first half of 2019, the group’s profit went down by 24% to $56.16 …

Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, and the Bahrain-based Islamic multinational banking group Al Baraka Banking Group on Sunday announced the signing of a memorandum of understanding …

Mubasher: Al Baraka Banking Group, listed on the Bahrain and Nasdaq Dubai, on Tuesday reported a 31.4% year-on-year profit increase during the first quarter of 2019, recording $23.99 million. Operating income declined to $23.99 million in Q1-19 …

Mubasher: Al Baraka Banking Group in Bahrain has signed a memorandum of understanding (MoU) with Bahrain Institute of Banking & Finance (BIBF), Bahrain’s top provider of quality education and specialised training across all major business …

Mubasher: Al Baraka Banking Group, listed on the Bahrain and Nasdaq Dubai, reported a 9.8% year-on-year profit decline in third quarter of 2018, registering $23.94 million compared to $26.55 million. The sharia-compliant lender’s net operating …

Mubasher: Al Baraka Banking Group – Turkey (Al Baraka Turk), has issued leasing certificates, sukuk, at a total value of 250 million Turkish Lira ($40.6 million). Al Baraka Turk, which is listed on Nasdaq Dubai and Bahrain Bourse (BHB), has issued …

By: Bedour Al Raee Dubai - Mubasher: Al Baraka Banking Group is planning to open the first digital Islamic bank in Berlin, which will be affiliated to Al Baraka Bank Turkey, the group’s CEO Adnan Ahmed Yusuf told Mubasher in an interview.   North …

By: Islam Fadl Cairo – Mubasher: Al Baraka Banking Group is looking to boost its market share in the Egyptian private sector to 15% from 7% in the coming few years. The group seeks to raise its budget by EGP 39 billion to reach EGP 100 billion by …

By: Amr Fouad Mubasher: Al Baraka Banking Group is expected to see better results in 2018, as Arab currencies grow, while the group plans to open new branches in Egypt, Morocco, and Iraq in the coming months, CEO Adnan Ahmed Yousif told Mubasher …

Dubai - Mubasher: Al Baraka Banking Group BSC (ABG) on Tuesday said its net income attributable to the parent decreased by 8% year-on-year to $32 million in the fourth quarter of 2017 from $35 million in the comparable period a year earlier. For …

Mubasher: Al Baraka Banking Group has reported that its Islamic Sukuk issue was five times oversubscribed, reaching an amount of $1.6 billion. The value of the issue was initially $300 million, but was increased to $400 million on 23 …

Mubasher: Al Baraka Banking Group will hold a meeting with a consortium of banks to arrange the issue of US dollar-denominated sukuk, according to a bourse statement issued on Tuesday. Al Baraka has mandated Standard Chartered Bank as the global …

Mubasher: Al Baraka Banking Group on Wednesday reported a 25.17% decline in net profits and a 10.03% drop in net profits attributed to shareholders in the first quarter of 2017 ended 31 March, compared to Q1-16. Net profits stood at $51.51 million …

Mubasher: Al Baraka Banking Group said that the value of Al Baraka Turk Participation Bank’s banking facility Murabaha stands at $213 million, according to a bourse statement issued on Wednesday. This Murabaha loan is earmarked for expanding Al …

Mubasher: The ordinary general meeting (OGM) of Al Baraka Banking Group approved the board’s recommendation of distributing cash dividends and bonus shares for fiscal year 2016. Al Baraka’s board proposed a cash dividend of 1% or 1 cent per share, …

Mubasher: Al Baraka Banking Group posted a decline of 11.5% in profits during the fourth quarter of 2016 as compared to the same period a year ago. Earnings totaled $63.8 million in Q4-16 from $72.1 million in Q4-15, according to a bourse filing …