Latest news with #Alsharifi
Daily Tribune
03-07-2025
- Business
- Daily Tribune
BBK launches largest-ever Al Hayrat Prizes
BBK, a leader in retail and corporate banking in the Kingdom of Bahrain, has announced the launch of the largest edition ever of its Al Hayrat Prize scheme in the Bank's history and which includes a total of BD 5 million awarded in cash prizes to more than 2,000 winners. Over the span of the scheme, BBK will continue to deliver an extensive array of weekly, monthly and grand prizes draws. This also includes additional loyalty prizes, women's prizes, youth prizes and senior citizens and residents' prizes. Mr. Yaser Alsharifi, Group Chief Executive of BBK, commented, 'The scheme consists of prizes worth BD 5 million to over 2,000 winners. This significant enhancement to the scheme was largely driven by customer feedback, ensuring it is tailored to meet their specific needs. This initiative represents a once-in-a-lifetime opportunity for our customers to win life-changing prizes and fulfil their aspirations.' Mr. Alsharifi further added, 'This initiative reflects our ongoing strategy to foster meaningful, long-term relationships with our valued customers while encouraging a culture of saving through Al Hayrat account.' Mr. Ahmed Taqi, General Manager of Retail Banking at BBK, stated, 'We are proud to unveil the largest edition ever of the Al Hayrat scheme to date, representing a defining milestone in the evolution of this flagship account.' Every BD 50 deposited in the Al Hayrat account enables you to get a chance to win the weekly, monthly and grand cash prizes. The multiple grand prizes throughout the scheme consist of prizes that exceed BD 1 million in value per grand draw and include individual prizes worth BD 500,000, BD 200,000, BD 100,000 and many other prizes.
Daily Tribune
20-05-2025
- Business
- Daily Tribune
BBK promotes four Bahraini professionals to Assistant General Manager positions
BBK, a leader in retail and corporate banking in Bahrain, has announced the promotion of four of its distinguished employees to the position of Assistant General Managers. This initiative reflects the Bank's enduring commitment to fostering the advancement of Bahraini professionals with outstanding capabilities and supporting their progression into senior leadership roles across various departments. The promotions were granted to Ahmed Salah Sultan in the Retail Banking Division; Ahmed A. Qudoos in Group Corporate Secretariat; and Adnan Al Ameer and Nasser Mohammed Al Alawi in International Banking. Each of these professionals has consistently demonstrated exceptional performance, professionalism, and dedication, earning this recognition through years of distinguished service to the Bank. On this occasion, Yaser Alsharifi, BBK's Group Chief Executive, extended congratulations to the newly promoted employees, emphasizing that their advancement reflects the Bank's commitment to nurturing internal talent through consistent and strategic investment in employee development. Alsharifi commented, 'BBK's mission is deeply rooted in empowering Bahraini professionals across all areas of the organization, equipping them to take on leadership roles and play an integral part in the Bank's sustained growth. We firmly believe that our employees are our greatest asset, and every milestone we achieve is a direct result of their loyalty, expertise, and commitment to excellence.' Alsharifi also reaffirmed BBK's dedication to continuously developing national talent, underlining the Bank's resolve to lead in enhancing Bahrainization rates in the financial sector. This approach aligns closely with Bahrain's Vision 2030, which places a strong emphasis on empowering local talent and strengthening institutional excellence. Hassaan Burshaid, BBK's Group Chief Human Resources and Administration Officer, stated that BBK's investment in its employees remains a key pillar of the Bank's growth and transformation strategy, noting that an impressive Bahrainization rate of 96% was achieved in 2024—a milestone that reflects sustained efforts to advance national workforce development in banking and financial sector. Burshaid said, 'We are determined to continue increasing the Bahrainization percentage, particularly in the leadership roles, while working to achieve our corporate objectives and drive leadership within the sector.'
Daily Tribune
13-05-2025
- Business
- Daily Tribune
Alsharifi represents Bahraini Banking sector on Union of Arab Banks' board
The Union of Arab Banks (UAB) announced the selection of Yaser Alsharifi, Chairman of the Bahrain Association of Banks, as the representative of the Bahraini banking sector at the Union. Alsharifi received an official letter from Dr. Wissam H. Fattouh, Secretary-General of the Union of Arab Banks, congratulating him on his appointment as a member of the Union's Board of Directors in its eighteenth term. In the message, Dr. Fattouh welcomed Alsharifi as the representative of the Bahraini banking sector and commended his anticipated role in strengthening the Union's efforts to advance Arab cooperation and establish a solid foundation for the Union to fulfil its mission in supporting the development of Arab economies and societies. In a statement issued on the occasion, Alsharifi underscored his commitment to sharing Bahrain's pioneering experiences in the banking industry, fostering the exchange of best practices, and collaborating with fellow board members to shape forward-looking banking policies that respond to global economic shifts and promote sustainable development across the Arab region. Alsharifi took part in the 120th ordinary meeting of the Board of Directors of the Union of Arab Banks, during which key leadership positions were elected as part of the Union's eighteenth term. This included the election of the Chairman and Vice-Chairman of the Board, the selection of Board members to serve on the Executive Committee, as well as the appointment of the Chair and Vice-Chair of that committee. The meeting also saw the election of members and the Chair of the Audit Committee, and the formation of the Investment Committee tasked with mobilising financial resources, including the election of its Chair and members. In addition, a memorandum of understanding was signed to establish the Islamic Banks Committee, and two members were nominated to join the Board of Trustees of the Arab Academy for Administrative, Financial and Banking Sciences. Alsharifi also participated in the Arab Banking Conference 2025, held in Cairo under the patronage of Mr. Hassan Abdalla, Governor of the Central Bank of Egypt. Convened under the theme 'Public-Private Partnerships for Financing the Economy,' the conference brought together an esteemed assembly of leaders, policymakers, and key stakeholders from across the Arab financial landscape. The conference featured awards ceremony recognising the recipient of the 'Arab Investment and Banking Personality' accolade, followed by a series of high-level sessions. The first addressed 'The Role of Public-Private Partnerships in Financing Economic Growth,' while the second explored 'The Contribution of Islamic Banking to Financing the Economy and Sustainable Development.' The second day included a session on 'Innovative Financing Mechanisms for Public-Private Partnerships,' a panel on 'The Role of Multilateral Development Banks and International Financial Institutions in Financing PPP Projects,' and concluded with a session examining 'The Regulatory and Policy Framework for Enabling Effective Partnerships.'
Biz Bahrain
13-05-2025
- Business
- Biz Bahrain
Alsharifi Represents Bahraini Banking Sector on the Board of Union of Arab Banks
The Union of Arab Banks (UAB) announced the selection of Yaser Alsharifi, Chairman of the Bahrain Association of Banks, as the representative of the Bahraini banking sector at the Union. Alsharifi received an official letter from Dr. Wissam H. Fattouh, Secretary-General of the Union of Arab Banks, congratulating him on his appointment as a member of the Union's Board of Directors in its eighteenth term. In the message, Dr. Fattouh welcomed Alsharifi as the representative of the Bahraini banking sector and commended his anticipated role in strengthening the Union's efforts to advance Arab cooperation and establish a solid foundation for the Union to fulfil its mission in supporting the development of Arab economies and societies. In a statement issued on the occasion, Alsharifi expressed his appreciation for the Union's confidence in appointing him to its Board of Directors and affirmed that this nomination reflects the prominent standing of the Kingdom of Bahrain's banking and financial sector and its significant contribution to advancing the Union's mission of achieving greater Arab banking integration. Alsharifi also underscored his commitment to sharing Bahrain's pioneering experiences in the banking industry, fostering the exchange of best practices, and collaborating with fellow board members to shape forward-looking banking policies that respond to global economic shifts and promote sustainable development across the Arab region. Alsharifi took part in the 120th ordinary meeting of the Board of Directors of the Union of Arab Banks, during which key leadership positions were elected as part of the Union's eighteenth term. This included the election of the Chairman and Vice-Chairman of the Board, the selection of Board members to serve on the Executive Committee, as well as the appointment of the Chair and Vice-Chair of that committee. The meeting also saw the election of members and the Chair of the Audit Committee, and the formation of the Investment Committee tasked with mobilising financial resources, including the election of its Chair and members. In addition, a memorandum of understanding was signed to establish the Islamic Banks Committee, and two members were nominated to join the Board of Trustees of the Arab Academy for Administrative, Financial and Banking Sciences. In a related context, Alsharifi also participated in the Arab Banking Conference 2025, held in Cairo under the patronage of His Excellency Mr. Hassan Abdalla, Governor of the Central Bank of Egypt. Convened under the theme 'Public-Private Partnerships for Financing the Economy,' the conference brought together an esteemed assembly of leaders, policymakers, and key stakeholders from across the Arab financial landscape. The conference featured a distinguished awards ceremony recognising the recipient of the 'Arab Investment and Banking Personality' accolade, followed by a series of high-level sessions. The first addressed 'The Role of Public-Private Partnerships in Financing Economic Growth,' while the second explored 'The Contribution of Islamic Banking to Financing the Economy and Sustainable Development.' The second day included a session on 'Innovative Financing Mechanisms for Public-Private Partnerships,' a panel on 'The Role of Multilateral Development Banks and International Financial Institutions in Financing PPP Projects,' and concluded with a session examining 'The Regulatory and Policy Framework for Enabling Effective Partnerships.'
Biz Bahrain
08-04-2025
- Business
- Biz Bahrain
Bahrain Association of Banks Convenes Its Ordinary General Assembly Meeting
The Bahrain Association of Banks (BAB) convened its Ordinary General Assembly Meeting remotely via an online platform, with participation from representatives of various banking and financial institutions. The session addressed several key agenda items aimed at advancing the Association's strategic mission, reinforcing its pivotal role in supporting the Kingdom's banking industry, and sustaining the sector's ongoing growth and leadership. During the meeting, members unanimously approved the proposed agenda and the minutes of the previous assembly. Attendees reviewed the Board of Directors' 2024 report on the Association's activities and accomplishments. The external auditor's report for the year, submitted by Grant Thornton, was also presented and discussed. Furthermore, participants examined the Association's financial performance and ratified the audited financial statements for 2024, in addition to appointing the external auditor for the fiscal year 2025. In his address, Mr. Yaser Alsharifi, Chairman of BAB, provided a detailed overview of the Association's principal initiatives and projects undertaken in 2024, and highlighted BAB's contributions to Bahrain's economic and social development, including programs and campaigns cantered on corporate social responsibility and sustainable development. The Association's efforts to promote awareness on topics relevant to the financial sector were also emphasised, particularly within the context of its role as a strategic partner in implementing the Financial Services Sector Development Strategy 2022–2026. Mr. Alsharifi also outlined the Association's forward-looking plans for 2025, affirming its commitment to pursuing initiatives that align with the evolving landscape of the banking industry. BAB intends to intensify efforts in developing training and capacity-building programmes for Bahraini professionals, expand support for bank-led financing of SMEs, and further empower its specialised committees to foster an enabling environment for institutional growth. The Association also aims to deepen collaboration with financial institutions to bolster their involvement in national development projects. A major area of focus will be innovation and the acceleration of digital transformation in banking services, with the Association continuing to champion initiatives that drive technological advancement. Notably, in 2024, BAB held a special awards ceremony to recognise institutions that excelled in digital transformation, as part of the Association's 'Digital Transformation in the Banking Sector' awards programme. Commenting on the Association's progress, Dr. Waheed Al Qassim, Chief Executive Officer of BAB, expressed pride in the milestones achieved throughout 2024, and noted that these accomplishments significantly contributed to the advancement of Bahrain's banking industry and reinforced the sector's substantial role in national GDP growth. Dr. Al Qassim underscored the Association's ongoing collaboration with strategic partners to ensure the adoption of global best practices in banking and the provision of secure, seamless financial services. Dr. Al Qassim further praised the resilience and operational strength demonstrated by Bahrain's banking sector over the past year. Despite global economic fluctuations, the sector continued to perform robustly, upholding compliance with regulatory and supervisory standards while maintaining strong capital adequacy, prudent provisioning, and financial flexibility.
