AGM & EGM Meetings for the Year Ended 31/12/2018
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Achieving Growth in a Challenging Environment
Achieving growth in a challenging environment ANNUAL REPORT 2016 Profile Established in 1957 as Bahrain’s first locally owned Bank, NBB has grown steadily to become the country’s leading provider of retail and commercial banking services. With a major share of the total domestic commercial banking market and the largest network of 25 branches and 61 ATMs, the Bank plays a key role in the local economy. At the same time, the Bank continues to diversify and develop capabilities to capture business opportunities in the Gulf region and international markets. Our branches in Abu Dhabi and Riyadh lead the way in this initiative. Publicly listed on the Bahrain Bourse, the Bank is owned 44.94% by private and institutional shareholders, mainly Bahrainis, 44.18% by Bahrain Mumtalakat Holding Company, which is 100% owned by the Government of the Kingdom of Bahrain and 10.88% by Social Insurance organisation. Market driven and customer led, the Bank harnesses the latest technology to people skills, enabling its 585 employees to deliver highly professional services for retail and corporate customers. His Royal Highness His Royal Majesty His Royal Highness Prince Khalifa bin Salman King Hamad bin Isa Prince Salman bin Hamad Al Khalifa Al Khalifa Al Khalifa Prime Minister King of The Kingdom of Bahrain Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister Contents Financial Summary 04 Board of Directors 08 Board of Directors’ Report 10 Statement of the Chief Executive Officer 12 Corporate Governance 14 Executive Management 24 Review -
Listed Companies AGM & EGM Meetings
Listed Companies For the Year Ended AGM & EGM Meetings 31 December 2020 Recommendations Trading AGM / EGM Cum-Dividend Ex-Dividend No. Company’s Name Record Date Remark Symbol Date /Bonus Date /Bonus Date Payment Date Bonus Cash Dividend Shares Commercial Banks Sector 1 Ahli United Bank B.S.C. AUB 2 Al Salam Bank – Bahrain B.S.C. SALAM 3 Bahrain Islamic Bank B.S.C. BISB 4 BBK B.S.C. BBK Khaleeji Commercial Bank 5 KHCB B.S.C 6 National Bank of Bahrain B.S.C. NBB Listed Companies For the Year Ended AGM & EGM Meetings 31 December 2020 Recommendations Trading AGM / EGM Cum-Dividend Ex-Dividend No. Company’s Name Record Date Remark Symbol Date /Bonus Date /Bonus Date Payment Date Bonus Cash Dividend Shares Commercial Banks Sector 7 Ithmaar Holding B.S.C ITHMR Investment Sector Al Baraka Banking Group 8 BARKA B.S.C. 9 INOVEST B.S.C INOVEST Arab Banking Corporation 10 ABC B.S.C. Bahrain Commercial Facilities 11 BCFC Company B.S.C. Bahrain Middle East Bank 12 BMB B.S.C. Listed Companies For the Year Ended AGM & EGM Meetings 31 December 2020 Recommendations Trading AGM / EGM Cum-Dividend Ex-Dividend No. Company’s Name Record Date Remark Symbol Date /Bonus Date /Bonus Date Payment Date Bonus Cash Dividend Shares Investment Sector 13 Esterad Investment Company B.S.C. ESTERAD 14 GFH Financial Group B.S.C. GFH 15 Investcorp Holding B.S.C. INVCORP 16 United Gulf Holding Company B.S.C. UGH United Gulf Investment Corporation 17 UGIC B.S.C. -
Convergence-Batelco-3A5eaf.Pdf
Cultivating Convergence Annual Report 2015 CONTENTS 02 Introduction 04 Vision, Mission & Values 06 Financial Highlights 08 Chairman’s Statement 12 Group Chief Executive’s Message 18 Board of Directors 20 Batelco Group Executive Team 22 Batelco Group 25 Subsidiaries and Affiliates 32 Awards Showcase 34 Corporate Social Responsibility 40 Corporate Governance 66 Consolidated Financial Statements 104 Glossary Mr. Ahmed Hussain Al Janahi Office of the Registrar Group Company Secretary Bahrain Bourse P.O. Box 14, Manama, Bahrain Financial Harbour, th Kingdom of Bahrain Harbour Mall - 4 floor, P.O. Box 3203, Tel: +973 17 881 881 Manama, Kingdom of Bahrain Fax: +973 17 611 898 Tel: +973 17 261 260 [email protected] Fax: +973 17 228 061 www.batelcogroup.com [email protected] www.bahrainbourse.net His Royal Highness His Majesty His Royal Highness Prince Khalifa bin Salman King Hamad bin Isa Prince Salman bin Hamad Al Khalifa Al Khalifa Al Khalifa The Prime Minister of The King of the Kingdom The Crown Prince, the Kingdom of Bahrain of Bahrain Deputy Supreme Commander and First Deputy Prime Minister of the Kingdom of Bahrain Batelco | Annual Report 2015 CULTIVATING CONVERGENCE 02 Cultivating Convergence Batelco has always embedded innovation transformation with a vision to become a and forward thinking as central to its leading integrator of digital solutions and strategy. For over 100 years, the company services in order to remain viable in this has been connecting people and places via new digital world. the most up to date telecommunications services available. Today, across our Group The digital era is reinventing the way we of companies, we continue to cater to live, learn, work and play and accordingly the diverse needs of our widely differing we are investing in building the right markets by focussing on being a key platforms to enable the future digital player in the changing landscape of the services and elevate communication communications environment and cross standards. -
TOGETHER WE GROW Community Sustainability Prosperity
Social Responsibility Report 2015 TOGETHER WE GROW Community Sustainability Prosperity Your Partner Bank B Al Baraka Social Responsibility Report 2015 Contents Al Baraka Mission and Vision 02 INTRODUCTION Introduction: Al Baraka Social Responsibility Program 04 Board Committee on Social Responsibility 06 Board Social Responsibility Committee 08 Management Committee on Social Responsibility 09 President and Chief Executive’s Welcome 10 Targets Overview 11 Overview of the Al Abaraka Social Responsibility Program 12 PART ONE: GLOBAL OVERVIEW ABG 16 Bahrain 18 Egypt 20 Sudan 22 Syria 24 Lebanon 26 Turkey 28 Jordan 30 Algeria 32 Pakistan 34 Tunisia 36 South Africa 38 PART TWO: GLOBAL ACTIVITIES OVERVIEW Philanthropic Program 40 Qard Hasan Program 41 Economic Opportunities & Social Investments Program 42 Profiles of Board Social Responsibility Committee 44 Profiles of Board Management Committee 46 02 Al Baraka Mission and Vision The Vision “We believe society needs a fair and equitable financial system: one which rewards effort and contributes to the development of the community” The mission “To meet the financial needs of communities across the world by conducting business ethically in accordance with our beliefs, practicing the highest professional standards and sharing the mutual benefits with the customers, staff and shareholders who participate in our business success” Al Baraka Social Responsibility Report 2015 Al Baraka Social Responsibility Report 2015 04 Introduction Al Baraka Social Responsibility Program Shaikh Saleh Abdullah Kamel, Chairman, Al Baraka Banking Group Social Responsibility is, in Social Responsibility aims to create long- part. In meeting this commitment to term economic growth through the careful society, we make all possible efforts to essence, an approach towards management of natural resources (e.g. -
Partner with Us
The World’s Leading Islamic Finance News Provider (All Cap) 1200 New trade Bahrain to Women and INTERVIEW: 1,162.92 1150 fi nance fund debut fi rst Words: What Prof Rifaat 0.67% 1,155.10 1100 highlights Islamic retail does the election Ahmed, the 1050 growing REIT next of Trump mean recipient of the 1000 opportunities...5 week...6 for women Royal Award for W T F S S M T in Islamic Islamic Finance Powered by: IdealRatings® fi nance?...10 2016...21 COVER STORY 16th November 2016 (Volume 13 Issue 46) The burgeoning growth of green financing in the Gulf Green fi nance has been putt ing down building but allow countries to diversify Platform to facilitate and showcase roots in the GCC for some time, and in their economies away from hydrocarbons innovative projects, partnerships and 2016 some of its initiatives are fi nally and develop new technologies and technology, as well as committ ing to bearing fruit. While IFN has long funding avenues that encourage long- develop innovative green fi nancing argued that ethical and Islamic fi nance term sustainability but also provide mechanisms, showcase technological are by no means one and the same, short-term benefi ts. innovation, support a global agreement there is no question that the rapid rise for climate change through supporting of green activity has opened the door So what has been done to work toward the Paris Agreement and develop a for Islamic institutions to benefi t across green objectives — and what does this State of the Green Economy Report a wide range of sectors in terms of mean for Islamic fi nance? for Dubai. -
Customer Complaints Report July- September 2020
Customer Complaints Report July- September 2020 Customer Complaints Report for the months July - September 2020 Production: Consumer Protection Unit Central Bank of Bahrain PO Box 27, Manama Kingdom of Bahrain www.cbb.gov.bh The Customers Complaints Report is a monthly report prepared by the Consumer Protection Unit. It is available in PDF format in the Publications and Data section at http://www.cbb.gov.bh. Contents 1. Introduction .......................................................................................................... 1 2. Concentration of Complaints: .............................................................................. 2 3. Nature of Complaints: .......................................................................................... 3 4. Status of Complaints ............................................................................................ 6 1. Introduction The Consumer Protection Unit “CP” received 24 complaints in July 2020, 18 complaints in August 2020, and 27 complaints in September 2020. Totalling 69 complaints. The following graph illustrates the monthly complaints received from 1st of July to 30th of September 2020. Monthly Complaints for Year 2020 30 27 25 24 20 18 15 Number Number Complaints of 10 5 0 July August September Customer Complaints Report July – September 2020 1 2. Concentration of Complaints: The complaints received during July-September 2020 are reported with respect to the following financial institutions, banks, and insurance companies as illustrated in the graph below. No. of Complaints (July-September 2020) 10 9 8 7 6 6 5 5 5 5 4 4 4 Number Number Complaints of 3 3 3 3 3 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 Customer Complaints Report July – September 2020 2 3. Nature of Complaints: The following chart demonstrates the nature of complaints received by the (CP) Unit during the months of July-September 2020. -
Corporate Governance 2019
Khaleeji Commercial Bank BSC Corporate Governance Report for the year ended 31 December 2019 CORPORATE GOVERNANCE & OTHER DISCLOSURES 1. Corporate governance structure The Bank is governed by the Bahrain Commercial Companies Law No. 21 of 2001 and its amendments (the “Companies Law”), the Kingdom of Bahrain Corporate Governance Code (the “CGC”), volume 2 and volume 6 of the Rulebook of the CBB (and in particular the High-Level Controls (“HC Module”)), and the Bahrain Stock Exchange Law of 1987 (collectively, the “Regulations”). The Bank acknowledges its responsibility to all of its stakeholders and is committed to the highest standards of corporate governance. The Bank believes good corporate governance enhances stakeholder value and provides an appropriate guidance to the Board, its committees, and the Bank’s Executive Management to carry out their duties in the best interest of the Bank and its stakeholders. The Bank maintains the highest levels of transparency, accountability and good management through the adoption and monitoring of corporate strategies, goals and policies to comply with its regulatory and ethical responsibilities. 2. Code of conduct The Board has approved a code of conduct for all staff of the Bank and the Board members. The Code includes the process of dealing with conflict of interests. It also binds the Directors, Executive Management and staff to the highest standard of professionalism and diligence on discharging their duties. All Board members and senior management of the Bank have affirmed compliance with the Code of Conduct. A declaration is made by the Board members prior to each Board meeting confirming that they have disclosed all external appointments and notified the Chairman if there have been any changes to their external appointments since the previous meeting. -
Al Baraka Banking Group – Bahrain Al Baraka Bank Is Owned by Both Local and Albaraka Bank Limited in South Africa Is a Subsidiary International Investors
CoMPaNy ProFile Al Baraka Banking Group – Bahrain Al Baraka Bank is owned by both local and Albaraka Bank Limited in South Africa is a subsidiary international investors. Primary shareholders, as of Al Baraka Banking Group, based in Bahrain. at 31 December 2011, included the Bahrain-based Al Baraka Banking Group B.S.C. (61,98%), DCD The eminent, internationally-renowned Al Baraka Holdings (SA) (Pty) Ltd. (8,61%), DCD London and Banking Group has a wide geographical presence Mutual plc (4%), Johannesburg-based Timewest in the form of subsidiary banking units and Investments (Pty) Ltd. (7,67%) and Sedfin (Pty) Ltd. representative offices in 15 countries which, in (3,33%). The balance of the bank’s shareholding turn, provide their services through more than 400 comprised foreign and local shareholders. branches and is listed on the Bahrain and Dubai financial exchanges. Recognising the South African bank’s tremendous growth and development, Al Baraka Banking Group Established to meet the need for Islamic banking has steadily increased its shareholding in the local services around the world, Al Baraka Banking business unit. Group provides a wide range of Shariah-compliant retail, corporate and investment banking offerings, The South African operation is now regarded as an together with treasury services and is striving to integral part of the group. Utilising this international become a totally integrated financial institution, linkage, together with the growth momentum the delivering to its customers a comprehensive bouquet bank has itself developed in recent years, Al Baraka of financial products to meet the ever-growing Bank is poised to take Islamic banking to a new level requirements of its customer-base. -
Listed Companies BOD Meetings to Approve the Financial Results for the Period Ended 31/12/2017
Listed Companies BOD Meetings to approve the Financial Results for the Period ended 31/12/2017 BOD No. Company’s Name Symbol Remarks Date BOD Time Commercial Banks Sector Tuesday 1 Ahli United Bank B.S.C. AUB 01:00 p.m. 20/02/2018 Tuesday 2 Al Salam Bank – Bahrain B.S.C. SALAM 01:00 p.m. 13/02/2018 Monday 3 Bahrain Islamic Bank B.S.C. BISB 10:00 a.m. 12/02/2018 Monday 4 BBK B.S.C. BBK 11:00 a.m. 19/02/2018 Wednesday 5 Khaleeji Commercial Bank B.S.C KHCB 12:30 p.m. 07/02/2018 Monday 10:00 a.m. 6 National Bank of Bahrain B.S.C. NBB 29/01/2018 Thursday 7 Ithmaar Holding B.S.C ITHMR 01:00 p.m. 22/02/2018 Investment Sector Tuesday 8 Al Baraka Banking Group B.S.C. BARKA 11:00 a.m. 20/02/2018 Wednesday 9 INOVEST B.S.C INOVEST # 01:00 p.m. 28/02/2018 Sunday 10 Arab Banking Corporation B.S.C. ABC 01:00 p.m. 11/2/2018 Bahrain Commercial Facilities Company Tuesday 11 BCFC 04:00 p.m. B.S.C. 27/02/2018 Wednesday 12 Bahrain Middle East Bank B.S.C. BMB 01:00 p.m. 31/01/2018 Tuesday 13 Esterad Investment Company B.S.C. ESTERAD 01:00 p.m. 23/01/2018 Tuesday 14 GFH Financial Group B.S.C. GFH 01:00 p.m. 13/02/2018 Wednesday Through 15 Investcorp Bank B.S.C. -
Al Baraka Banking Group Global Network
AL BARAKA BANKING GROUP GLOBAL NETWORK Bahrain Pakistan Al Baraka Banking Group Al Baraka Bank (Pakistan) Limited Group Headquarters AlBaraka House, 162, Bangalore Town Bahrain Bay Main Shahrah-e-Faisal, Karachi, Pakistan PO Box 1882, Manama, Kingdom of Bahrain Board Member and Chief Executive Officer: Board Member, President and Chief Executive Mr Shafqaat Ahmed Mr Adnan Ahmed Yousif Tel: +92 21 343 15851, Fax: +92 21 345 46465 Tel: +973 17541 122, Fax: +973 17536 533 Web: www.albaraka.com.pk Web: www.albaraka.com Saudi Arabia Al Baraka Islamic Bank B.S.C. Itqan Capital Group Headquarters The Headquarters Business Park Bahrain Bay West Tower, 15th Floor, Corniche Road, Jeddah PO Box 1882, Manama, Kingdom of Bahrain PO Box 8021, Jeddah, 21482 Board Member and Chief Executive Officer Kingdom of Saudi Arabia Mr Mohammed Isa Al Mutaweh Managing Director and Chief Executive Officer: Tel: +973 17535 300, Fax: +973 17533 993 Mr Adil S Dahlawi Web: www.baraka.bh Tel: +966 125 106030, Fax: +966 125 106033 Web: www.itqancapital.com Algeria South Africa Banque Al Baraka D’Algerie S.P.A. Albaraka Bank Limited Hai Bouteldja Houidef, Villa No. 1, Rocade Sud 2 Kingsmead Boulevard Ben Aknoun, Algiers, Algeria Kingsmead Office Park Board Member and General Manager: Stalwart Simelane Street, Mr Mohamed Seddik Hafid Durban, 4001 Tel: +213 23 381 273, Fax: +213 23 381 276/77 South Africa Web: www.albaraka-bank.com PO Box 4395, Durban, 4000 South Africa Egypt Board Member and Chief Executive Officer: Al Baraka Bank Egypt Mr Shabir Chohan 60 Mohie Elddin Abu Elezz Street Tel: +27 31 364 9000, Fax: +27 31 364 9001 PO Box 455, Dokki, Giza, Egypt Web: www.albaraka.co.za Vice Chairman and Chief Executive Officer: Mr Ashraf El Ghamrawi Sudan Tel: +2023 748 1222, Fax: +2023 761 1436/7 Al Baraka Bank Sudan Web: www.albaraka-bank.com.eg Al Baraka Tower PO Box 3583 Indonesia Qasr Street, Khartoum, Sudan Al Baraka Banking Group Representative Office General Manager: Ravindo Building, 10th floor Mr Abdullah Khairy Hamid Jalan Kebon Sirih No. -
Al Baraka Banking Group Publishes Its Sustainability & Social
PRESS RELEASE Your Partner Bank Al Baraka Banking Group publishes its Sustainability & Social Responsibility Report for 2017 Manama I November 28, 2017 Al Baraka Banking Group B.S.C. published the Group’s Sustainability & Social Responsibility Report for 2017. The Report includes Al Baraka’s progress during 2017 on its various programs and activities and covers countrywide global overview of achievements and all sustainability and social responsibility programs. The Report also includes an impact assessment of all the Al Baraka’s programs and activities. As part of the Report, Al Baraka also announces the second year assessment of the Al Baraka SDG Goals (2016- 2020). The Report reflects Al Baraka Banking Group’s commitment in following a business model that helps the organization to be socially responsible and impactful. In 2016, Al Baraka announced the Al Baraka SDG Goals (2016-2020) with a pledge of over $635 million to finance and fund Al Baraka SDG Goals. Al Baraka SDG Goals focus on Job Creation, Education, and Healthcare; and are linked with seven (7) of the Sustainable Development Goals 2030. The Al Baraka SDG Goals (2016-2020) seek to: 1. Create over 51,000 jobs. 2. Finance over $ 434 million for healthcare projects. 3. Finance over $191 million for educational projects. During 2017, Al Baraka Banking Group B.S.C. has been able to deliver on its Al Baraka SDG Goals, as follows: 1. Helped create 7,446 jobs which was 73% of the 2017 target of 10,207 jobs. 2. Provided $100,000,000 in education funding / financing which was 261% of the 2017 target of $38,173,398. -
Your Partner Bank
Your Partner Bank Announcement In view of the recent media reports from Saudi Arabia, we wish to make the following statement: Al Baraka Banking Group B.S.C. is a Bahraini Shareholding Company registered under the Commercial Companies Law of the Kingdom of Bahrain since 2002 and licensed as Islamic Wholesale Bank by the Central Bank of Bahrain, listed on Bahrain Bourse www.bahrainbourse.com and Nasdaq Dubai www.nasdaqdubai.com. Shaikh Saleh Abdullah Kamel is one of the shareholders and the current Chairman of the Board of Directors of Al Baraka Banking Group B.S.C. Al Baraka Banking Group B.S.C. is regulated and supervised by the Central Bank of Bahrain, and our operations are independent of the shareholders. All of the subsidiaries of Al Baraka Banking Group B.S.C. are corporate entities, registered and regulated in the respective countries in which they operate, with their own independent boards of directors, management and corporate governance frameworks. Al Baraka Banking Group B.S.C. is the parent bank of all Al Baraka banks around the three continents. It is jointly rated by Islamic International Rating Agency & Dagong Global Credit Rating Company Limited as BBB+ (long term) / A3 (short term) with a Stable Outlook and by Standard & Poor's at BB+ (long term) / B (short term). Al Baraka banks offer retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of Al Baraka Banking Group B.S.C. is US$ 1.5 billion, while total equity is at about US$ 2.1 billion.