Al Barka Banking Group’s CEO and President Mr. Adnan Ahmad Yousaf have been elected as the Chairman of Al Barka Bank Pakistan. In the board meeting at Pakistan other board committees were formed. The members of these committees are included from ABG and Emirates Global Islamic Bank. Al Barka Bank Pakistan Limited has been founded thru’ the merger of two entities; Emirates Global Islamic Bank, Pakistan and Bank Al Barka (Bahrain). The newly formed bank has the assets of $582 million and network of 89 branches in 26 cities of Pakistan. During his visit to Pakistan the ABG chairman has met with Governor SBP Mr. Shahid Kardar and discussed on the issues related to the expansion of the banking operations in Pakistan.
The Chairman of Al Barka Banking Group (ABG) has said that formation of Board and Committees has shown the Group’s commitment and determination on the implementation and expansion strategies in Pakistan, despite the current global economic and financial conditions.