- Adnan Ahmed Yousif, with Riad Kamal after the agreement signing ceremony.
Bahrain-based, Al Baraka Banking Group (ABG) awarded the contract for the construction of the Group Headquarter located in Bahrain Bay, to Arabtec Construction Company which is one of the largest contracting company in the Arab world. The contract was signed between Adnan Ahmed Yousif, President and Chief Executive of Al Baraka Banking Group and Riad Kamal, Chairman of Arabtec Construction and CEO of Arabtec Holdings. The signing ceremony was attended also by the project team members and a number of officials from both Parties.
“We are very pleased to inaugurate our achievements for the new year in 2011 by signing a contract for the construction of the new Headquarter of Al Baraka Banking Group, which clearly emphasizes the determination of the Group to continue its outstanding performance that it has started over the last years, and even in the global economic crisis, which refers to the safety and solidity of the Group strategies at all levels,” said Adnan Ahmed Yousif, President and Chief Executive of Al Baraka Banking Group.
“The new Headquarter of Al Baraka Banking Group is designed to meet the present and future needs of the Group. The choice of the Bahrain Bay for the construction of its headquarters stems from the belief of the vital importance enjoyed by the Kingdom of Bahrain as a financial and Islamic banking center both regionally and globally. This important contract embodies a dream for us to see the new headquarters of the Group constructed on latest architectural style in one of the largest development project in the heart of the Bahraini capital Manama, and therefore, the site will support the requirements for success of Al Baraka Banking Group, regionally and globally and, it is consistent with our future goals and aspirations,” he added.