Al Baraka Bank Algeria, a subsidiary banking unit of Al Baraka Banking Group BSC (ABG), announced the signing of contracts for the establishment of the bank’s headquarters in the Algerian capital. The contracts were signed in Istanbul, Turkey in the presence of the Chairman and Members of the Board of Directors of the Bank and a number of Executive leadership and Mustafa Cihad Arsalan, Director-General of the “Aslan Turkey Company”, which will construct Al Baraka Bank Algeria Tower.
“We always look forward to achieve excellence in all markets in which we operate and meet the needs of our customers by providing superior services to them in comfortable and modern work environment,” Adnan Ahmed Yousif, President and Chief Executive of Al Baraka Banking Group and Chairman of the Board of Directors of Al Baraka Bank Algeria, said.
“Our insisting to continue implementing this main project headquarters at this time confirms our confidence in the considerable capacities and resources of Al Baraka Bank Algeria and the Group, which should entitle them to continue the growth and consistent high profitability.”
“This project comes within the framework of our efforts towards the provision of best banking services to our customers in Algeria, stressing the Group’s determination to move forward in strengthening its presence in the Algerian market and to contribute positively to the development of the Algerian economy,” he added.
“The new headquarter building of Al Baraka Bank Algeria was designed to meet the present and future needs of the Bank, and the selection for the location of this new headquarter comes from our belief in the importance of this zone as a financial and banking center,” Mohammed Seddik Hafid, Board Member and the General Manager of Al Baraka Bank Algeria said.
“The Building was designed with the latest architecture model, supporting the requirements and expectations of future success,” he added.