ABG announces appointment of Deputy CEO

Manama : Al Baraka Banking Group B.S.C (ABG) has announced the appointment of Hamad Al Oqab as Deputy CEO of the Group as part of the succession plan at the Head Office and the Group’s banking units adopted by the Board.

Adnan Ahmed Yousif, Board Member and President & Chief Executive of Al Baraka Banking Group, congratulated Hamad Al Oqab and wished him success in his new position. “This appointment reflects the high level of professionalism demonstrated by Hamad Al Oqab in all duties that he has been assigned for the past 14 years and has played a central role in the implementation of the Group’s strategies.”

Hamad Al-Aqab has been the Executive Vice President and Head of Finance of Al Baraka Banking Group since 2005. Al-Oqab has 25 years experience in banking and auditing. He is Chairman of the Accounting Standards Board of the Accounting and Auditing organization for Islamic financial institutions (AAOIFI). He is also a Member of the Boards of Al Baraka Turk Participation Bank, Jordan Islamic Bank and Banque Al Baraka D’Algerie, Algeria; in addition he serves as Chairman of the Audit Committee of Al Baraka Turk Participation Bank, as well as being a member of the Audit Committees of Jordan Islamic Bank and Banque Al Baraka DAlgerie and a member of the Social Responsibility Committee of Jordan Islamic Bank. Hamad Al Oqab is a Certified Public Accountant and a Chartered Global Management Accountant.