SR.No: 57
AlBaraka Banking Group (ABG)
Sector: Banks & Financial Services
Date of Establishment: 1978
Country: Bahrain
Group CEO: Mazin Manna
Sales: $2.2 billion
Profits: $166 million
Assets: $28.2 billion
Market Value: $259 million
Islamic wholesale bank Al Baraka Banking group (ABG) operates over 700 branches across 17 countries including Jordan, Egypt, Tunis, Bahrain, and Germany. The group’s founder, Sheikh Saleh Abdullah Kamel, passed away in 2020 and was succeeded by Abdullah Saleh Kamel. Mazin Manna was appointed as the CEO and president of the group in January 2021. ABG also launched the Islamic Commodity Murabaha financing facility in 2020, in collaboration with the Bahrain Bourse and the Central Bank of Bahrain.