Al Baraka Islamic Bank Announces the Appointment of Dr. Adel Salem as CEO
The Board of Directors of Al Baraka Islamic Bank, chaired by Mrs. Sabah Khalil Al Moayyed, expressed their welcome to Dr. Adel Abdullah Salem as a seasoned national expert in the world of finance and banking, adding that they are looking forward to his significant contributions in developing the bank's operations, elevating its business model, and raising its level of service quality.
Mrs. Al Moayyed affirmed that Dr. Adel Abdullah Salem's appointment is in line with the Board's strategic vision for the coming years, aiming to enhance its exceptional banking experience for its customers in the Kingdom of Bahrain and the Gulf Cooperation Council (GCC) countries through the provision of the latest and most technologically advanced banking services for individuals, companies, and wealth management.
She emphasised that Dr. Adel Abdullah Salem's expertise and competence will contribute to solidifying the bank's prominent position as one of the leading financial institutions in Islamic banking in the Kingdom, which will positively impact its financial and operational performance in the years to come.
Dr. Adel Abdullah Salem possesses extensive experience in business development, banking, and finance, having held numerous leadership positions throughout his long banking career. He joins Al Baraka Islamic Bank B.S.C. after spending several years in the business, financial services, and telecommunications sectors. Prior to joining the bank, he served as the General Manager of Retail Banking at the Bank of Bahrain and Kuwait (BBK) and previously held the position of Deputy General Manager - Business Support at Benefit, in addition to several important positions at Batelco (Bahrain Telecommunications Company).
Commenting on his appointment, Dr. Adel Abdullah Salem said: "It is an honour for me to work as a CEO for a leading Islamic banking institution alongside a talented team. I am extremely proud of the trust bestowed upon me by the Chairman and members of the Board of Directors. I am highly motivated to serve this esteemed financial institution in achieving its goals of growth, prosperity, and reaching broader horizons in the future. I look forward to working closely with the executive management team and staff in various departments towards maintaining its leadership in the field of Islamic banking in the Kingdom."
It is worth mentioning that Dr. Adel Abdullah Salem holds a Ph.D. in Management from Monarch Business School in Switzerland, and a master’s degree in business research from the same educational institution.
Al Baraka Islamic Bank is one of the subsidiaries of Al Baraka Group, renowned for its leading position as an international Islamic financial group present in 14 countries. Through its affiliated banking and associated companies, it offers banking products and services to individuals and companies, as well as investment and treasury services in accordance with the principles of Islamic Sharia in over 650 branches. The authorised capital for the group is USD 2.5 billion.
Finally, the Board of Directors of Al Baraka Islamic Bank B.S.C. expresses their deep gratitude and appreciation to the wise leadership of the Kingdom of Bahrain for its solid attention and unlimited support to Islamic banking institutions in the Kingdom, highlighting the vital role of the Central Bank of Bahrain (CBB) in the sector's ongoing growth and continuous progress.