Prudence, Transparency& Responsibility
We strive to achieve the highest levels of transparency, accountability and management by implementing strategies and policies that are aimed at complying with the Group’s regulatory and supervisory responsibilities. Our corporate governance framework is designed to support us in meeting both our own strategic objectives as well as the interests of our clients and shareholders.
Established in the Kingdom of Bahrain in 1999, we are an Islamic investment bank that became a Public Shareholding Company in 2004, listed on the Bahrain Bourse, Boursa Kuwait and Dubai Financial Market. As a Public Shareholding Company, our corporate governance framework is based on the guidelines for Islamic banks and financial banks and institutions issued under the Commercial Companies Law promulgated by Decree No. (21) for the year 2001 (“Companies Law”) and the amendments thereto, the regulations of Corporate Governance Code of 2010 issued by Ministry of Industry, Commerce and Tourism (MOICT) and the amendments thereto, the High-Level Controls Module (“HC Module”) of the Central Bank of Bahrain (CBB) Rulebook – Volume 2.
Our Boardof Directors
Our Board of Directors is accountable to shareholders for the foundation and delivery of sustainable financial performance and long-term shareholder value. To achieve this, the Board oversees and endorses the Bank’s strategy and financial performance, within a framework of sound corporate governance.