Bahrain Association of Banks Elects New Board

TDT | Manama

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The Bahrain Association of Banks (BAB) convened its annual general meeting, presided over by Mr. Adnan Yousif, the current Chairman of the Board, and held under the supervision of the Central Bank of Bahrain.

During the meeting, a new Board of Directors was elected for the 2024-2026 term. The newly appointed board members include Mr. Yaser Alsharifi, Mr. Ahmed Alkharji, Mrs. Dalal Al Qais, Mr. Rafik Nayed, Mr. Hisham Al-Rayes, Mr. Othman Ahmed, Mr. Sattam Algosaibi, Mr. Abdulwahid Janahi, Mr. Abdulla Bukhowa, Mrs. Sara Abdulhadi, Dr. Boutros Klink, and Mr. Joseph Gharib.

Following the election, the Board convened for its first session, where Mr. Yaser Alsharifi was chosen as Chairman, Mr. Ahmed Alkharji as Deputy Chairman, and Mrs. Dalal Al Qais as Treasurer.

Mr. Yaser Alsharifi conveyed deep appreciation to the Board for the confidence shown through his election as Chairman and highlighted the association’s commitment to advancing its strategic goals, which center on strengthening the banking sector, streamlining operational processes, capitalizing on emerging opportunities, and reinforcing the association's identity. 

Mr. Alsharifi also extended his congratulations to the newly appointed Board members, wishing them continued success in fulfilling the association’s mission and driving its vision of leadership within the Kingdom's banking industry.

The new Chairman commended the association's performance in the previous period, highlighting the significant achievements and developmental initiatives that have strengthened Bahrain's banking sector. Appreciation was expressed for the support from member financial institutions and the confidence shown by shareholders in the association’s strategic direction and performance. This support was described as a source of pride and a key factor in the association's success.  

Mr. Alsharifi further noted that BAB is now entering a new phase, prepared to adapt to industry developments and seize emerging opportunities within the evolving business and financial landscape, with the aim of driving sustainable growth for the banking sector and its stakeholders.

Former Chairman Mr. Adnan Yousif extended his heartfelt wishes to the new Board, expressing confidence in their ability to continue leading BAB toward greater achievements and fulfilling the aspirations of the banking sector, and praised the accumulated expertise and outstanding track record of the new Chairman and Board members, emphasizing their capability and commitment to steering the association towards a more prosperous and dynamic future.

Mr. Yousif commented, "As my six-year term as Chairman concludes, I would like to express my deepest gratitude to my esteemed colleagues on the Board and the association's team. Over the years, we have worked as a unified team, dedicated to advancing the association and enhancing its role within the banking sector and the national economy."

Dr. Waheed Al-Qassim, CEO of the Bahrain Association of Banks, underscored the executive team’s full readiness to execute the strategic directives of the Board, transforming them into actionable plans, initiatives, and projects aimed at optimizing performance and ensuring sustained success. The association remains committed to launching diverse programs that maximize value for member banks and financial institutions, while also introducing new initiatives that benefit members and partners alike. These efforts are designed to further strengthen the association’s role as the primary representative body for all financial and banking institutions in the Kingdom of Bahrain.