ABG names new CEO for Al Baraka Bank Pakistan

Manama : The Board of Directors of Al Baraka Bank (Pakistan) Limited and Al Baraka Banking Group B.S.C (ABG), the leading Islamic Bahrain-based banking group, have approved the appointment of Ahmed Shuja Kidwai as the new CEO of Al Baraka Bank (Pakistan) Limited, succeeding Shafqaat Ahmed,  as from 1st March 2018.

On this occasion, Khalid Rashid Al Zayani, Chairman of Al Baraka Islamic Bank - Bahrain, which Al Baraka Bank Pakistan is considered its banking unit, thanked Shafqaat for his leadership contributions and services and wise vision during all his presidency period, which lasted 25 years. 

During this period, he has been a true pioneer of Islamic Banking in Pakistan and has played pivotal for growing the Bank at both businesses and branch network levels, where he transformed the bank from one branch bank to a bank with a network of 200 branches in over 100 cities. 

Adnan Ahmed Yousif, President and Chief Executive of Al Baraka Banking Group and Chairman of Al Baraka Bank Pakistan Limited said, “While thanking Shafqaat and wishing him well in his future life, I am delighted to welcome Ahmed Shuja Kidwai as the new Chief Executive Officer of the Bank. Kidwai has been associated with Al Baraka Bank Pakistan since January 16th, 1996. He has played instrumental role in establishing and consolidating the Bank’s positioning in south especially Karachi. He has got four decades of diversified International banking experience with proven track record of his business acumen, customer focused and employee centric style of Management. We are confident that he will continue his predecessor’s career in expanding the bank and strengthening its position in the Pakistani market.