Al Baraka Islamic Bank appoints Yasser Al Saad as Chief Treasury and Investment

TDT | Manama

Email: mail@newsofbahrain.com

Al Baraka Islamic Bank, the leading Islamic bank in the Kingdom of Bahrain, announced the appointment of Yasser Mohamed Al Saad as Chief Treasury and Investment. This move aligns with the bank’s ongoing strategy to enhance its leadership by leveraging national talent and building a distinguished management team that will drive the bank’s growth and prosperity.

Before joining Al Baraka Islamic Bank, Al Saad served as the Treasurer at the Bank of Bahrain and Kuwait (Kuwait) for nearly over 8 years during which he managed the treasury and investment portfolio across GCC and global markets. He also held the position of Acting Chief Executive of the same bank from October 2021 to August 2023. Additionally, he previously held the position of Head of Treasury at United Gulf Bank (Bahrain).

Upon this announcement, Dr Adel Salem, Chief Executive Officer of Al Baraka Islamic Bank, remarked, “We are thrilled to welcome Yasser Mohamed Al Saad to our senior executive management team as our Chief Treasury and Investment. Al Saad brings a proven track record of achievements and experience that will enable him to effectively lead the treasury and investment division. We wish him every success in supporting bank’s growth and prosperity.”

In response, Yasser Mohamed Al Saad expressed, “I am honored to be part of a distinguished management team that is committed to the ongoing development and growth of Al Baraka Islamic Bank. I extend my heartfelt thanks to the Bank’s Board of Directors and the Chief Executive Officer for entrusting me with this role.” He added, “I look forward to collaborating with the Treasury and Investment team to strengthen Al Baraka Islamic Bank’s position as a leading financial institution in Islamic banking and to achieve our objectives while continuing on our path of growth and progress.”

Yasser Mohamed Al Saad holds a Master’s degree in Business Administration (MBA) from the New York Institute of Technology and a Bachelor’s degree in Business Administration from the University of Bahrain. His extensive expertise includes formulating investment strategies and managing cash and investment portfolios in banking