Al Baraka Islamic Bank announces the election of the new Board of Directors headed by Akram Yassin

Manama, Kingdom of Bahrain – April 13, 2026: Al Baraka Islamic Bank, one of the leading Islamic banks in the Kingdom of Bahrain, announced the election of the new Board of Directors and the appointment of Mr. Akram Yassin as Chairman of the Board of Directors, succeeding Mrs. Sabah Almoayyed, and the election of Dr. Khaled Abdullah Ateeq as Vice Chairman of the Board of Directors. The approval to elect and reappoint members of the Board of Directors for a new three-year term from 2026 to 2029 came within the framework of the results of the Ordinary General Assembly Meeting No. (43) for the fiscal year ending on December 31, 2025, which was held last month. This step reflects shareholders’ confidence in the bank’s future directions, and their keenness to support its progress during the next stage, as the bank continues to implement its strategic priorities and strengthen its position in the Islamic banking sector in the Kingdom.

The new Board of Directors includes Mr. Akram Yassin as Chairman of the Board of Directors, and Dr. Khaled Abdullah Ateeq as Vice Chairman of the Board of Directors, in addition to the membership of Mr. Hossam bin Al-Haj Omar, Mr. Adnan Al-Bassam, Mr. Abdullah Adham, Mr. Masoud Al-Bastaki, Mr. Abdul-Malik Mezher, Mrs. Sawsan Abu Al-Hassan, and Mr. Faisal Al-Shuwaikh. The Bank also extends its sincere thanks and appreciation to Mrs. Sabah Almoayyed for her efforts and valuable contributions during her term as Chairman of the Board of Directors.

The Board is chaired by Mr. Akram Yassin, who has more than 30 years of international banking experience, during which he held senior executive positions in a number of the most prominent regional and international financial institutions, including the National Bank of Abu Dhabi, Arab Bank, Arab Banking Corporation, Gulf International Bank, Riyad Bank, and Bank of Montreal. Mr. Yassin holds a bachelor’s degree in structural engineering from the University of Surrey, and a master’s degree in business administration from Southern Methodist University. He also currently holds an independent and non-executive board member in Falcon Group, and a member of the board of directors of Al Baraka Bank Turkey, which reflects qualitative leadership and professional experiences that enhance the bank’s directions in the next stage.

The formation of the new Board of Directors embodies Al Baraka Islamic Bank’s keenness to continue consolidating the principles of effective corporate governance and enhancing its ability to implement its strategic plans efficiently and sustainably, benefiting from the diverse banking, financial and administrative experiences enjoyed by the Board members. This formation will support the bank’s efforts to enhance growth, business development, and improve Islamic banking services and solutions that are compatible with the provisions of Sharia, thus contributing to creating added value for shareholders and customers and supporting the bank’s ability to keep pace with the rapid changes in the financial and banking business environment.

On this occasion, Mr. Akram Yassin, the new Chairman of the Board of Directors, said: “I am honored to assume the presidency of the Board of Directors of Al Baraka Islamic Bank at this important stage in its journey, and I extend my thanks to the shareholders for their precious confidence. We look forward to the new Board of Directors continuing to support the bank’s plans and future directions, in a way that enhances its competitiveness, improves its Islamic banking services and solutions, and keeps pace with the aspirations of customers and shareholders.”

For his part, Dr. Adel Abdullah Salem, CEO of Al Baraka Islamic Bank, commented: “The election of the new Board of Directors represents an important milestone in the bank’s journey, and reflects the level of confidence that shareholders place in our strategic path and future aspirations. We are confident that the quality competencies and experiences that the Board, headed by Mr. Akram Yassin, has, will contribute to supporting the bank’s directions during the next stage, and enhancing our ability to build on the achievements achieved and continue developing our business and services in line with The aspirations of our customers and shareholders.”

He added: “We also extend our sincere thanks and appreciation to Mrs. Sabah Almoayyed for the valuable efforts and appreciated contributions she made during her term as Chairman of the Board of Directors, which had a clear impact in supporting the Bank and its progress. We look forward to working closely with the Chairman of the Board of Directors, Mr. Akram Yassin, the Vice Chairman of the Board of Directors, Dr. Khaled Abdullah Ateeq, and all members of the Board, to continue achieving the Bank’s goals and consolidating its position as a leading and reliable Islamic banking institution in the Kingdom of Bahrain.”

Al Baraka Islamic Bank is considered one of the most prominent Islamic banks in the Kingdom of Bahrain. Since its establishment in 1984, it has succeeded in achieving outstanding results in its banking services directed to individuals and companies. It has a long track record in the field of innovation and providing investment and financing solutions that are compatible with the provisions of Islamic Sharia. The bank also continues to play its leading role in supporting social responsibility and sustainability initiatives, occupying a prominent position among the leading banks that provide Islamic banking services to its customers around the world.

For more information, valued customers can visit the website www.albaraka.bh, follow the bank’s verified page on the Instagram application, or call 13300400.