Latest news with #YaserAlsharifi
Zawya
2 days ago
- Business
- Zawya
Bahrain: BBK inks accord to build new hi-tech health centre in Galali
Bahrain - A new state-of-the-art health centre will be constructed in Galali. The project, worth BD5.2 million, was announced by BBK, a leader in retail and corporate banking in Bahrain, during an official signing ceremony held at the bank's headquarters in Manama. Contracts were signed with Mohammed Jalal Contracting, appointed to execute the construction work, and Adel Ahmadi Associates, assigned to supervise the project. The new centre will span a total area of 9,713 square metres and feature a modern two-storey design. The ground floor will house 14 consultation clinics, 14 nurse examination rooms and an emergency department with 12 beds. The first floor will include a maternal and childcare unit, eight dental clinics and dedicated administrative offices. Once completed, the centre is expected to significantly enhance healthcare access and outcomes for the local community. The signing ceremony was attended by BBK group chief executive Yaser Alsharifi, members of the executive management team, Primary Healthcare Centres board of trustees chairman Abdulwahab Abdulwahab and chief executive Dr Ejlaal Al Alawi, and other senior officials from the health sector. Officials during the signing ceremony Mr Alsharifi said that the centre stands as a landmark initiative that underscores the bank's unwavering commitment to its social responsibility principles. 'The project will play a pivotal role in strengthening Bahrain's healthcare infrastructure and delivering high-quality, accessible medical services to the residents of Galali and neighbouring areas,' he added. 'This forward-looking initiative is closely aligned with the goals of Bahrain's Vision 2030, and it reinforces national efforts to enhance and modernise the healthcare sector.' He added that the new health centre will serve as a model of excellence in community care and will be a vital addition to Bahrain's healthcare network. 'It reflects our strategic vision of delivering sustainable impact through meaningful partnerships and long-term investment in national priorities. 'We are committed to delivering this project to the highest international standards and to continuing our collaboration with both public and private sector partners to ensure its success and alignment with the kingdom's broader development goals.' Adel Ahmadi Associates representative Adel Ahmadi expressed his sincere appreciation to BBK for entrusting the firm with the design and supervision of the project. He also expressed his pride in the continued partnership with the bank, noting that this project marks a significant milestone as the second major collaboration following the successful completion of the bank's health centre in Hidd. The new project also reinforces BBK's deep-rooted commitment to corporate social responsibility and its dedication to supporting the kingdom's healthcare ecosystem. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Daily Tribune
13-05-2025
- Business
- Daily Tribune
Alsharifi represents Bahraini Banking sector on Union of Arab Banks' board
The Union of Arab Banks (UAB) announced the selection of Yaser Alsharifi, Chairman of the Bahrain Association of Banks, as the representative of the Bahraini banking sector at the Union. Alsharifi received an official letter from Dr. Wissam H. Fattouh, Secretary-General of the Union of Arab Banks, congratulating him on his appointment as a member of the Union's Board of Directors in its eighteenth term. In the message, Dr. Fattouh welcomed Alsharifi as the representative of the Bahraini banking sector and commended his anticipated role in strengthening the Union's efforts to advance Arab cooperation and establish a solid foundation for the Union to fulfil its mission in supporting the development of Arab economies and societies. In a statement issued on the occasion, Alsharifi underscored his commitment to sharing Bahrain's pioneering experiences in the banking industry, fostering the exchange of best practices, and collaborating with fellow board members to shape forward-looking banking policies that respond to global economic shifts and promote sustainable development across the Arab region. Alsharifi took part in the 120th ordinary meeting of the Board of Directors of the Union of Arab Banks, during which key leadership positions were elected as part of the Union's eighteenth term. This included the election of the Chairman and Vice-Chairman of the Board, the selection of Board members to serve on the Executive Committee, as well as the appointment of the Chair and Vice-Chair of that committee. The meeting also saw the election of members and the Chair of the Audit Committee, and the formation of the Investment Committee tasked with mobilising financial resources, including the election of its Chair and members. In addition, a memorandum of understanding was signed to establish the Islamic Banks Committee, and two members were nominated to join the Board of Trustees of the Arab Academy for Administrative, Financial and Banking Sciences. Alsharifi also participated in the Arab Banking Conference 2025, held in Cairo under the patronage of Mr. Hassan Abdalla, Governor of the Central Bank of Egypt. Convened under the theme 'Public-Private Partnerships for Financing the Economy,' the conference brought together an esteemed assembly of leaders, policymakers, and key stakeholders from across the Arab financial landscape. The conference featured awards ceremony recognising the recipient of the 'Arab Investment and Banking Personality' accolade, followed by a series of high-level sessions. The first addressed 'The Role of Public-Private Partnerships in Financing Economic Growth,' while the second explored 'The Contribution of Islamic Banking to Financing the Economy and Sustainable Development.' The second day included a session on 'Innovative Financing Mechanisms for Public-Private Partnerships,' a panel on 'The Role of Multilateral Development Banks and International Financial Institutions in Financing PPP Projects,' and concluded with a session examining 'The Regulatory and Policy Framework for Enabling Effective Partnerships.'
Biz Bahrain
13-05-2025
- Business
- Biz Bahrain
Alsharifi Represents Bahraini Banking Sector on the Board of Union of Arab Banks
The Union of Arab Banks (UAB) announced the selection of Yaser Alsharifi, Chairman of the Bahrain Association of Banks, as the representative of the Bahraini banking sector at the Union. Alsharifi received an official letter from Dr. Wissam H. Fattouh, Secretary-General of the Union of Arab Banks, congratulating him on his appointment as a member of the Union's Board of Directors in its eighteenth term. In the message, Dr. Fattouh welcomed Alsharifi as the representative of the Bahraini banking sector and commended his anticipated role in strengthening the Union's efforts to advance Arab cooperation and establish a solid foundation for the Union to fulfil its mission in supporting the development of Arab economies and societies. In a statement issued on the occasion, Alsharifi expressed his appreciation for the Union's confidence in appointing him to its Board of Directors and affirmed that this nomination reflects the prominent standing of the Kingdom of Bahrain's banking and financial sector and its significant contribution to advancing the Union's mission of achieving greater Arab banking integration. Alsharifi also underscored his commitment to sharing Bahrain's pioneering experiences in the banking industry, fostering the exchange of best practices, and collaborating with fellow board members to shape forward-looking banking policies that respond to global economic shifts and promote sustainable development across the Arab region. Alsharifi took part in the 120th ordinary meeting of the Board of Directors of the Union of Arab Banks, during which key leadership positions were elected as part of the Union's eighteenth term. This included the election of the Chairman and Vice-Chairman of the Board, the selection of Board members to serve on the Executive Committee, as well as the appointment of the Chair and Vice-Chair of that committee. The meeting also saw the election of members and the Chair of the Audit Committee, and the formation of the Investment Committee tasked with mobilising financial resources, including the election of its Chair and members. In addition, a memorandum of understanding was signed to establish the Islamic Banks Committee, and two members were nominated to join the Board of Trustees of the Arab Academy for Administrative, Financial and Banking Sciences. In a related context, Alsharifi also participated in the Arab Banking Conference 2025, held in Cairo under the patronage of His Excellency Mr. Hassan Abdalla, Governor of the Central Bank of Egypt. Convened under the theme 'Public-Private Partnerships for Financing the Economy,' the conference brought together an esteemed assembly of leaders, policymakers, and key stakeholders from across the Arab financial landscape. The conference featured a distinguished awards ceremony recognising the recipient of the 'Arab Investment and Banking Personality' accolade, followed by a series of high-level sessions. The first addressed 'The Role of Public-Private Partnerships in Financing Economic Growth,' while the second explored 'The Contribution of Islamic Banking to Financing the Economy and Sustainable Development.' The second day included a session on 'Innovative Financing Mechanisms for Public-Private Partnerships,' a panel on 'The Role of Multilateral Development Banks and International Financial Institutions in Financing PPP Projects,' and concluded with a session examining 'The Regulatory and Policy Framework for Enabling Effective Partnerships.'
Trade Arabia
12-05-2025
- Business
- Trade Arabia
Yaser Alsharifi represents Bahrain banking sector on Union of Arab Banks board
The Union of Arab Banks (UAB) has announced the selection of Yaser Alsharifi, Chairman of the Bahrain Association of Banks, as the representative of the Bahraini banking sector at the union. Alsharifi received an official letter from Dr Wissam H Fattouh, Secretary-General of the Union of Arab Banks, congratulating him on his appointment as a member of the Union's Board of Directors in its 18th term. In the message, Dr Fattouh welcomed Alsharifi as the representative of the Bahraini banking sector and commended his anticipated role in strengthening the Union's efforts to advance Arab cooperation and establish a solid foundation for the union to fulfil its mission in supporting the development of Arab economies and societies. Alsharifi expressed his appreciation for the union's confidence in appointing him to its Board of Directors and affirmed that this nomination reflects the prominent standing of the Kingdom of Bahrain's banking and financial sector and its significant contribution to advancing the Union's mission of achieving greater Arab banking integration. Alsharifi also underscored his commitment to sharing Bahrain's pioneering experiences in the banking industry, fostering the exchange of best practices, and collaborating with fellow board members to shape forward-looking banking policies that respond to global economic shifts and promote sustainable development across the Arab region.
Daily Tribune
02-05-2025
- Business
- Daily Tribune
BBK Q1 profit grows
BBK yesterday reported a net profit attributable to the owners of the Bank of BD 21.1 million compared to BD 20.3 million during the same period of last year, representing a growth of 3.9%. The basic and diluted earnings per share amounted to 12 fils compared to 11 fils during the same period last year. Total comprehensive income attributable to the owners of the Bank for the three months ended 31 March 2025 amounted to BD 15.4 million, compared to BD 27.3 million for the same period of last year, a decline of 43.6% due to unfavorable mark-to-market valuations of the investment securities. Total operating income (including share of results from associated companies and joint ventures) for the quarter showed a growth of 2.0% from BD 40.2 million achieved during last year to BD 41.0 m achieved this year. The growth was driven by 9.3% higher net fees and commission income of BD 4.7 m compared to BD 4.3 m in the same period last year. In addition, investment and other income stood at BD 7.2 m compared to BD 4.7 m last year, recording a growth of 53.2%, while net provisions in the quarter decreased by 13.5% from BD 3.7 m to BD 3.2 m compared to the same period of last year. Furthermore, the Bank's share from associated companies and joint ventures during the quarter amounted to a profit of BD 0.4 million compared to a loss of BD 1.0 m during the same period of last year. This was offset by a 10.9% decrease in net interest income, resulting from lower international interest rates, from BD 32.2 m to BD 28.7 m compared to the same period of last year. The Bank's continuous investment in its strategic initiatives and human capital led the total operating expenses to be reported as BD 16.6 m compared to BD 16.0 m during the corresponding period of last year, representing an increase of 3.8%. Total shareholders' equity attributable to the owners of the Bank as of end of March 2025 stood at BD 593.1 m (31 December 2024: BD 620.8 m), a reduction of 4.5%, mainly due to the declaration of cash dividend during the first quarter of 2025. The total assets as of the end of March 2025 reached BD 4,485.4 mn compared to BD 4,192.6 m as of 31 December 2024, registering a growth of 7.0%. The growth was mainly attributable to investment securities and the loan portfolio, cash and balances with central banks, and due from banks and financial institutions. The Board of Directors commented on the Bank's results, stating "As we concluded our successful three-year strategic cycle, BBK has achieved significant milestones that have positioned the Bank for sustained growth and innovation. The robust financial results reflects the dedication and commitment of our team in delivering value to our stakeholders. " Also commenting on the results, Mr. Yaser Alsharifi, BBK's Group CE said "Despite the challenging market conditions, BBK has achieved a sound financial performance for the first quarter of 2025, which underscores our resilience and strategic focus in a dynamic market. As we embark on our new strategic cycle for 2025-2027, we are excited to unveil our new initiatives which will focus on market expansion, digital transformation, customer-centricity and innovation. We thank our shareholders, partners, employees and valued customers for their loyalty, dedication and unwavering support. 'In line with our steadfast commitment to corporate social responsibility, BBK has sponsored the 'Global Women Economic forum and Exhibition'. This aligns with the Bank's efforts to support, encourage and promote initiatives aimed at empowering women and raising awareness of their pivotal role in the economic and social development'.
