The Bahrain Association of Banks (BAB) has welcomed MENA Industrial Bank a conventional wholesale bank to its membership, further expanding the Association’s representation of institutions that support industrial growth and wider economic development. The addition is expected to enhance collaboration among members in support of Bahrain’s development priorities, reinforce the Kingdom’s position as a leading financial hub and attractive destination for quality investment, and promote closer coordination across the banking and financial sector.

Mr. Shamzani Hussain, Chief Executive Officer of MENA Industrial Bank, commented: “Joining the Bahrain Association of Banks is an important step for the Bank as we continue to expand our presence in both the domestic and regional markets. We view the Association as a highly effective platform for building closer ties with stakeholders across the banking and financial industry, while contributing to policy discussions and initiatives that support the national economy. Through this membership, we look forward to taking an active part in the Association’s committees and programs, in a way that strengthens the financing solutions we provide to Bahrain’s and MENA region.”

Welcoming the new member, Mrs. Zeeba Askar, Chief Executive Officer of the Bahrain Association of Banks, said: “We are pleased to welcome MENA Industrial Bank’s as a member in BAB which represents a valuable addition given its broad expertise in structuring and delivering financial solutions across diverse sectors. The Association is committed to strengthening collaboration across Bahrain’s banking sector in support of the ambitions of Bahrain Economic Vision 2030. The Bank’s participation will add further depth to ongoing discussions around the role of the financial sector in economic development”

With this membership, MENA Industrial Bank is set to benefit from the extensive network and collective expertise that the Association offers its members. Meanwhile, BAB continues to advance collaboration across the financial sector, underscoring the importance of the financial sector as one of the Kingdom’s leading non-oil contributors to economic growth.