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ABG Wins Compliance And Corporate Governance Award

The Hawkamah Institute for Corporate Governance and the Union of Arab Banks (UAB) announced the 2010 edition of the Hawkamah-UAB Bank Corporate Governance Award, the region’s leading awards programme focused on recognizing superior governance practices in the banking sector in the Middle East and North Africa (MENA) region. The Award honours banks that have made exceptional efforts to improve their corporate governance practices beyond the minimum legal and regulatory requirements imposed by their jurisdictions, and whose achievements serve as a model for other banks in the region.

This year 35 Banks from 12 countries participated and the Award assess Banks on key criteria – commitment to good corporate governance; structure and functioning of the board of directors; control environment and processes; disclosure and transparency; and shareholders rights. The judging panel included three international corporate governance experts from Pricewaterhouse Coopers & Global Governance Services.

Congratulations to Al Baraka Banking Group on this prestigious award.

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