Thu, Feb 11, 2016

Business, Banking & Finance
Bank Alkhair gets a new home

Bahrain-based Bank Alkhair has moved its entire Bahrain operation to the 26th floor of Harbour Towers - West within the Bahrain Financial Harbour (BFH) in Manama. 

The move was announced by Yousif Al Shelash, Chairman of Bank Alkhair and Angus Campbell, Chief Executive Officer of Financial Centre Development Company, the owner of Harbour Towers.

Commenting on the move, Al Shelash said: “Bank Alkhair has a strong commitment to Bahrain and our strategic objective is to bolster our business by continually building exceptional value for our stakeholders and contributing to economic growth. The new offices represent one of a range of recent significant developments for the bank, which includes our new senior management team. We selected Harbour Towers as our new home since it has similar values to our own in reflecting Bahrain’s dynamic economy and due to its competitive offer. We look forward to further strengthening our position at the forefront of the industry as a regional international financial institution.”

Campbell said: “We are delighted to welcome Bank Alkhair to Harbour Towers. This is a substantial vote of confidence in Bahrain’s position as a major financial hub in the Gulf region.  Harbour Towers is already home to many of the leading firms in the financial services industry and other sectors. Bahrain has a dynamic economy, a liberal business environment, zero corporate and personal taxation, world-class infrastructure and a young and highly educated workforce. Our aim was to ensure that Bank Alkhair’s relocation to Harbour Towers was a quick and smooth one, and we welcome them to the very heart of business in Bahrain”.

Founded in 2004 and headquartered in Bahrain, Bank Alkhair is an Islamic wholesale bank licensed by the Central Bank of Bahrain, with an international presence in Saudi Arabia, Dubai, Malaysia and Turkey. Bank Alkhair has completed several landmark transactions since its inception, including the establishment of t’azur, a regional Takaful company and the acquisition of Bahrain Financing Company (BFC), the oldest and one of the leading foreign exchange and remittance houses in the GCC.

The Harbour Towers at Bahrain Financial Harbour is the premier go-to business address set in the heart of Bahrain’s capital, Manama. It offers a first class experience with intelligent technology, secure facilities, unrivalled panoramic views and generous parking. Harbour Towers comprises 52 floors of offices with more than 100,000 sq m of Grade A office space. The adjoining Harbour Gate offering a range of units for commercial uses and business support services as well as a variety of F&B options and parking for over 3,000 cars.

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