Arab Finance: announced bNick Al Baraka Egypt (SAUD)During a joint symposium on the joining of Al Baraka Bank of Algeria and the Jordan Islamic Bank to the Al Baraka electronic commercial platform, which supports joint cooperation between the group’s branches with the aim of providing investment opportunities and strengthening bridges of economic cooperation between exporters and importers within the framework of the global Al Baraka Bank system.
This initiative comes within the framework of the bank’s ongoing efforts to provide innovative banking solutions and enhance commercial cooperation between the bank’s branches in various countries. The symposium discussed ways for the bank’s customers, including suppliers and importers, in Egypt, Jordan and Algeria, to benefit from the trade financing services provided through the platform that combines business units. Al Baraka Group in different countries, which indicates the strategic importance that these countries represent within the bank’s plans for regional expansion and enhancing trade cooperation between the markets of the Middle East and North Africa region.
In his speech during the symposium, Mr. Hazem Hegazy, CEO and Vice Chairman of the Board of Directors of Al Baraka Bank Egypt, said: “This commercial platform is considered an important strategic step in the framework of enhancing joint cooperation between Al Baraka Bank branches in Egypt, Jordan and Algeria and among other Al Baraka Group units, as “It provides commercial facilities, advanced infrastructure, and speed in completing financial transactions, as it gives us the opportunity to explore new horizons for growth and expansion by activating advanced digital banking solutions.”
He added: “These countries constitute major hubs in the bank’s network, and they bring together promising economic environments and great commercial opportunities, as Egypt, Jordan, and Algeria are witnessing growth in the trade and industry sectors, which makes them important markets for increasing cooperation and trade exchange through Al Baraka Bank’s electronic platform. We We look forward to expanding the scope of the platform to include more bank branches in the region, with the aim of enhancing partnership and international trade, which contributes to achieving sustainable economic growth and enhancing trade integration in the Middle East and North Africa region.
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