Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Al Baraka Bank seeks acquisitions in India, China & Indonesia as virus pushes valuations down

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May 12, 2020: Al Baraka Banking Group, a Bahrain-based Sharia-compliant lender, plans to expand its footprint in Asia including India, China and Indonesia and is eyeing bank acquisitions as the coronavirus pandemic pushes valuations down, its chief executive said.

Al Baraka currently operates in Sudan, Turkey, South Africa, Algeria, Pakistan, Syria, Tunisia, Saudi Arabia and Lebanon.

Press Release