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MANAMA:Chief Executive Officer of Ebdaa Bank for Microfinance, Bahrain Dr. Khaled Walid Al-Ghzawi expressed bank’s pride for Forbes to rank Bank’s chairman Mrs. Mona Al Moayyed fourth in the elite list of 20 women heading family business in the middle east.
This recognition motivates Bank's executive staff to develop performance and improve productivity in line with the directives of the Board of Directors and achieve the strategic objectives of the Bank.
In a statement on this occasion, Dr. Al-Ghzawi said: “Mrs. Al-Moayyed maintains its rank in Forbes list not only due to the exceptional economic and commercial capabilities owned by Al-Moayyed, but also to her social responsibility activities and heading family businesses. In addition to establish and chair many associations and charities.”
“Since Mrs. Al Moayyed took over the chairmanship of Ebdaa Bank, the bank has taken qualitative steps in its performance and upgraded its services to micro-entrepreneurs. The Bank has increased the number of its beneficiaries by almost 100%, bringing the number of borrowers today to more than 2900, mostly youth and women.” Said Dr. Al-Ghzawi.
“Mrs. Al Moayyed was chosen first among 4 most influential Bahraini women 2018. she was ranked the eighth in the elite list of most influential women in the middle east. Today, she is receiving another distinguished recognition for her outstanding role in the growth of the business of Yousef Khalil Almoayyed & Sons as CEO of this long-established company.” Added Dr. Al-Ghzawi.
He stressed that the executive staff of Ebdaa Bank is inspired by the guidance and enthusiasm of its Chairman Mrs. Al-Moayyed to achieve more achievements and considers her an idol in providing services to the economy and society, not only in the Kingdom, but worldwide.
“Al-Moayad's continuous achievements reinforce objectives of AGFUND; Ebdaa Bank is one of its initiative, towards empowering women leadership responsibilities in AGFUND banks, having demonstrated considerable ability in developing and implementing strategies for microfinance. “said Dr. Al-Ghzawi.
Dr. Al-Ghzawi affirmed that the reputation of the bank is a strong motivation to move forward in achieving the bank's objectives to attract more investors and businessmen to contribute to maximizing its capital, this will enable the Bank to enhance its services and expand its customer segments of Bahrainis seeking to improve their living conditions, providing job opportunities and support the national economy.
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About Ebdaa Bank:
Ebdaa Bank was established in 2009 in the Kingdom of Bahrain with a capital of US $ 5 million. Bank’s major shareholders of entrepreneurs and institution receive 60 per cent of profit, while AGFUND receives the remaining profit. Ebdaa Bank continues to support Bahrain’s Economic Vision 2030 by helping low-incomers to engage in new and innovative economic projects.
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