In line with the governance standards set by the Board of Directors of Al Baraka Banking Group B.S.C (ABG), the succession plan at the Head Office and the Group's banking units adopted by the Board, and due to the Group's significant geographical spread and expansion plan in its new markets, the Board of Directors of the Group approved in its last meeting the appointment of Mr. Hamad Al Oqab as Deputy CEO of the Group. Mr. Hamad Al-Aqab has been the Executive Vice President and Head of Finance of Al Baraka Banking Group since 2005. Mr. Al-Oqab has 25 years experience in banking and auditing. He is Chairman of the Accounting Standards Board of the Accounting and Auditing organization for Islamic financial institutions (AAOIFI). He is also a Member of the Boards of Al Baraka Turk Participation Bank, Jordan Islamic Bank and Banque Al Baraka D'Algerie, Algeria; in addition he serves as Chairman of the Audit Committee of Al Baraka Turk Participation Bank, as well as being a member of the Audit Committees of Jordan Islamic Bank and Banque Al Baraka DAlgerie and a member of the Social Responsibility Committee of Jordan Islamic Bank.