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Al Baraka Group achieves consolidated net income of $309mln for the year ending 2024

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Manama: Al Baraka Group B.S.C. (C) ("Group") has achieved a significant leap in its financial performance during the last three months of 2024 and for the year as a whole, compared to 2023.
Al Baraka Group, a leading Islamic financial institution, reported a consolidated net income of $309 million for the fiscal year ending in 2024. This represents a significant achievement for the group, showcasing robust financial health and operational success across its various business segments. The group's performance was bolstered by growth in core banking operations, strategic investments, and an expansion in its customer base. Additionally, Al Baraka Group highlighted its commitment to sustainable and ethical banking practices, aligning with Islamic finance principles, which contributed to its strong financial results. The report also mentioned enhancements in digital banking services and a focus on innovation to meet evolving customer needs, further solidifying its market position.

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