Bahrain Development Bank Named Among Al Bilad’s Top 50 Bahraini Companies for 2024

Manama, Bahrain – 4th July 2024:

Bahrain Development Bank Named Among Al Bilad’s Top 50 Bahraini Companies for 2024

Bahrain Development Bank (BDB) is proud to announce that it has been recognised among the Top 50 Bahraini Companies for 2024 by Al Bilad Newspaper. This accolade acknowledges the Bank’s significant contributions towards strengthening the entrepreneurial activities within the Micro, Small and Medium-Sized Enterprises (MSME) sector of the Kingdom. The awards ceremony took place on Tuesday, 2nd July 2024 at the InterContinental Regency Hotel, under the esteemed patronage of His Excellency Mr. Abdullah bin Adel Fakhro, Minister of Industry and Commerce. BDB’s inclusion in this coveted list underscores its relentless pursuit of excellence across its diverse operations and institutional activities. The Bank has consistently provided vital financing and empowerment opportunities to Bahraini entrepreneurs, thereby invigorating the Kingdom’s business landscape. This achievement is a powerful testament to the collaborative spirit, dedication, and hard work of the Bank’s exceptional teams, whose efforts continue to reaffirm it as the leading financial institution supporting Bahrain’s MSME sector. Commenting on this achievement, Ms. Dalal Al Qais, Group Chief Executive Officer of BDB said, “We are deeply honoured to be included in this prestigious list and extend our sincere gratitude to Al Bilad Newspaper for their recognition and trust in us. At BDB, we are steadfast in our commitment to developing innovative financial solutions and services that empower our MSMEs and deliver high value to our stakeholders. This accomplishment will further bolster our competitive edge and reinforce our ongoing efforts to advance this sector and contribute to the Kingdom’s sustained economic development.” This year’s event marks Al Bilad Newspaper’s third consecutive award ceremony to honour Bahrain’s leading organisations that have demonstrated exceptional performance and made significant contributions to the national economy. The “Top 50 Bahraini Companies for 2024” list builds upon the resounding success of the previous two editions which received widespread acclaim from various national entities, officials, and stakeholders. The criteria used to identify the Top 50 Bahraini companies include market capitalisation, total assets, net profit, and revenue. Additionally, Bahrainisation levels, adherence to ESG practices, and representation of women in boards of directors and executive management teams also play a crucial role in the ranking process.