Chairman’s introduction

Dear Shareholders

It is my pleasure and privilege to introduce BBK’s annual report for the year to 31 December 2016.

This was the first year of our new three-year strategic cycle, and we can reflect with some satisfaction on what has been achieved – both in terms of results and in preparing for the future. The business environment has continued to be difficult at home and abroad, but BBK has maintained the consistent performance that has been our hallmark for so long, as detailed in this report.

I take this opportunity to extend our thanks and appreciation to His Majesty King Hamad bin Isa Al Khalifa, the King of the Kingdom of Bahrain, and His Highness Sheikh Sabah Al Ahmad Al Sabah, the Amir of the State of Kuwait. I also extend thanks to their respective governments and regulatory authorities for their support and guidance.

I thank the Board of Directors and all stakeholders for their outstanding contributions during the year. I have every confidence that their counsel and expertise will be equally valuable in realising the vision for growth contained in our new 2016-18 strategic cycle.

Murad Ali Murad