Al Baraka Banking Group BSC is a Bahrain-based joint stock company engaged in the provision of banking products and services in accordance to Islamic sharia principles. The Bank’s principal activities comprise of international and commercial banking, financing, and treasury and investment activities. The Bank has operations in 12 countries in the Middle East, Africa and South East Asia through a network of 400 branches and representative offices. As of December 31, 2011, the Bank’s subsidiaries include Banque Al Baraka D’Algerie (BAA), AL Baraka Islamic Bank-Bahrain (AIB), Al Baraka Bank Tunis (ABT), Al Baraka Bank Egypt (ABE), Al Baraka bank Lebanon (ABBL) and Jordan Islamic Bank (JIB), among others. As of October 25, 2011, the Company acquired 60% of the issued shares of Al Tawfeek Financial Group Company through its subsidiary in Bahrain, Al Baraka Islamic Bank.