Al Hilal Bank named Global Growth Company by World Economic Forum

October 7, 2014: Al Hilal Bank, the progressive Islamic bank, has announced that it has been selected as a World Economic Forum (WEF) Global Growth Company (GGC) for 2014. The bank was chosen for its exceptional growth, global corporate citizenship, executive leadership, innovation, and positive impact on its industry and the MENA region’s overall competitiveness.

GGCs are considered trailblazers, shapers and innovators that are committed to improving the world. They currently come from more than 65 countries, with each one capable of becoming global economic leaders through  their unique business models, growth records, leadership, and their serviced  markets. WEF has so far selected more than 360 members meeting these criteria.

Al Hilal Bank was chosen from an exceptionally strong and diverse pool of GGC candidates this year, representing fast-growing companies from a broad cross-section of industry sectors. It was officially recognized as a GGC Honoree alongside 27 other leading companies from Europe, Eurasia, and the Middle East last September, the last day of the World Economic Forum Special Meeting on Unlocking Resources for Regional Development held in Istanbul, Turkey.

As a Global Growth Company, Al Hilal Bank is now part of the ‘New Champions,’ a larger WEF community of pioneers, disruptors and innovators. The bank will be able to contribute to the Forum’s unique platform of meetings, projects and knowledge products for pursuing responsible and sustainable growth.

During the awarding rites, Saif Al Dhaheri, EVP, Human Capital and Facilities Management, Al Hilal Bank, said:  “Al Hilal Bank is truly honored to formally join the elite ranks of Global Growth Companies recognized by the World Economic Forum. Our institution has followed a path of unrivalled excellence and constant innovation to emerge as one of our region’s leading progressive Islamic banks. Being recognized as one of the most dynamic and responsible companies in the world is a testament to the purity and clarity of our vision. We look forward to further shaping the future of our industry, contributing to the prosperity of our region, and supporting the World Economic Forum’s efforts to open up new vistas for global growth and development.”

“When choosing entrants to our Community of Global Growth Companies, we assess companies on their business model, annual revenues and growth rates, executive leadership and market position. Al Hilal Bank is a dynamic institution with clear potential to shape the future in its relevant business sector and so is a perfect fit to our GGC community,” added David Aikman, Managing Director and Head of the New Champions at the World Economic Forum.