Boubyan Bank releases its 2021 sustainability report for the 2nd year in a row

Boubyan Bank releases its 2021 sustainability report for the 2nd year in a row

“The year 2021 was exceptional and was no less challenging than 2020. After what we went through in 2020 and our success in overcoming its obstacles and difficulties, we were faced with a new challenge, namely returning to the business market which is no longer having the same levels of performance we had before the crisis, but rather a stronger market where competition has significantly grown among organizations of the financial and banking sector per se.”, he added.

With regards to governance aspects, Al-Tuwaijri elaborated: “We are keen on monitoring and measuring the Group’s ESG metrics, and we ensure to report and communicate our commitments transparently to our concerned stakeholders. Boubyan Bank always seeks to safeguard shareholders’ rights, protect its investment value, and avoid any conflict of interest through complying to all ethical standards and strengthening its shareholders’ roles, specifically in in decision-taking processes that are related to their investments.”

The Bank’s Vision

Al-Tuwaijri pointed out that Boubyan considers sustainability as one of the main drivers of the bank’s vision, which aspires to become one of the largest Islamic banks in the industry.

He added: “2021’s sustainability report is based on the Group’s evaluation and disclosure of all its sustainability related performance metrics, especially