Bahrain-based Bank Alkhair, an Islamic wholesale bank, announced that it has moved its entire Bahrain operations to the 26th floor of Harbour Towers-West at Bahrain Financial Harbour, as part of its business objectives.

The move was announced by Yousif Al-Shelash, chairman of Bank Alkhair, and Angus Campbell, CEO of Financial Centre Development Company, owner of Harbour Towers, in the presence of senior management from both parties.

Commenting on the move, Al-Shelash said: “Bank Alkhair has a strong commitment to Bahrain and our strategic objective is to bolster our business by continually building exceptional value for our stakeholders and contributing to economic growth. The new offices represent one of a range of recent significant developments for the bank, which includes our new senior management team.”

Al-Shelash added: “We selected Harbour Towers at Bahrain Financial Harbour as our new home since it has values similar to our own in reflecting Bahrain’s dynamic economy and due to its competitive offer. We look forward to further strengthening our position at the forefront of the industry as a regional international financial institution.”

Campbell said: “We are delighted to welcome Bank Alkhair to Harbour Towers at Bahrain Financial Harbour. This is a substantial vote of confidence in Bahrain’s position as a major financial hub in the Gulf region. Harbour Towers at Bahrain Financial Harbour is already home to many of the leading firms in the financial services industry and other sectors.”

Campbell added: “Bahrain has a dynamic economy, a liberal business environment, zero corporate and personal taxation, world-class infrastructure, and a young and highly educated work force. Our aim was to ensure that Bank Alkhair’s relocation to Harbour Towers at Bahrain Financial Harbour was a quick and smooth one, and we welcome them to the very heart of business in Bahrain.”