AlBaraka Bank Sudan Income Up

BAHRAIN, 25 April 2007 — AlBaraka Bank Sudan, a subsidiary of AlBaraka Banking Group (ABG), reported yesterday a 49 percent rise in gross income from syndicated financing and investments for the year ended Dec. 31, 2006 to $14.7 million.

An increase in the income resulting from other banking operations led to an increase of 35 percent in gross operating income, which amounted to $21.2 million. Assets and equity jumped by 8.4 percent and 11.01 percent, respectively.