Singapore Gulf Bank Joins Bahrain Association of Banks
June 14, 2026
Manama, Kingdom of Bahrain – 30 June 2026: SINNAD, a pioneer provider of card processing and payment services in the MEA region and a subsidiary of The BENEFIT Company, has announced its membership in the Bahrain Association of Banks (BAB), reflecting its commitment to strengthening collaboration with banking and financial institutions and contributing to initiatives that support the advancement of Bahrain’s digital payments ecosystem.
This membership aligns with SINNAD’s ongoing efforts to expand its presence within the Kingdom’s financial and banking landscape and actively participate in platforms that bring together industry experts and financial institutions to exchange knowledge, expertise, and best practices. Through this engagement, SINNAD aims to support innovation and foster greater integration among stakeholders across the financial sector.
Commenting on the occasion, Mrs. Rana Almaeeli, Chief Executive of SINNAD, said: “SINNAD’s membership in the Bahrain Association of Banks marks an important milestone that reflects our role as a strategic partner contributing to the advancement and enablement of the card processing and digital payments ecosystem. Through this membership, we look forward to strengthening collaboration with banks, financial institutions, and industry stakeholders, while contributing our expertise in card processing and digital payment solutions to support the continued development of the financial sector and meet the evolving demands of digital transformation.”
She added: “At SINNAD, we believe that building a progressive financial ecosystem requires continuous collaboration and the exchange of knowledge and expertise among all stakeholders. Through this membership, we look forward to fostering greater industry dialogue and cooperation, while contributing to initiatives that support the growth and sustainability of Bahrain’s financial sector.”
Mrs. Zeeba Askar, Chief Executive Officer of BAB, said: "We are pleased to welcome SINNAD to the Bahrain Association of Banks. This membership brings valuable expertise to our network and reflects the company’s important contribution to Bahrain’s digital payments infrastructure and card processing services. As financial services continue to evolve, closer collaboration between banks, financial institutions and specialized FinTech providers has become essential to building a more efficient and future-ready sector. We look forward to SINNAD’s active participation in the Association’s work and initiatives, supporting greater collaboration across the industry and reinforcing Bahrain’s position as a leading regional financial hub."
This membership further reinforces SINNAD’s commitment to supporting the digital evolution of the financial sector and strengthening strategic partnerships that contribute to the advancement of the payments ecosystem, while further solidifying the Kingdom of Bahrain’s position as a leading regional hub for innovation and financial technology.
About SINNAD:
SINNAD, established in 2008, is a pioneer provider of card processing and digital payment services in the MEA region. A subsidiary of The BENEFIT Company and regulated by the Central Bank of Bahrain as an Ancillary Service Provider. SINNAD offers a comprehensive suite of reliable and efficient solutions, including card issuance and personalization, tokenization, ATM, acquiring, fraud monitoring, contact centre and the latest value-added services supporting integrated systems and operations. For further information, please visit www.sinnad.com.bh
