DOHA: Barwa Bank, one of Qatar’s leading Shariah compliant banking service provider, awarded participating teams from the bank for scoring the “Highest Share Price” in Qatar’s inaugural edition of the Global Management Challenge, the largest strategy and management simulation competition in the world, said a statement yesterday.
Attending the event, held at Barwa Bank headquarters recently was Khalid Al Subeai, Acting CEO of Barwa Bank Group and representatives from the Adnar Group, the official organisers of the Global Management Challenge.
Al Subeai said: “I am very proud of those who represented Barwa Bank in this competition. They shone as CEO’s of their virtual companies and saw through this highly competitive competition with flying colours.”
The Global Management Challenge consists of a strategy and management simulation competition in which each team runs a virtual company, with the objective of finishing with the highest company share price on the simulated stock exchange.
Representing Barwa Bank Group in the national competition was Ahmed Abdulaziz Al Amadi, Abdulla Al Fadli, Abdulaziz Ishaq, Abdulla Al Madeed, Mohamed Hamaq, Fawziya Al Abdulla, Abdulrahman Fahad Al Thani, Yousef Al Khulaifi, Abdulrahman Al Hammadi and Talal Khaja.
In the competition each team managed a fictitious company with the objective of getting the highest company investment performance in the simulated stock exchange. They took decisions in the areas of marketing, sales, human and financial resources and production, just like what happens in real life, simulating a real business environment.
The Global Management Challenge is the world’s largest strategic and management competition based on simulation. This futuristic talent development program is the cutting edge Training and Talent development tool today, more than 500,000 managers and university students from over 40 countries participated in it so far throughout the world. The participants came from all walks of life; senior and middle managers, managers to be and students.