ADIB appoints acting Group CEO
COMMERCIAL NEWS
Abu Dhabi Islamic Bank (ADIB) has appointed Mohamed Abdelbary as acting Group CEO of the bank following the resignation of Nasser Al Awadhi from his position as Group CEO of ADIB for personal reasons.
Abdelbary joined ADIB in May 2020 as the Group CFO from Standard Chartered Bank Middle East, where he held several positions, including that of Regional CFO in Africa and the Middle East, Head of Business Finance in the UAE and the Middle East, and Head of Finance Department. He has extensive experience spanning over 27 years, where he worked at international banks including Citibank and Barclays Bank.
His appointment comes during a period when the bank is exploring new avenues to expand and to achieve ambitious goals to fulfill its long-term strategy and vision. As Group CFO, Abdelbary has been instrumental in leading significant improvement in the bank’s financial position, the bank said.
ADIB is one of the leading banks in the UAE, established in 1997 and has witnessed, over the past 10 years a record growth, with total assets reaching AED193 billion.
ADIB provides its services to more than 1,200,000 customers within a network of 60 branches and more than 500 ATMs and a world-class digital infrastructure which allow customers to access their banking services conveniently round the clock.
ADIB offers a wide range of retail, corporate and business banking products, and services, in addition to private banking and wealth management services. – TradeArabia News Service
