| 22 Jun 2009 |
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DIB announcement for a resignation of a director from the board
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Dubai, June 22, 2009: Dubai Islamic Bank (DIB)Dubai Islamic Bank (DIB)
, the largest Islamic bank in the UAE, stated today that Mr. Nasser Bin Hassan Al-ShaikhMr. Nasser Bin Hassan Al-Shaikh, who has served as a member of the Board of Directors of the bank , has submitted his resignation to the Board of Directors. The Board of Directors of DIBDIB
will convene shortly to consider its ratification of the same. The bank will provide further information in this regard following this meeting of the Board of Directors.- Ends -
About Dubai Islamic Bank
Dubai Islamic Bank (DIB)Dubai Islamic Bank (DIB)
, established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the UAE. DIBDIB is a public joint stock company, and its shares are listed on the Dubai Financial Market. The bank enjoys a reputation as a leader and innovator in maintaining the quality, flexibility and accessibility of its products and services. The bank currently operates 57 branches in the UAE. As part of its expansion plans announced in early 2009 and in line with its aim to ensure customer satisfaction through accessibility, DIBDIB
will increase its nationwide network to 64 branches by the end of this year. In addition to regular, full-service branches, DIBDIB is also planning to launch Express Banking Centres, which will provide fast, efficient services to DIBDIB customers at various convenient locations like shopping malls, hypermarkets and megastoresBy the end of 2009, DIBDIB
forecasts that the bank's total customer base will increase by approximately 15 per cent, reaching some 900,000 customers, while its retail assets business will grow by approximately 20 per cent. DIBDIB
has been proactive in creating partnerships and alliances at both the local and international level. The bank has established DIBDIB Pakistan Limited, a wholly owned subsidiary. DIBDIB has also opened its first representative office in Turkey to enhance its access to that market. DIBDIB has also acquired a stake in Al Khartoum Bank and in Emirates and Sudan Bank, as well as contributing to the launch of Jordan Dubai Islamic Bank. DIBDIB
has won the respect of its peers around the world for many years, and its leading position has been reaffirmed by the 34 awards that it has won in 2008 across diversified areas within banking, be it retail, corporate or investment banking. The bank was recently named "Best Islamic Bank" for the 4th consecutive year by Banker Middle East magazine. DIBDIB has also received many awards from international organisations, such as the prestigious "Bank of the Year" award from The Banker (Financial Times), along with prestigious accolades from UK based Euromoney and NY based Global Finance magazines.For further information, please contact:
Nicholas Nesson
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080
E-mail: n.nesson@asdaa.com
Ghaleb Zeidan
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080
E-mail: g.zeidan@asdaa.com
Gunjan Chaurasia
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080
E-mail: g.chaurasia@asdaa.com
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