ABU DHABI, 23rd July, 2015 (WAM) -- Al Hilal Bank announced today the appointment of a new Board of Directors under the Chairmanship of Mohamed Abdullah Al Rumaithi, and the election of Mohamed Ali Al Dhaheri as Vice Chairman to the Board.
Al Rumaithi commented that as Al Hilal embarks on its next phase of growth, and with the full support of the shareholder, the Abu Dhabi Investment Council, the long-term prospects for the bank are positive and well positioned to benefit from the economic growth and prosperity of the UAE. The bank's new Chairman, board and senior management welcomed Mr. Al Rumaithi, who holds the position of the Under-secretary of Financial and Procurement Affairs at the UAE Ministry of Presidential Affairs and Deputy Chairman of the Higher Committee of the Nationals' Defaulted Debts Settlement Fund, and is a highly experienced Board Director, bringing significant experience to the Bank. Al Hilal has grown into a progressive Islamic bank with a total of 25 branches spread across the UAE in addition to three overseas branches in Kazakhstan. The bank has received many awards in recent years, including 'UAE Deal of the Year' and 'Syndicated Deal of the Year' from Islamic Finance News and the 'Safest Islamic Bank in the UAE' from Global Finance Magazine.Copyright Emirates News Agency (WAM) 2015.
