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Jan 16 2012

Dubai Islamic Bank appoints Mohamed Al Falasi as SVP-Head of Central Operations

Mohamed Salem Al Falasi as SVP – Head of Central Operations reporting to Deputy CEO, Chief Operating Officer.
Mohamed Salem Al Falasi as SVP – Head of Central Operations reporting to Deputy CEO, Chief Operating Officer.

Dubai, January 16, 2012: Dubai Islamic Bank ( DIB ) announced today the appointment of Mohamed Salem Al Falasi as SVP - Head of Central Operations reporting to Deputy CEO, Chief Operating Officer.

Mr. Al Falasi holds a Bachelor of Science degree from the University of Arkansas at Little Rock. Most recently he held the position of SVP - Head of Direct Sales and Alternative Channels at one of the region's largest banks.

Mr. Al Falasi brings to DIB 18 years of experience in diverse industries and will be responsible for overseeing many of the bank's core functions including Central Operations & Administration.

-Ends-

About Dubai Islamic Bank :
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. DIB 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 70 branches in the UAE.

DIB has been proactive in creating partnerships and alliances at both the local and international level. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which has a network of 64 branches across 26 major cities in Pakistan. DIB has also started operations in Jordan, with the establishment of Jordan Dubai Islamic Bank

DIB has earned the respect of its peers around the world for many years, and its leading position has been reaffirmed by the 79 local, regional and international accolades that it has won between 2008 and 2010. DIB has won awards across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. The bank's most recent awards include being named "Best Islamic Bank in UAE" for the fifth consecutive year by Islamic Finance News, "Best Islamic Bank" in the UAE for 2010 by NY-based Global Finance magazine, "Best Islamic Bank in the UAE" by Asiamoney magazine, and being named winner of the first-ever pan-Arab emeafinance award for corporate social responsibility.

For further information, please contact:
Liam Turner / Nicholas Nesson
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600
Fax: 971-4-4358040
E-mail: l.turner@asdaa.com / n.nesson@asdaa.com

© Press Release 2012

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