16 June 2011
MUSCAT -- Adel el Labban, Member of the Board of Directors of Ahli Bank and Group CEO and Managing Director of parent group Ahli United Bank BSC, was announced as the 2011 recipient of the 'Outstanding Contribution to Financial Services in the Middle East' award by Euromoney, one of the leading and most respected international financial publications.
The award, which honours banking leaders who made major contributions to advancing the financial services industry in the Middle East over the years, was formally presented to El Labban during the special award ceremony held in Dubai. The award ceremony gathered some of the region's most senior bankers, government officials as well as representatives of the international and regional media.
In selecting El Labban for its flagship award, Euromoney Editor, Clive Horwood, said: "Adel el Labban has clearly made a name for himself as one of the most effective chief executives of his generation. The leadership he provided at the helm of some of the region's most successful banks whether in Cairo, London or Bahrain, was instrumental in consistently raising the bar for banking in the Middle East.
While never losing sight of fundamentals, his vision and innovations were the driving force behind CIB's transformation into Egypt's leading private sector bank and in AUB's first decade of unparalleled growth and achievements".
In accepting the award, El Labban said, "My profound thanks to Euromoney for their very gratifying and unexpected award which I am delighted and honoured to accept on behalf of all my colleagues with whom I have been privileged to work over the past 33 years. Their dedication and professionalism has made this award possible and it is to them that the real credit is due".
"We all agree that the prosperity and future stakes of this region hinge on its ability to create sustainable economic opportunities for all, which can only be achieved through inclusion within and integration beyond borders. This is why we saw it both as our mandate and our challenge to be the financial enablers locally and the financial bridge builders regionally, and in the process help foster a resilient and vibrant regional banking industry which transcends the legacy domestic focus on dominating banks in the Middle East, and which enables to efficiently service our client base which is rapidly evolving beyond the single state boundaries", added El Labban.
The award for Outstanding Contribution to Financial Services in the Middle East is the only award given by Euromoney to an individual each year. Previous winners included Raymond Audi, Sulaiman al Rajhi, Abdulaziz al Ghurair, Eisa al Eisa, Ibrahim Dabdoub and the Shoman family.
MUSCAT -- Adel el Labban, Member of the Board of Directors of Ahli Bank and Group CEO and Managing Director of parent group Ahli United Bank BSC, was announced as the 2011 recipient of the 'Outstanding Contribution to Financial Services in the Middle East' award by Euromoney, one of the leading and most respected international financial publications.
The award, which honours banking leaders who made major contributions to advancing the financial services industry in the Middle East over the years, was formally presented to El Labban during the special award ceremony held in Dubai. The award ceremony gathered some of the region's most senior bankers, government officials as well as representatives of the international and regional media.
In selecting El Labban for its flagship award, Euromoney Editor, Clive Horwood, said: "Adel el Labban has clearly made a name for himself as one of the most effective chief executives of his generation. The leadership he provided at the helm of some of the region's most successful banks whether in Cairo, London or Bahrain, was instrumental in consistently raising the bar for banking in the Middle East.
While never losing sight of fundamentals, his vision and innovations were the driving force behind CIB's transformation into Egypt's leading private sector bank and in AUB's first decade of unparalleled growth and achievements".
In accepting the award, El Labban said, "My profound thanks to Euromoney for their very gratifying and unexpected award which I am delighted and honoured to accept on behalf of all my colleagues with whom I have been privileged to work over the past 33 years. Their dedication and professionalism has made this award possible and it is to them that the real credit is due".
"We all agree that the prosperity and future stakes of this region hinge on its ability to create sustainable economic opportunities for all, which can only be achieved through inclusion within and integration beyond borders. This is why we saw it both as our mandate and our challenge to be the financial enablers locally and the financial bridge builders regionally, and in the process help foster a resilient and vibrant regional banking industry which transcends the legacy domestic focus on dominating banks in the Middle East, and which enables to efficiently service our client base which is rapidly evolving beyond the single state boundaries", added El Labban.
The award for Outstanding Contribution to Financial Services in the Middle East is the only award given by Euromoney to an individual each year. Previous winners included Raymond Audi, Sulaiman al Rajhi, Abdulaziz al Ghurair, Eisa al Eisa, Ibrahim Dabdoub and the Shoman family.
© Oman Daily Observer 2011
