ADIB makes its latest senior management appointment, Head of Branches, as part of its ongoing commitment to delivering the highest levels of customer service

Bank opens 44th branch as part of strategy to expand UAE operation

Abu Dhabi, 26th August 2008 - Abu Dhabi Islamic Bank (ADIB) has today announced further developments as part of its aggressive drive to further expand its UAE operations and get even closer to its customers.

ADIB has appointed Mr. Ali Al Shaqoosh Al Mueen as a Senior Vice President, Head of Branches - UAE, in a move that is designed to place ADIB's branch network at the heart of the group's operations.

Mr. Al Mueen assumes responsibility for all ADIB's UAE branches, including further expansion and the continuous improvement of customer experience delivered through the network. He has over 20 years experience in the UAE banking industry, including previous roles at Citigroup and Standard Chartered Bank.

In addition, ADIB, which earlier this month posted record half year profits of AED 520 million, has opened the doors of its latest branch in Al Wagn, close to Al Ain. The new branch is ADIB's 44th in the UAE, reinforcing it as the largest branch network of any Islamic bank in the Emirate of Abu Dhabi.

The new branch will serve the local community of approximately 10,000 people, delivering the high levels of customer services and innovative Islamic finance solutions which ADIB has become known for across the UAE.

Mr. Al Mueen comments: "Alongside the development of alternative channels, the enhancement of our branch network will play a key role in allowing our customers even easier access to ADIB. We recognize that our branches, and the quality of service we deliver in them, are a critical part of the overall customer experience.

"We will be driven by the continued enhancement of our customers' experience, through the implementation of global best practices and challenging the way we do things, and by understanding our customers and what they need from their bank."

Mr. Tirad Mahmoud, Chief Executive Officer of ADIB, says: "While ADIB now operates on the international stage, delivering the highest level of service possible to our UAE customers remains the primary focus of our business. Ali's appointment as Head of Branches and the addition of our 44th branch in the country reaffirms our commitment to be present in the heart of the communities which we serve. We intend to continue driving forward our national expansion plans, seeking to reinforce ADIB as a top tier Islamic financial services group in the region."

For more information about ADIB please visit www.adib.ae

-Ends-

Abu Dhabi Islamic Bank (ADIB) was established on 20th May 1997 as a Public Joint Stock Company following the Amiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11th November 1998, and was formally inaugurated by His Highness Sheikh Abdullah Bin Zayed Al Nahyan, on 18th April 1999. The Bank carries out all contracts, operations and transactions in accordance with Islamic Shari'a principles. ADIB commenced its operations with a paid-up capital of AED 1 Billion, where the founding shareholders include Members of the Ruling Family, The Abu Dhabi Investment Authority and Prominent UAE.

ADIB's mission is to offer financial solutions for the global community, and its vision is to become a top tier Islamic financial services group.

ADIB prides itself on its values which reflect the Bank's commitment to the Islamic Shari'a, and the guidelines of the Bank's practices adhere to the principles of Islam. ADIB's value structure consists of transparency, quality, Innovation, professionalism, social responsibility and empowering its staff.

For more information please contact:
Ali Dalati/ Firas Mahmoud
Weber Shandwick MENA
Tel: 00-971-2-449-4405
Email: ali.dalati@ws-mena.com       
firas.mahmoud@ws-mena.com

© Press Release 2008