Dubai, UAE – Noor Bank today announced the departure of Hussain Al Qemzi from his position as Managing Director of Noor Bank, effective 31 October, 2017.

Hussain Al Qemzi was CEO of Noor Bank from its inception in 2008 until June 2017 when he became the Bank’s first Managing Director.

A spokesperson for the Board said: “Since Noor Bank was established in 2008, it has developed into one of the leading Islamic banks of the UAE under the leadership of Hussain Al Qemzi. I would like to place on record my deep appreciation of Hussain’s energy, dedication and leadership in building Noor Bank from its inception to the strong, innovative A-rated bank that it has become today.”

“I am confident that our CEO John Iossifidis will build on this legacy and ensure that Noor Bank continues to be at the forefront of the UAE banking industry as an innovative Shari’a-compliant bank committed to delivering the highest quality banking experience to our customers.”

Since its launch in 2008, Noor has gained a reputation for offering innovative, client-focused, banking products and services. It has consistently delivered earnings and profit through a strategy of conservative and sustainable growth.

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About Noor Bank
Noor Bank began operations, in Dubai, in 2008, as Noor Islamic Bank. It is a full service bank delivering the broadest range of products for its customers, with an emphasis on unique and personalised service. Noor Bank is governed by the Shari’a Supervisory Board, comprising of leading Islamic scholars, comprising leading Islamic scholars with extensive experience and expertise in legal, financial and banking-related matters. Noor Bank is rated “A-” IDR with a stable outlook by Fitch Ratings. The corporate shareholders of the Bank are The Office of the Crown Prince of Dubai (25.73%), the Investment Corporation of Dubai (22.71%) and the Emirates Investment Authority (4.7%).  The remaining shares are beneficially held by individuals who each own less than 5% of Noor Bank.  For further details, please visit: www.noorbank.com or call 800 6667.

© Press Release 2017