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Abu Dhabi: Al Hilal Bank today announced the appointment ofKhaled Abdulla Neamat Al Khoori as its new Chief Executive Officer.
Prior to his appointment at Al Hilal Bank, Khaled AlKhooriheld a number of positions at Abu Dhabi Investment Authority (ADIA), including Director, Real Estate and Infrastructure Development. At ADIA, Khaled was responsible for managing the firm's global investment mandate, ensuring a balance between different investment styles, geographies and sectors. He also served as Director of the Private Equity Department for three years, focusing on mega funds and credit investments in the US and European markets.
In 2007, Khaled Al khoori was appointed as the Vice- Chairman of Abu Dhabi Islamic Bank (ADIB). He was pivotal in the bank's transformation into a market leader in Retail Banking and the expansion of its regional operations in KSA, Qatar, Iraq and Egypt.
In his illustrious banking career, Khaled also served as Chief Investor Officer at the Far East equities department at ADIA for the Asia Pacific markets mainly Japan whereby he lead a team of 14 professional investors in managing ADIA's $4 billion equity investment in the Far East.
Commenting on this appointment,H.E. Mohamed Abdullah Al Rumaithi, Chairman at Al Hilal bank said "We would like to welcome Khaled to the Al Hilal family and wish him the very best in his new role. We are confident that his experience and expertise in the financial sector, will give Al Hilal bank the impetus to reach new heights while providing valuable returns to the Group's stakeholders and delivering excellent results,"
The newly appointed Al Hilal bank CEO, Khaled Abdulla Neamat AlKhoori said, "I am very pleased to be joining Al Hilal, a successful financial services organization that is fast establishing itself as one of the leading banks in the UAE with strong aspirations for growth. I would like to thank the Al Hilal's Board of Directors for their trust and look forward to building on Al Hilal's successby offering unmatched financial services to our clients, achieving the Group's strategic objectives and ensuring that it continues to be a value-adding organization to all its stakeholders. I am excited to work with Al Hilal's committed and talented staff and with core partners and stakeholders to scale up our efforts and achieve the goals that we have set out to achieve our vision," added AlKhoori.
Khaled AlKhoori holds a Summa Cum Laude BSBA degree in Finance and Accounting from Boston University, US, and has completed a General Manager Program from the Harvard Business School in 2005.
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About Al Hilal Bank
Al Hilal Bank was founded in 2008 by the Abu Dhabi Investment Council, an investment arm of the Abu Dhabi Government, with the mission of delivering innovative and fresh banking services adhering to core Islamic values with an authorized capital of AED 4 billion.
Six months after formally opening its first four branches, the bank was granted the 'Best Customer Experience' award at the 2008 Middle East Retail Banking Awards.
Al Hilal Bank's vision is to constantly redefine and set new standards in the Islamic banking sector. Al Hilal Bank now ranks 10th in a highly competitive UAE market shared with nearly 60 other banks and are the first Islamic bank to operate in Kazakhstan.
© Press Release 2015
