ADIB appoints Group Chief Executive Officer to accelerate growth strategy

Nasser Abdulla Al Awadhi as ADIB’s new Group Chief Executive Officer starting from January 9

  
ADIB appoints Group Chief Executive Officer to accelerate growth strategy

Abu Dhabi, UAE : Abu Dhabi Islamic Bank’s (ADIB) Board of Directors today announced the appointment of UAE National Nasser Abdulla Al Awadhi as ADIB’s new Group Chief Executive Officer starting from January 9th 2022 subsequent to UAE Central Bank approval.

Nasser brings over 33 years of experience in banking and is a leading practitioner in Islamic finance, having held a variety of senior strategic, commercial and leadership roles. He joins ADIB from Dubai Islamic Bank  where he served as the Group Chief of Consumer Banking, since March 2018, during which he contributed to the development of various transformational programs and implemented various strategic initiatives. He was also a board member of several leading national institutions.

In addition, he held the position of Head of Strategic Relationships  at Dubai Islamic Bank from 2014 to 2018 and Head of Business Development at Tamweel Company from 2011 to 2014.

H.E. Jawaan Awaidha Suhail Al Khaili, ADIB’s Chairman, commented: "The Board are pleased to have appointed Nasser Al Awadhi as Group CEO. Nasser was our standout choice and brings a wealth of leadership experience in both Islamic finance and banking. He will now lead ADIB through our next stage of expansion under our 2025 growth strategy.

“I would also like to take this opportunity to thank the leadership team for playing a central role in leading ADIB over the last two years. During that time and despite the pandemic, the bank has grown significantly, now serving over one million customers, delivering sustained profitability, and putting in place a world-class digital infrastructure.”

Nasser Abdulla Al Awadhi, the newly appointed Group CEO, said: “It is a great privilege to be joining ADIB at a time when the bank is achieving strong momentum, and as its sets out to deliver its 2025 growth strategy. I wholeheartedly share ADIB’s vision to become the world’s most innovative Islamic bank combining the very best digital services with innovative Islamic products. I look forward to working with the bank's team to take advantage of all available opportunities in the market and contribute to ADIB by providing the best possible value to our valued shareholders. "

-Ends-

About ADIB

ADIB is a leading bank in the UAE with more than AED 133 billion in assets. Over 1 million customers benefit from the third largest distribution network in the UAE with 70 branches and more than 500 ATMs. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides retail, corporate, business, private banking and wealth management solutions. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX).

In the UAE, the Bank has more than 2,000 employees and remains one of the leading banks in the recruitment, development and promotion of local talent in all the markets in which it operates. The bank has one of the highest Emiratisation ratios with more than 36 percent of the bank’s workforce being UAE Nationals. ADIB has presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan, Iraq and Qatar. Named “Best Islamic Bank globally” by The Financial Times’ The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Etihad and Etisalat and a wide range of financing products.

For media information, please visit www.adib.ae or contact:
ADIB                                                                               Edelman
Radwa Shehab                                                                Simon Hailes
Head of External Communications                                 Director of Financial Communications
Direct: +971 2 6910169

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