Long-standing ADIB board member quits post

Khamis Mohamed Buharoon Al Shamsi has served on bank's board for 13 years

  
Abu Dhabi Islamic Bank (ADIB) UK, a wholly-owned subsidiary of Abu Dhabi Islamic Bank. Image for illustrative purposes.

Abu Dhabi Islamic Bank (ADIB) UK, a wholly-owned subsidiary of Abu Dhabi Islamic Bank. Image for illustrative purposes.

ADIB/Handout via Thomson Reuters Zawya

Abu Dhabi Islamic Bank (ADIB) has announced the resignation of a long-standing board member.

In a statement to the Abu Dhabi Securities Exchange (ADX), the bank said its board had approved the resignation of Khamis Mohamed Buharoon Al Shamsi at its meeting on Thursday.

Al Shamsi had served for successive periods from September 2007 until March 2021. No reason was given for his resignation.

The UAE lender posted a profit of 1.6 billion dirhams ($435.7 million) in 2020, down from 2.6 billion dirhams in 2019.

(Writing by Imogen Lillywhite; editing by Cleofe Maceda)

Imogen.Lillywhite@refinitiv.com

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© ZAWYA 2021

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