CBI grows Islamic Banking capability with new senior appointment

Dubai 1 July 2015: Commercial Bank International (CBI) has announced the appointment of Mamoon Abdel Kader as its new Head of Islamic Banking.

Mark Robinson, Chief Executive Officer of CBI said: "We are pleased to welcome Mamoon into the CBI family at this exciting time of change and growth. As a seasoned banker, Mamoon has the deep knowledge of Islamic our customers need and we are confident his experience will add considerable value to our expanding team. Mamoon will lead our Islamic banking business and develop our Shari'a compliant offering into a leading service for the commercial sector."

Mamoon, whose previous position was Regional Head of Corporate Banking at Emirates Islamic Bank, will lead CBI's expanding Islamic banking team.

Commenting on his appointment Mamoon Abdel Kader said. "The future of the Islamic banking industry in the UAE is extremely promising and the introduction of our Islamic banking window will allow CBI to further its position within this growing market. This is an exciting time for CBI and I am delighted to be part of the team and to be leading the development of this important initiative for our customers."

About Commercial Bank International (CBI)
Commercial Bank International (CBI) was incorporated in 1991 in the Emirate of Ras Al Khaimah. With its headquarters in Dubai, CBI today operates with a network of 26 branches and 136 ATMs spread across the UAE and a growing presence in transactional banking and technology-driven delivery channels.

The Bank offers a comprehensive portfolio of banking products, as well as tailor-made financial solutions in both Corporate and Retail Banking, ranging from personal account services to finance for homes and automobiles to commercial loans and project support.

Supported by its strategic partnership with Qatar National Bank (QNB), the leading financial institution and largest bank in the MENA region, since the latter's acquisition of 40% of CBI shares in 2012, and a renewed customer-centric approach, CBI remains well positioned for future growth.

CBI's shares are listed on the Abu Dhabi Securities exchange (ADX).

For more information on CBI, please visit cbiuae.com

Media contact:
Vemuri Srinivas
04 2126164
communications@cbi.ae

Will Anderson/ Racha Mourtada
+971 (0) 2 234 4600
+971 (0) 4 446 6270
cbigulf@brunswickgroup.com