A former Dubai Islamic Bank senior executive has been appointed as the new group CEO of Abu Dhabi Islamic Bank.
Emirati Nasser Abdulla Al Awadhi will take the ADIB helm from January 9 following UAE Central Bank approval, the bank said in a statement on Tuesday.
Al Awadhi brings over 33 years of experience in banking and is a leading practitioner in Islamic finance, and joins ADIB from DIB where he served as the group chief of consumer banking since March 2018.
Jawaan Awaidha Suhail Al Khaili, ADIB’s chairman, said: “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.”
Al Awadhi 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.”
ADIB has assets of more than AED133 billion and over one million customers with 70 branches and more than 500 ATMs in the UAE. It employs more than 2,000 staff and has one of the highest Emiratisation ratios with more than 36 percent of the bank’s workforce being UAE nationals.
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