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News Article

28 March 2011

Amr Al Menhali, new Head of Islamic Banking in ADCB

Abu Dhabi, 28 March 2011: Abu Dhabi Commercial Bank announced today the appointment of Amr Saad Al Menhali as the new Head of Islamic Banking for the Bank. Amr, a UAE national who has been with ADCB since 2006, has been promoted from his position as Senior Vice President (SVP) and Head of Retail Credit at the Bank.

During his time at ADCB Amr has played a significant role in the development of the Islamic Banking division. He was instrumental in the launch of ADCBs Islamic Banking Business in 2008 and has been an acting member of the Steering Committee in monitoring the project since its inception. As SVP and Head of Retail Credit, Amr oversaw the restructuring of ADCBs entire credit division, most notably through the acquisition of the Royal Bank of Scotlands retail business in the UAE.

In addition to his business role, Amr is also a nominated board member by ADCB for Abu Dhabi Finance (ADF) and Abu Dhabi Commercial Islamic Finance Company (ADCIF). He also represents ADCB in National Anti Money Laundering Committee of the Central Bank of UAE

Alaa Eraiqat, Chief Executive Officer and Board Member at ADCB, said: It is with great pleasure that we appoint Amr to the position of Head of Islamic Banking for the Bank. He has done an exceptional job contributing to ADCB over the past five years and has shown a continuous ambition to help develop the products and services that we offer our clients. Amr is an advocate for prudent management to further the Banks success in the UAE and we are proud of his accomplishments and confident that he will perform at the highest level in his new role as Head of Islamic Banking.

Amr Saad Al Menhali, Head of Islamic Banking at ADCB, said: I am delighted to be appointed to this new position and look forward to working with our expert team to enhance the benefits Islamic banking brings to our customers at ADCB. It is a very exciting time for Islamic Banking as investors look for stability across the region.

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