ADIB becomes the first bank to join the UAE International Investors Council25 Jun 2018
ADIB becomes the first bank to join the UAE International Investors Council
Abu Dhabi, June 24, 2018: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has joined the UAE International Investors Council, making it the first bank in the UAE to become a member in the council. This comes following an approval from board of directors of The UAEIIC, headed by H.E Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy.
Through this membership, ADIB will join government decision makers, locally and internationally, with the support of the UAE’s Minster of Economy, to help remove obstacles, strengthen foreign investment relations and support sustainable economic development.
Commenting on the membership, H.E Khamis Buharoon, Vice Chairman and Acting CEO at ADIB, said: “We are proud to be the first bank to join the UAE’s Investors Council. We are also committed to the development of Emirati investments, which are critical to economic diversification and the UAE’s global economic competitiveness. Important measure have already been taken to secure support and protection and to overcome any challenges faced by Emirati investors abroad, and we look forward to play an instrumental role in building on these efforts.”
Abu Harun added The establishment of the UAE International Investors Council forms part of broader efforts to advance economic diversification policies that complement the expansion and growth of the UAE’s private sector as well as create a favourable environment that supports national companies investing abroad. The Council provides a vital link between investors interested in promising opportunities available in countries with close ties to the UAE and governmental and semi-governmental entities to streamline the investment process. It also serves as a pillar for ensuring the protection of UAE capital abroad through advice, guidance, and logistic support.
H.E. Jamal Saif al-Jarwan, secretary general of the UAE International Investors Council, said, we have the honour to join Abu Dhabi Islamic Bank as an active member of council, which contributes to enhancing the role of the Council's working environment to support the state's economic development and to keep pace with developments in The economic, investment and banking sectors in general, since the measure of success depended not only on financial results but also on how it dealt with the needs changing markets, innovative and sophisticated solutions that keep pace with rapid global changes and shifts in those sectors.
He pointed out that the Emirati investment abroad plays a vital role in more than 70 countries in the world and has a great impact on the soft and reputed power the kindness of our young state in the world, what is a great achievement and a strong demonstration of the path of investment by the Emirati investors Out in the right direction, and has demonstrated its extraordinary ability to keep abreast of developments in a way that reverses all efforts between the public and private sectors and to enhance the reputation of the emirate's investments abroad.
The two cubs also thanked and congratulated the Board of Directors of Abu Dhabi Islamic Bank and all its employees for the award of the "Best Islamic Bank in the World" This award is only an affirmation of the innovation, strength and leadership of Abu Dhabi Islamic Bank and its competitiveness in the area of banking services compatible with Islamic law the bank's record of excellence is impressive.
ADIB is a leading bank in the UAE with more than AED 125 billion in assets. Its 1 million customers benefit from the third largest distribution network in the UAE with 80 branches and more than 710 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 40 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 Bank in the UAE” 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.