Abu Dhabi Islamic Bank (ADIB) has formally appointed Mohamed Abdelbary as Group Chief Executive Officer with effect from 30 October 2024, the bank disclosed in a filing to the Abu Dhabi Securities Exchange. The confirmation ends a seven-month period during which Abdelbary had been serving in an acting capacity.
Abdelbary assumed the Acting CEO role in March 2024. The bank posted 33% growth in profit before tax in the nine months to September 2024.
FROM CFO TO CHIEF EXECUTIVE
Abdelbary joined ADIB in May 2020 as Group Chief Financial Officer.
ADIB is an Islamic bank based in the United Arab Emirates, offering Sharia-compliant retail and corporate banking products.
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