Published: October 15, 2008
Dubai Islamic Bank (DIB) has appointed Abdulla Al Hamli as its new chief executive officer. Al Hamli, who previously served as chief of operations and information technology at DIB, has worked at the bank for nine years, following 16 in progressively senior positions at leading public and private-sector organisations in Dubai, including more than a decade and a half as director of information systems at the Dubai Ports Authority and Jebel Ali Free Zone.
Al Hamli currently serves as a member of the board of directors of Deyaar Development.
Khaled Al Kamda, group managing director, DIB, adds: “This appointment comes at a signal moment in the bank’s long-term expansion, as we continue to establish our presence in new markets and consolidate our leadership status here in the UAE. All of us at DIB are determined to build upon this track record to achieve even greater success in the years to come.”
DIB announced in July 2008 that its net profit for the first half of this year reached AED1.303bn, an increase of 47% compared to AED888mn for the corresponding period last year, excluding the gain on transfer of interest in a DIB subsidiary. At the same time, total assets grew to AED91.4bn, up by 21% in the first half of 2008.