Dubai Islamic Bank (DIB) today announced the appointment of Abdulla Al Hamli as its new chief executive officer. Mr Hamli, who is a member of the board of directors of Deyaar, was previously the bank's chief of operations and information technology, bank said in a statement. "(Hamli) will also continue to enhance DIB's already strong corporate governance standards, ensuring that they are clear, consistent and fully in line with international best practice," the bank's chairman, Mohammed al Shaibani said.
DIB, and its affiliate Deyaar, are two of a number of companies which have come under investigation into alleged financial irregularities in recent months by Dubai police. DIB's long-term organic growth and geographical expansion strategy "remains entirely on track" despite challenges facing the global economy, financial services sector and capital markets, Mr Shaibani said. Mr Hamli replaces Saad Abdul Razak, who stepped down as chief executive of the bank late last year. *Reuters
