Register | Forgot password?
Switch to Arabic
Sunday, November 22 - 2009

Dubai Islamic Bank opens three new branches in Sharjah and Abu Dhabi

  • United Arab Emirates: Tuesday, November 13 - 2007 at 11:48
  • PRESS RELEASE

Dubai Islamic Bank (DIB) announced today the opening of three new branches in Sharjah and Abu Dhabi, increasing its total UAE-wide branch network to 44.

Article continues below
  • Nasser Al Awadi, Senior Vice President, Head of Branches, DIB.
    Nasser Al Awadi, Senior Vice President, Head of Branches, DIB.
The new branches are located at the Clock Roundabout, Sharjah; Al Mowailih Area, Sharjah; and the Corniche Area in Abu Dhabi.

Nasser Al Awadi, Senior Vice President, Head of Branches, DIB, said:

"We are delighted to announce the opening of DIB's new branches in Sharjah and Abu Dhabi. The opening of these new branches comes in line with our strategy to enhance distribution channels across the country to meet the ever-increasing customer demand for quality Islamic banking products and services."


He continued: "The opening of these branches reflects DIB's proud tradition of providing world-class services to our valued customers across the UAE and the wider region. DIB is planning to launch six more branches this year, which will take our total network to 50 branches across the UAE. The new branches will offer a wide range of services, including current, savings and investment deposit accounts, Murabaha, trade finance and many other products."

Shomais Hassan Shomais has been appointed Branch Manager of the new Abu Dhabi branch in the Corniche Area. He has extensive experience in the industry and has held various positions within DIB. He hold a BA degree in accounting.

Souad Mosbih has been appointed Branch Manager of the new Sharjah branch in Mowailih Area. Mosbih holds a BA degree in banking and finance and has held various positions within DIB.

Nawaf Musa will head the Sharjah branch in the Clock roundabout area. He earlier worked with Emirates International Bank, Abu Dhabi Commercial Bank and Dubai Commercial Bank.
Also consider reading:
Log in to request more information from Dubai Islamic Bank (DIB)

Notes and media contacts

DIB Profile

Dubai Islamic Bank (DIB), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices. The bank recently announced the breaking of another world record by raising $3.52b Sukuk for the Nakheel Group. This Sukuk adopted a first of its kind structure never used before in Islamic or conventional banking history.

As recognition of its leading role in the international arena, DIB has received many awards from international organizations such as the prestigious "Bank of the Year - UAE" award for 2006 by 'The Banker magazine' and accolades from Euromoney. In 2006, DIB received international credit rating by Standard & Poor's and Moody's.

For further information, please contact:
Nicholas Nesson
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3355969
Fax: +971-4-3344556

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions