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In addition, DIB stated that a new Chief Executive Officer will be named shortly.
Khaled Al Kamda, Group Managing Director of DIB, said: 'The investment banking sector is poised for enormous growth, and Millennium Capital, together with Dubai Islamic Bank, will focus on capitalising upon such opportunities.'
He concluded: 'Both institutions will continue to meet the needs of our clients here in the region and globally by providing financial services solutions that set new benchmarks for excellence.'
Aref Kooheji steps down as Chief Executive of Millennium Capital
Dubai Islamic Bank (DIB) announced that Aref A. Kooheji, Chief Executive Officer of Millennium Capital, the investment banking subsidiary of DIB Group, is stepping down from his position to pursue other opportunities.
- United Arab Emirates: Tuesday, November 27 - 2007 at 11:49
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DIB ProfileDubai 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 US$3.52 billion 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 / Tarek Fleihan
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3355969
Fax: +971-4-3344556
Posted by Medilyn Manibo, Assistant News EditorTuesday, November 27 - 2007 at 11:49 UAE local time (GMT+4)
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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 AME Info 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 AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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