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Saturday, November 28 - 2009

ADIB activates its 2009 expansion plan with opening of new branch in Al Ain

  • United Arab Emirates: Sunday, May 17 - 2009 at 12:11
  • PRESS RELEASE

Abu Dhabi Islamic Bank, one of the leading Islamic banks in the region, announced today the opening of a new branch in Al Ain, taking the total number of ADIB branches in the UAE to 45.

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  • Mr. Tirad Mahmoud, Chief Executive of ADIB.
    Mr. Tirad Mahmoud, Chief Executive of ADIB.
The opening of this new branch comes in line with ADIB's expansion plan to open 10 new branches in the UAE in the year 2009 and is in line with its strategy to provide its services across a wide geographical scope within the UAE.

The new branch, located in the Etisalat building in Al Hayer area in Al Ain, will offer customers a large portfolio of Sharia'a compliant products for individuals and businesses.

Mr. Tirad Mahmoud, Chief Executive of ADIB, said:
"The opening of the new branch strongly reflects the growing demand in the UAE for Islamic banking services. It is the first addition to our growing network for 2009 and reflects our ongoing commitment to increase our network in AlAin. To add to that, we are planning to open 10 more branches in the few coming months as a part of our promise to provide full accessibility to our clients."


"The opening of our 9th branch in Al Ain increases our network there and clearly reflects the position of the Bank as an organization greatly committed to its customers," added Mr. Mahmoud.

The Al Hayer branch will be headed by Mr. Saeed Ateeq Al Dhaheri and staffed by a capable UAE National team which reflects the Bank's aim to support and develop their Emirati human resource.
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Notes and media contacts

About ADIB:

Abu Dhabi Islamic Bank (ADIB) was established on 20th May 1997 as a Public Joint Stock Company following the Amiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11th November 1998, and was formally inaugurated by His Highness Sheikh Abdullah Bin Zayed Al Nahyan, on 18th April 1999. The Bank carries out all contracts, operations and transactions in accordance with Islamic Shari'a principles. ADIB's mission is to offer financial solutions for the global community, and its vision is to become a top tier Islamic financial services group.

ADIB prides itself on its values which reflect the Bank's commitment to the Islamic Shari'a, and the guidelines of the Bank's practices adhere to the principles of Islam.

For media information, please contact:

Mohammad Al-Qassem
Senior Account Executive
WEBER SHANDWICK | MENA
Emarat Atrium Building
Wing A, Office 213
Sheikh Zayed Road
PO Box 50197, Dubai, UAE
T +971 4 321 0 077 Ext. 1254
F +971 4 321 1 711

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