Mr Saleh has extensive regional and international financial services experience, and was one of the founders of the National Bank of Dubai in 1963. He served as its Managing Director from 1982 until his retirement in January of this year, and remains a member of its Board of Directors. Mr Saleh was also an adviser on financial matters to the Late Ruler of Dubai, HH Sheikh Rashid Bin Said Al Maktoum.
Chairman of the Regulatory Council, Dr Habib Al Mulla, welcomed the appointment of Mr Saleh to the Council.
'We are delighted that Abdullah Saleh will join the Regulatory Council of the DFSA. His extensive knowledge of banking systems and history in the region adds a vital element of expertise to the Council, which is made up of leading legal and regulatory specialists drawn from across the globe. His many years of experience will provide a valuable perspective to the Council as the DFSA and DIFC become "open for business". We welcome Mr Saleh and look forward to working with him'.
David King, Acting Chief Executive Officer of the DFSA, said:
'We are proud to welcome Abdullah Saleh to the Council. Mr Saleh's years of experience will provide a valuable touchstone for the work of the Regulatory Council in overseeing the DFSA and its regulatory development. It is our good fortune that Mr Saleh joins us in time for the Regulatory Council's visit to the IMF and World Bank events in Washington, in October'.
Mr Saleh added:
'I am delighted to have been invited to become a member of the DFSA Regulatory Council. Dubai has been a centre of international trade for many years, and has recently grown to become the primary trading hub of the Middle East. It is logical now that it should become the Middle East hub in the field of financial services, and I am honoured to be a part of this exciting development'.
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DFSA Regulatory Council welcomes new member
- United Arab Emirates: Sunday, September 05 - 2004 at 12:42
- PRESS RELEASE
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The Regulatory Council of the DIFC Financial Services Authority (DFSA) today welcomed the appointment of Mr Abdullah Saleh to the Council.
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Anne-Birte Stensgaard, Senior News EditorSunday, September 05 - 2004 at 12:42 UAE local time (GMT+4)
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This article was updated on Mon Apr 09 2007.
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Dubai International Financial Centre (DIFC). The DIFC has been established as part of the goal to position Dubai as a hub for institutional finance and the regional gateway for capital and investment to the Middle East.
The DIFC Financial Services Authority (DFSA) is the independent regulatory authority of the DIFC, responsible for the regulation of all financial and ancillary services performed in or from the Centre - for example, asset management, banking, securities trading, Islamic finance, reinsurance and an international financial exchange. The DFSA has been created using principle-based legislation modelled closely on that used in London and other major financial centres. Its regulatory regime will operate to standards that meet or exceed those in the world's modern financial centres.
The DFSA Regulatory Council members are:
• Dr Habib Al Mulla (Chairman)
• Michael Blair QC
• Robert Clarke
• Robert Owen
• Abdullah Saleh
• J. Andrew Spindler
• Georg Wittich
• David King (DFSA Acting Chief Executive)
Abdullah Saleh: biography
One of the founders of the National Bank of Dubai in 1963, and its Managing Director from 1982 until his retirement in January 2004, Mr. Saleh remains a member of the Board of Directors. Mr. Saleh is a former Adviser on financial matters to the Late Ruler of Dubai, HH Sheikh Rashid Bin Said Al Maktoum. Mr. Saleh served as an Arbitrator on the Paris-based High Board of the Euro-Arab Arbitration Centre, from 1988 to 2000. He is a Board Member of the Dubai Chamber of Commerce and Industry (DCCI), and a member of the DCCI Arbitration Committee. He has been a Member of the Board of Qatar Fuel Additives Company (QAFAC) since 1990 and has been Chairman of International Octane Limited (IOL) also since 1990. In 1979 he became a founder member of the Board of Dubai Cable Company (DUCAB) and served as a Chairman until 2001 - he continues to serve as a member of the Board of Directors representing the Government of Dubai. He is a Director and major shareholder of Dubai Transport Company LLC (DUTCO) the holding company of the Dutco Group of Companies. He has been Chairman of MARSH-INSCO (insurance brokers) since 1976. He is a Member of the Arab Business Council, established by the World Economic Forum in Davos, Switzerland, in January 1963. He was educated in Sharjah and London, and attended the Institute of Bankers after completing his academic studies.
For further information contact:
Felicity Glennie-Holmes
DFSA Manager, Corporate Communication
Tel: +971 (0)4 319 1810
Mob: +971 (0)50 455 7093
The DIFC Financial Services Authority (DFSA) is the independent regulatory authority of the DIFC, responsible for the regulation of all financial and ancillary services performed in or from the Centre - for example, asset management, banking, securities trading, Islamic finance, reinsurance and an international financial exchange. The DFSA has been created using principle-based legislation modelled closely on that used in London and other major financial centres. Its regulatory regime will operate to standards that meet or exceed those in the world's modern financial centres.
The DFSA Regulatory Council members are:
• Dr Habib Al Mulla (Chairman)
• Michael Blair QC
• Robert Clarke
• Robert Owen
• Abdullah Saleh
• J. Andrew Spindler
• Georg Wittich
• David King (DFSA Acting Chief Executive)
Abdullah Saleh: biography
One of the founders of the National Bank of Dubai in 1963, and its Managing Director from 1982 until his retirement in January 2004, Mr. Saleh remains a member of the Board of Directors. Mr. Saleh is a former Adviser on financial matters to the Late Ruler of Dubai, HH Sheikh Rashid Bin Said Al Maktoum. Mr. Saleh served as an Arbitrator on the Paris-based High Board of the Euro-Arab Arbitration Centre, from 1988 to 2000. He is a Board Member of the Dubai Chamber of Commerce and Industry (DCCI), and a member of the DCCI Arbitration Committee. He has been a Member of the Board of Qatar Fuel Additives Company (QAFAC) since 1990 and has been Chairman of International Octane Limited (IOL) also since 1990. In 1979 he became a founder member of the Board of Dubai Cable Company (DUCAB) and served as a Chairman until 2001 - he continues to serve as a member of the Board of Directors representing the Government of Dubai. He is a Director and major shareholder of Dubai Transport Company LLC (DUTCO) the holding company of the Dutco Group of Companies. He has been Chairman of MARSH-INSCO (insurance brokers) since 1976. He is a Member of the Arab Business Council, established by the World Economic Forum in Davos, Switzerland, in January 1963. He was educated in Sharjah and London, and attended the Institute of Bankers after completing his academic studies.
For further information contact:
Felicity Glennie-Holmes
DFSA Manager, Corporate Communication
Tel: +971 (0)4 319 1810
Mob: +971 (0)50 455 7093
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