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Wednesday, November 11 - 2009

Performance awards confirms DIB staff as No1 in the wake of record annual results

  • United Arab Emirates: Tuesday, February 01 - 2005 at 16:18
  • PRESS RELEASE

Dubai Islamic Bank (DIB) today announced it had held a ceremony to hand out its 2004 employee awards, following the release of recordbreaking annual figures that revealed the bank's total revenues increased 43 per cent and net profits attributable to shareholders climbed 97 per cent.

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  • H.E Dr. Mohammed Khalfan Bin Kharbash, the UAE Minister of State for Finance and Industry and Chairman of DIB, H.E. Sultan Al Mansouri, Minister of Communication and Vice Chairman of DIB, and Saad Abdul Razak, Deputy Chief Executive Officer at DIB handing out the Performance Excellence Award to Ahmed Al Sarkal, Human Resources Manager, DIB.
    H.E Dr. Mohammed Khalfan Bin Kharbash, the UAE Minister of State for Finance and Industry and Chairman of DIB, H.E. Sultan Al Mansouri, Minister of Communication and Vice Chairman of DIB, and Saad Abdul Razak, Deputy Chief Executive Officer at DIB handing out the Performance Excellence Award to Ahmed Al Sarkal, Human Resources Manager, DIB.
The second year of DIB's Best Performance Awards, was held at the Al Bustan Hotel under the patronage of Chairman H.E Dr. Mohammed Khalfan Bin Kharbash, the UAE Minister of State for Finance and Industry. It was attended by a host of VIPs headed by HE Sultan Saeed Al Mansouri, the Minister of Communications and DIB's Vice Chairman.

Dr Kharbash said the awards were due recognition for the individuals and departments who had made such an outstanding contribution during the year and helped the bank to its impressive results. He said: "In the business world, success is measured by the growth of profits, assets, and the ability of institutions to progress. In DIB, we also believe an essential element in measuring a Corporation's success is its ability to create the right work environment to encourage creativity.

"DIB's 2004 results confirm that we have created such an environment and, as a result, our employees have been able to develop their potential, advance in their careers and boost the bank's performance."

As part of DIB's 2005 development plan, it plans to increase the number of award categories to 14 categories to encourage greater participation, said Al Mansouri, head of the higher committee for the awards.

He added: "The award, launched in 2002 by DIB, contributed to boosting the strategic development plans and efforts initiated by the bank over the past few years. As part of DIB's plans to maintain quality and implement development on all levels, we have reviewed our development plans and decided to create new categories for the award."

Awards were given in the categories of Best Team, Best Project, Best Employee, and the Best Branch. Al Ain branch won the best Large Branch Award; Al Salam branch, Abu Dhabi, the best Medium Branch Award; Wasit branch, Sharjah, the best Small Branch Award.

The best Employee Award was shared between Zohair Al Rabie, Ali Khalil Al Saigh, Shadi Mohammed Al Kayed and Hussain Saleh Al Suwaidi.
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Notes and media contacts

Dubai Islamic Bank (DIB), which was established in 1975 as a publicly owned company, is the first Islamic bank to have incorporated the principles of Islam in all its practices.

The bank now enjoys a reputation as a leader and innovator in its specialist area and is noted for the quality, flexibility and accessibility of its products and services. In a very short space of time it has created market leading services and products that are setting benchmarks for the rest of the sector.

The bank has been proactive in creating partnerships and alliances at local and international level and has shown its outstanding capabilities by being appointed to provide specialist financial solutions for huge developmental projects within the UAE, one of which led to the world record $1 billion Sukuk Al Ijara. The issue was arranged for the Government of Dubai Department of Civil Aviation to raise funding for the second phase of the expansion of Dubai International Airport. The bank also lead managed and arranged $350 million Ijara syndication for Nakheel. The financing made further capital available to build on Nakheel's blue chip portfolio of developments such as The Palm and others in Dubai.

For further information, please contact:
Sameh Hamtini/ Khaled Abdulla
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556

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