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Wednesday, November 11 - 2009

DIB assures emiratisation priority within its strategic plans

  • United Arab Emirates: Monday, March 28 - 2005 at 12:26
  • PRESS RELEASE

Dubai Islamic Bank (DIB) organised it first meeting for this year between the senior management and the local employees working at the bank in which they discussed the importance of emiratisation and several issues that concern local workers.

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  • Saad Abdul Razak, Chief Executive Officer - DIB, during the first meeting for DIB's senior management with the bank's national employees.
    Saad Abdul Razak, Chief Executive Officer - DIB, during the first meeting for DIB's senior management with the bank's national employees.
The meeting, which took place at Bustan Rotana Hotel, aims at discussing a number of issues that local employees face at the bank. The meeting included discussions about the work stability, training and career development, emiratisation policy in the bank, communication means between the management and employees, and the awareness of the official concerning emiratisation objectives in DIB.

A number of senior officials participated in the meeting, where Saad Abdul Razak, Chief Executive Officer - DIB, highlighted the importance of the human resources and the development of nationals specialised in the banking sector, which is considered one of the main priorities of Dubai Islamic Bank.

Obaid Al Shamsi, Head of the Emiratisation Committee at DIB, said: "DIB constantly seeks to enhance the channels of communication between the administration and the employees. The bank's administration also ensures to listen to the requirements and suggestions of the local employees the work in the bank to enhance the emiratisation process as the bank's strategic choice."

The approach comes as a result of the unique performance of nationals that work in the bank, where they have proved their ability to meet up with the rapid growth of the bank. Therefore, DIB arranged this meeting to increase its awareness about the needs of local employees and about issues that concern them.

"This initiative comes in accordance with DIB's efforts in investing in their local human capital, where the bank seeks to conduct new innovative career growth and development programmes that are built entirely upon the views and needs of the local employees that work in the bank." added Obaid Al Shamsi.

The bank aims through this meeting to come across new means to augment the employees' performance and assist them to progress in the banking sector. Therefore, the bank will be able to identify the available potentials within local employees and prepare them to carry larger responsibilities. This come as a result of the bank's belief in the importance of emiratisation within the banking industry in the UAE and enhance the bank's role in improving the Islamic banking performance in our society.
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Notes and media contacts

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

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.

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