Qiyadi is a training programme meant to identify, develop and hone leadership skills so that the qualified Nationals could successfully head DIB's branches in future. The programme will kick start in mid-September and will run for 18 months. More than 200 UAE Nationals had applied for Qiyadi and were interviewed by DIB's human resources officials on August 15 and 16, 2006.
Mr. Ahmed Al Sirkal, Group Head, Human Resources, DIB welcomed the applicants. He said, "DIB is pleased to see an overwhelming response to Qiyadi. It was a difficult task to select 70 candidates from 200 applications since most of the resumes were compelling enough for Qiyadi."
"These 70 UAE Nationals will undergo intensive practical and theoretical training courses which will train them to handle higher responsibilities such as heading a branch office," he added.
Obaid Al Shamsi, Head of Emiratisation, DIB, said, "The capabilities and potential of UAE Nationals will be identified during the first phase of the programme. This will be followed by intensive theoretical and practical courses that mainly focus on enhancing leadership and management skills."
He concluded, "Trainees will also enjoy unique and special incentives where the bank will offer them job opportunities with good career prospects."
Qiyadi will enable DIB achieve its mission to contribute in the development of UAE's banking sector and aid DIB's exponential growth and expansion programme.
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DIB initiates the evaluating process for the "Qiyadi" qualifiers
- United Arab Emirates: Saturday, August 19 - 2006 at 14:20
- PRESS RELEASE
Dubai Islamic Bank (DIB) today announced that it has started evaluating 70 UAE Nationals for its unique leadership development programme "Qiyadi".
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About DIB:Dubai Islamic Bank (DIB), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices.
DIB is a public joint stock company and its share is quoted on the Dubai Financial Market. The bank enjoys a reputation as a leader and innovator in maintaining 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's recent financial results confirm the strength of its balance sheet and profitability. The bank reported net profit for the year ending 31st December 2005 of AED1.061 billion rising by 130 per cent compared to AED461 million in 2004. The profit for the bank, including depositors' profits, reported a 97 per cent increase for the year ending December 2005 at AED2 billion compared to AED1.017 million for 2004.
The bank has been proactive in creating partnerships and alliances at local and international level. DIB has adapted an aggressive expansion strategy, which started with the establishment of DIB Pakistan Limited, a wholly owned subsidiary of DIB. The bank has also co-managed Pakistan's US$600 million first Sovereign Islamic bond issue that received a tremendous response from investors.
DIB opened its first representative office in Turkey to improve its access to that market. DIB has also acquired 60 per cent of its stake in Al Khartoum Bank and is also among the parents banks of Emirates and Sudan Bank (ESB). The steps taken mark DIB's ambitious plans to roll out its operations into regional and international markets as part of its overall strategic plan.
DIB has also shown its outstanding capabilities by being appointed to provide specialist financial solutions for huge developmental projects including the Dubai Ports, Customs & Free Zone Corporation (PCFC) $3.5 billion Sukuk, the world's largest, and Dubai's Department of Civil Aviation US$1 billion Islamic bond issue. The issue was arranged to raise funding for the second phase of the expansion of Dubai International Airport. The bank also managed financing of US$350 million for Nakheel. The financing made further capital available to build on Nakheel's blue chip portfolio of developments such as The Palm in Dubai.
For further information, please contact:
Tim Harrison / Bakul Gala / Tarek Fleihan
Mobile: 5097631 / 2459547 / 5198511
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556
Posted by Janeta Novakovic, Assistant News EditorSaturday, August 19 - 2006 at 14:20 UAE local time (GMT+4)
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