Al Hilal Bank has appointed a new board of directors under the chairmanship of Mohamed Abdullah Al Rumaithi.

Mohamed Ali Al Dhaheri has been elected as the vice chairman to the board, said a statement.

During Ahmed Ateeq Al Mazrouei’s tenure as chairman, Al Hilal grew into a progressive Islamic bank with a total of 25 branches spread across the UAE in addition to three overseas branches in Kazakhstan, it said.

Al Rumaithi commented that as Al Hilal embarks on its next phase of growth, and with the full support of the shareholder, the Abu Dhabi Investment Council, the long-term prospects for the Bank are positive and well positioned to benefit from the economic growth and prosperity of the UAE.

The bank's new chairman, board and senior management expressed their thanks to Al Mazrouei for his significant achievements as chairman, said the statement.

Al Rumaithi, who holds the position of the Undersecretary of Financial and Procurement Affairs at the UAE Ministry of Presidential Affairs and deputy chairman of the Higher Committee of the Nationals' Defaulted Debts Settlement Fund, is a highly experienced board director, and brings significant experience to the bank, it added. - TradeArabia News Service