Al Hilal Bank announces resignation of Group CEO

UAE, July 15, 2015 - Al Hilal Bank, the progressive Abu Dhabi - headquartered Islamic Bank, has announced the resignation of Mr. Mohamed Jamil Berro as the CEO, a position he has held since the bank’s establishment in 2008. Mr. Berro explained that his resignation is due to personal reasons. The Board of Directors expressed their appreciation for Berro, commending his vital role in raising the bar of the bank’s performance, services and products throughout his tenure.

The bank’s Board of Directors further revealed that Mr. Sarie Asaad Arar will be appointed as Acting Group CEO, who currently holds the position of Chief Business Officer at Al Hilal Bank, and possess over 25 years of banking experience in the UAE