Al Hilal Bank announces the appointment of a new board of directors

Abu Dhabi, 23 July 2015 – Al Hilal Bank announced today the appointment of a new board of directors under the Chairmanship of H.E. Mohamed Abdullah Al Rumaithi, and the election of H.E. Mohamed Ali Al Dhaheri as Vice Chairman to the Board of Al Hilal Bank.

During Mr. Al Mazroui’s tenure as Chairman, Al Hilal has grown into a progressive Islamic bank with a total of 25 branches spread across the UAE in addition to three overseas branches in Kazakhstan.

Al Hilal Bank has received many awards in recent years, including 'UAE Deal of the Year' and 'Syndicated Deal of the Year' from Islamic Finance News and the 'Safest Islamic Bank in the UAE' from Global Finance Magazine.

Mr. 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 Mr. Al Mazrouei for his significant achievements as Chairman and welcomed Mr. Al Rumaithi.

Mr. Al Rumaithi, who holds the position of the Undersecretary of Financial & 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.