Hussain Al Qemzi and Noor Bank Win at EMEA Finance Middle East Banking Awards

Dubai-UAE: February 29, 2016: Hussain Al Qemzi, CEO, Noor Bank, collected two awards at the EMEA Finance Middle East Banking Awards 2015 last week.

The CEO of Noor Bank, a leading Shari’a compliant bank in the UAE, received the prestigious ‘CEO of the Year’ award for Noor Bank’s outstanding performance under his leadership over the past year, as well as his successful guidance in transforming Noor Bank as a leading bank in the UAE. He also received the ‘Best Islamic Bank in the U.A.E.’ award which acknowledged the bank’s achievements and performance over the past year. The bank’s core emphasis on innovation was also mentioned as a key factor in the award win.

Speaking about the wins, Hussain said, “I am pleased to accept both of these industry leading awards, which are a testament to the resilient efforts produced by my entire team at the bank. Highlights during the year 2015 include the bank registering strong growth with greater efficiency, as our assets crossed the USD 10 billion mark for the first time.

“We also issued our debut $500 million global Sukuk at 2.788 per cent, one of the lowest pricings paid by any FI issuer in the UAE. As we enter 2016, we remain committed to providing our customers with our modern, progressive and ethical Shari’a Compliant banking services.”

The awards were judged by EMEA Finance’s editorial team of experts, after a thorough analysis of various banks in the region. The awards ceremony, which took place at the Conrad Dubai, hosted several senior bankers from esteemed banks and financial institutions around Europe and the Middle East.

Based in London, the EMEA Finance magazine is a leading financial publication which provides in-depth and analytical reports on the European, Middle Eastern and African markets.