UBF Holds Its Annual Ordinary General Assembly Meeting in 2022

Abu Dhabi, UAE – 26 April 2022: UAE Banks Federation (UBF), the representative and unified voice of UAE banks, held today its annual ordinary General Assembly meeting in 2022 virtually. The meeting was chaired by H.E. Abdul-Aziz Al-Ghurair, Chairman of the UAE Banks Federation, and attended by UBF’s Board of Directors and the majority of UBF members, with representatives from the Abu Dhabi Department of Community Development.

 

During the meeting, members approved UBF’s General Assembly meeting minutes from 22 March 2021. They also unanimously approved the 2021’s Audited Financial Statements and External Auditors' Report, absolved the Board of Directors and External Auditors for the year ending 31 December 2021, and appointed an External Auditor for 2022.

 

Moreover, UBF members endorsed the new UBF Board of Directors which will serve for the next three years from May 2022 to April 2025. The elected Board of Directors comprises:

 

1. Mashreq Bank: H.E. Abdul-Aziz Al-Ghurair 

2. RAK Bank: H.E. Mohammad Omran Al Shamsi 

3. First Abu Dhabi Bank: H.E. Sheikh Ahmed Mohammed Sultan Al Dhaheri 

4. Dubai Islamic Bank: H.E. Hamad Mubarak Buamim 

5. National Bank of Fujairah: Dr. Sulaiman Mousa Al Jassim

6. Abu Dhabi Commercial Bank: Mr. Adnan Al Ismail 

7. Commercial Bank of Dubai: Mr. Abdulla Al Turifi 

8. Emirates NBD: Mr. Abdulla Qassim 

9. Abu Dhabi Islamic Bank: Mr. Abdulla Al Ahbabi 

 

Thereafter, attendees approved UBF’s Strategic Objectives and Plans for 2022 along with the required budget.  The approved objectives are intended to elevate UAE banking sector’s standards, with a focus on Emiratization and Consumer Protection, under the clear direction and close oversight of the Central Bank of the UAE.

 

After covering all agenda topics, The Board of Directors of the UAE Banks Federation re-elected H.E. Abdulaziz Al Ghurair as Chairman of the UAE Banks Federation, and H.E Mohammad Omran Al Shamsi as Vice Chairman of the UAE Banks Federation for the upcoming 3 years. Moving forward UAE Banks Federation Chairman H.E. Abdulaziz Al-Ghurair thanked the Central Bank of the UAE, the members of UBF’s Board of Directors, and all UBF member for the significant role they played in 2021 that has led to a substantial increase in customer trust, to reach 87% in 2021 from 63% in 2020 which also showed a remarkable progress in customer trust about the improvement and development of the UAE banking sector to reach 98% in 2021. The Chairman also thanked the Abu Dhabi Department of Community Development.