Ajman, UAE: Sunday, 10 November 2013: Ajman Bank’s Board of Directors announced today the appointment of Mr Mohamed Amiri as the bank’s new Chief Executive Officer with immediate effect. The Board was unanimous in its conviction that, as part of a new generation of executives in the Islamic Banking industry, Mr Mohamed Amiri is the right leader to build on the exceptional strengths of Ajman Bank and lead the team forward.
A UAE National, Mr. Amiri served Ajman Bank in various capacities from October 2010 to April 2013, first as Deputy CEO before being promoted to Acting CEO. He now joins back as CEO with a strong mandate from the Board of Directors. In his distinguished and successful career in financial services, Mr. Amiri has been associated with leading organizations such as Dubai Bank, Dubai Islamic Bank and HSBC Bank Middle East Limited in senior management positions. During the course of his different postings, Mr. Amiri earned high respect for his incisive intellect and ability to balance risk and opportunity while executing his strategy.
Welcoming Mr. Amiri, H.H. Sheikh Ammar bin Humaid Al Nuaimi, Chairman of Ajman Bank, stated, “Mr. Amiri has earned a strong reputation as one of the most respected leaders in the financial services industry. The combination of his vast executive experience and formidable accomplishments as a strategic thinker makes him an outstanding choice to be Ajman Bank’s CEO.Having been associated with us in the past he has a keen understanding of our diverse strengths and competitive advantages as well as extensive growth opportunities”.
Expressing his gratefulness to the Board of Directors, Mr. Amiri said, “I am truly honored to have been trusted with the position of CEO of Ajman Bank, which is a great institution with tremendous resources and opportunities. I look forward in taking up this challenge to capitalize on the bank’s unique strengths to deliver the highest quality of services to our clients and to generate greater returns that our stake holders expect, aiming to execute our key priorities to optimize Ajman Bank’s performance for long-term profitability and success.”
Ajman Bank began its operations in 2008 and is the first Shariah compliant Islamic bank incorporated and headquartered in the Emirate of Ajman. It now operates 11 branches spread across the UAE. The bank provides consumers, corporations, governments and institutions with a broad range of financial products and services, including an array of tailor-made products incorporating Islamic financing techniques.
In a challenging financial environment, Ajman Bank maintained earnings momentum recording a breakthrough performance with record growth rate of 382% in 2012 year end compared to 2011 year end.