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

 

About Al Hilal Bank:

Al Hilal Bank was established in June 2008 with an authorized capital of AED 4 billion and is fully owned by the Abu Dhabi Investment Council, the investment arm of the Government of Abu Dhabi. The bank is Shariah compliant and operates through a network of 25 branches strategically located across the United Arab Emirates as well as 3 other branches in major cities of Kazakhstan. Al Hilal Bank aims to become the leading financial institution in the region and is committed to increase the growth of Islamic banking by providing new direction, new technologies and special services.

 

Source: Orient Planet PR and Marketing Communications