The Board of Directors of the Central Bank of the UAE, held its first meeting for 2019 following its restructuring, on 14th January 2019, at the Central Bank Head Office – Abu Dhabi, under the chairmanship of H.E. Hareb Masood Al Darmaki, the Chairman of the Board. The meeting was attended by H.E. Abdulrahman Saleh Al Saleh, Deputy Chairman of the Board and H.E. Mubarak Rashed Al Mansoori, the Governor, and Board members; Their Excellencies Younis Haji Al Khoori, Khaled Mohammed Salem Balama, Khalid Ahmad Al Tayer and Ali Mohammed Al Madawi Al Remeithi, as well as by Their Excellencies Mohamad Ali Bin Zayed Al Falasi, Deputy Governor, Saif Hadef Al Shamsi, Assistant Governor and a group of senior Central Bank staff.

H.E Chairman of the Board opened the meeting by thanking the wise leadership for their trust in the members of the Board of Directors of the Central Bank.

H.E the Chairman also thanked former members of the Board for their faithful service and distinguished efforts during their term of office and wished them success in their future endeavors in service of the nation. H.E the Chairman also welcomed new members, and wished them success in performance of their duties.

H.E the Governor also thanked the wise leadership for their trust in the members of the Board of Directors, thanked former members of the Board, and welcomed new members, wishing them success in their tasks and duties.
 
The Board reviewed the 2017-2021 CBUAE Strategic Plan.

The Board also discussed, and approved the Central Bank’s budget for the financial year 2019.

The Board also discussed the re-formation of the board committees, and took appropriate decision in this regard. 
 
The Board also reviewed the following reports:

-         Internal Audit Department’s Quarterly Report (June 2018).

-         External auditor’s report on the Central Bank’s financial statements as at 30 June 2018.

The Board completed the discussion of the remaining topics listed on its agenda, as well as other topics, and took appropriate decisions.

 

Source: Newgate Communications