DIB, the world’s leading Islamic financial group, has announced the appointment of Fadhel Abdulbaqi Al Ali as Chairman of its Board of Directors, effective September 30, 2026.

Al Ali brings over 30 years of experience spanning corporate governance, banking, investment, real estate, and hospitality. He currently serves as Chairman of the Dubai Financial Services Authority and Majid Al Futtaim Capital, sits on the Board of the Commercial International Bank of Egypt, and is a member of the Higher Committee for the Development of the Economic and Financial Sector and the Financial Stability Council. His previous leadership roles include Chief Executive Officer of Dubai Holding and Deputy Chief Executive Officer and Group Chief Operating Officer of First Abu Dhabi Bank.

Al Ali succeeds Mohammed Ibrahim Al-Shaibani, who stepped down as Chairman and Board Member effective September 20, 2026 for personal reasons. 

Strategic leadership

During his tenure, Al-Shaibani provided strategic leadership that supported DIB’s continued growth and transformation. His stewardship contributed to the bank’s progress and the advancement of its long-term priorities. DIB extends its sincere appreciation for his leadership and contribution throughout his tenure and wishes him continued success.

The Board welcomed the appointment of Al Ali and expressed confidence that his extensive leadership experience, strategic perspective and record of institutional stewardship will support DIB as it continues to advance its long-term priorities and strengthen its position as a leading Islamic financial group.

The Board also expressed its sincere appreciation to Al-Shaibani for his distinguished leadership, service and contribution throughout his tenure, recognising the important role his stewardship has played in DIB’s continued progress and evolution.—TradeArabia News Service