Dubai Islamic Bank (DIB) has appointed Abdulla Al Hamli as the managing director and a board member for the bank, and Dr Adnan Chilwan as the chief executive officer.

Mohammed Ibrahim Al Shaibani, director-general of The Ruler’s Court of Dubai and chairman of Dubai Islamic Bank, said: “On behalf of the board, I would like to thank Abdulla Al Hamli for his leadership and untiring support in navigating the organisation through the tough and difficult times posed by the global economic downturn in the previous years. I look forward to his continuous support in his new role as the managing director.”

“I am delighted to have Dr Chilwan appointed to lead DIB as the chief executive officer. He is a proven, hands-on leader with commendable pedigree and has consistently delivered outstanding results in his prior assignments,” Al Shaibani added.

The new restructuring is primarily to refocus the bank’s strategy towards an agenda of growth and expansion given the positive local and regional economic outlook, said a statement.

Prior to this appointment Al Hamli has been the CEO of the bank and Dr Chilwan served as the deputy CEO since 2008. - TradeArabia News Service