ADCorp, the first ADGM (Abu Dhabi Global Market)-based Islamic financial institution, has announced the appointment of Mohammed Al Khaja as the company’s senior executive officer.  

Al Khaja will report directly to ADCorp’s Board of Directors. He will have overall responsibility over the company’s activities, driving the strategy as set out by the board and leading its strategic and operational activities.

Al Khaja brings over 18 years of experience in financial advisory, asset management, wealth management, private banking, compliance and operations, having held senior management positions at Credit Suisse AG-Bahrain and Dubai, Merrill Lynch-Bahrain, and most recently Osool Asset Management in Bahrain.

Jassim Alseddiqi, executive chairman of ADCorp, said: “This is a very exciting time for ADCorp as it enters its next stage of growth. We are delighted to have Mohammed Al Khaja join the team to lead the business through its continued development. Mohammed brings with him strong expertise in the banking sector, gained from well-regarded regional and international institutions, along with strong leadership skills. We are confident that he will significantly contribute to the future growth of the company.”

Al Khaja said: “I am extremely pleased to be joining ADCorp and look forward to working with the Board to drive the business forward in the coming years.  With strong partners, a focused approach and a healthy deal pipeline, there is a wealth of opportunities that will allow us to create value for our shareholders.”

ADCorp has set up offices in Abu Dhabi Global Markets, the region’s newest international financial centre and a strategic location for ADCorp. The company is primarily focused on providing financing to companies that require funding in accordance with Sharia principles. – TradeArabia News Service