UAE-based Al Hilal Bank, the Islamic banking subsidiary of Abu Dhabi Commercial Bank (ADCB) Group, has announced the appointment of Jamal Al Awadhi as its new CEO. Al Awadhi will spearhead the bank’s “ambitious growth trajectory” and drive its digital-first strategy.
Al Awadhi initially joined Al Hilal Bank in May 2023 as deputy CEO. Prior to this, he held key leadership positions, including COO at Wio Bank and CEO at Abu Dhabi Media. With this promotion, he succeeds Abdul Shakeel Aidaroos, who stepped down as CEO in December 2023 after five years of service.
Commenting on the appointment, Ala’a Eraiqat, Chairman of Al Hilal Bank, stated that Al Awadhi’s leadership would be “critical to the success of the bank’s digital-first strategy.”
Since its acquisition by the ADCB Group in 2019, Al Hilal Bank has made significant strides in innovation. Key milestones include the launch of UK-based multi-currency banking services through its partnership with Nomo Bank in 2023 and the introduction of instant subscriptions for Sharia-compliant IPOs in collaboration with the Abu Dhabi Securities Exchange (ADX) last year.
In a recent statement, the bank outlined its roadmap for growth, emphasizing a focus on leveraging technology, data, and analytics to enhance products, increase personalization, and improve customer service channels.
Al Awadhi’s appointment marks a pivotal moment as the bank seeks to solidify its position as a leader in Islamic digital banking.S
Source: Fintech Futures (FF)
