Ajman, UAE; January 16, 2012: The Board of Directors of ِAjman Bank announced today the appointment of Mr. Mohamed Amiri as Acting CEO. He replaces Mubashar Khokhar, the previous CEO, who has resigned from his position with the bank citing personal reasons as the motivation for his departure.

 

Mr. Amiri, a UAE National, is a seasoned veteran with over 20 years’ experience in the banking industry, where he has held various key positions with both international and local banks.

 

The appointment of Mohamed Amiri as Acting CEO is to ensure the execution of a business plan that can take advantage of present market conditions to grow shareholder value.

 

The Board wished Mohamed Amiri all the best in his task as Acting CEO and expressed its confidence over his ability to lead the Bank with full clarity and transparency, to improve the Bank’s market efficiency and market share and move to the next level.  

 

Mohamed Amiri commented on his appointment saying: “I am very pleased and proud to have been entrusted with this position. We are ambitious to move forward to the next stage, and I am delighted to have the opportunity to lead Ajman Bank towards success and prosperity.”

 

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Ajman Bank is a young, agile Islamic commercial bank built on the values of integrity, trust and transparency. The bank provides a wide range of value-driven banking services in the UAE for individual, business and government clients, all in compliance with Shariah principles. Ajman Bank seeks out the market’s best products, people and technology in order to deliver what customers want, how they want it, delivering real value and recreating that human touch lost in modern banking.

 

Headquartered in Ajman and strongly supported by its government, Ajman Bank is the keystone of the emirate’s economic development strategy and is in a position to benefit from its growth and potential like no other. Ajman Bank is committed to becoming a sustainable organization in its truest sense, balancing care for the community and employees with the business of delivering value to its shareholders and customers.