Monday 20, November 2017 by Jessica Combes

Tirad Mahmoud resigns from ADIB

The Board of Directors of Abu Dhabi Islamic Bank (ADIB) has accepted the resignation of Tirad Mahmoud from his position as Group Chief Executive Officer of the Bank, after being on medical leave from March 2017.

Khamis Buharoon, ADIB’s Vice Chairman, will continue as acting CEO, a role he has carried out since March.

Commenting on this, HE Jawaan Awaidha Suhail Al Khaili, ADIB’s Chairman, said, “On behalf of ADIB’s Board of Directors and the Bank’s executive management team and workforce, I extend my sincerest appreciation to Mr. Tirad Mahmoud for his invaluable contributions and achievements during his tenure with ADIB. We wish him a full and speedy recovery.”

Mahmoud joined the bank as a CEO in 2008 after spending 25 years in the banking and financial services industry. He was able to successfully grow ADIB from a domestic market player to a leading regional financial institution with a presence in six countries, a customer base of around one million customers, an asset base of more than AED121 billion, and the number one bank in the UAE for customer service.

This year, the bank has continued to grow its customer base, which is approaching one million people. In its most recent quarterly results, ADIB reported a 13 per cent rise in third-quarter net profit.

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