ADIB Names Mohamed Abdelbary as Acting Group CEO

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Abu Dhabi Islamic Bank (ADIB) has appointed Mohamed Abdelbary as the acting Group CEO following the resignation of Nasser Al Awadhi from the position due to personal reasons. The decision was made by the Board of Directors on March 5th, 2024.
Abdelbary, who joined ADIB in May 2020 as the group CFO, brings extensive experience to his new role, having previously held various positions at Standard Chartered Bank Middle East, including regional CFO in Africa and the Middle East, Head of Business Finance in the UAE and the Middle East, and Head of the Finance Department. His career spans over 27 years, during which he has worked at international banks such as Citibank and Barclays Bank.
His appointment coincides with a period of strategic expansion for ADIB as it aims to achieve ambitious goals and fulfill its long-term strategy and vision. Abdelbary’s leadership as the group CFO has already led to significant improvements in the bank’s financial position.
Established in 1997, ADIB has emerged as one of the leading banks in the United Arab Emirates, experiencing substantial growth over the past decade with total assets reaching AED 193 billion. This growth underscores the bank’s robust financial position and sustainable development under the strategic direction of its Board of Directors.
ADIB serves over 1.2 million customers through its network of 60 branches and more than 500 ATMs, supported by a world-class digital infrastructure. The bank offers a comprehensive range of retail, corporate, and business banking products and services, including private banking and wealth management services.