Mr Awni Al Alami, Deputy Chief Executive Officer and a founding executive staff member of United Arab Bank (“UAB”) has announced his retirement after 40 years at the Bank.

Mr Al Alami said: “I am proud of the Bank’s development over the past four decades, a journey which has been challenging and ultimately very rewarding. I look forward to seeing UAB’s continued success as it enters the next phase in its evolution.”

Paul Trowbridge, CEO of UAB, said: “On behalf of everyone at UAB, I would like to thank Mr Al Alami for the pivotal role he has had in the Bank’s journey over the last 40 years. He has been instrumental in helping to shape UAB’s strategy and drive its growth, while ensuring the Bank remains true to the traditional values he helped instil right from the start. We wish him all the best in his retirement”.

To succeed Mr Al Alami, UAB has appointed Mr Samer S. Tamimi as the Bank’s new Deputy CEO. Mr Tamimi has served in leadership positions in the banking industry at regional and international institutions, most recently as a divisional head in Global Corporate and Institutional Banking and as a board member. He has 23 years of experience in the financial services sector, demonstrating exceptional success in management and highlighting a results driven personality through wide ranging accomplishments. The appointment of Mr Tamimi ensures that UAB will continue to benefit from a highly experienced Deputy CEO with a proven record of success in the industry.

Mr Trowbridge continued: “I am delighted to welcome Mr Tamimi to the UAB team. Samer is an extremely accomplished banker who has distinguished himself in leadership positions. His skills and expertise are precisely what UAB needs as we enter the Bank’s fifth decade serving customers in the UAE.”

Mr Tamimi, UAB’s incoming Deputy CEO, said: “I am thrilled to take this opportunity to join UAB and be part of its success story. I look forward to applying my knowledge of the industry and the skills I have acquired over the past 23 years to contribute to UAB’s sustainable growth and expand its footprint across the United Arab Emirates”.