Al Hilal Bank Appoints Abdul Shakeel Aidaroos as Chief Executive Officer

Press release
Published September 1st, 2019 - 09:31 GMT
Abdul Shakeel
Abdul Shakeel
Al Hilal Bank’s Board of Directors has appointed Abdul Shakeel Aidaroos as the Bank’s new Chief Executive Officer.

Al Hilal Bank’s Board of Directors has appointed Abdul Shakeel Aidaroos as the Bank’s new Chief Executive Officer. Abdul Shakeel replaces Amr Al Menhali, who has been announced as the incoming CEO of Waha Capital.

Al Hilal Bank, which was acquired by the ADCB Group following the merger between Abu Dhabi Commercial Bank (ADCB) and Union National Bank in May 2019, has embarked on a transformation strategy focused on delivering Shari’ah-compliant retail banking services through digital channels.

Abdul Shakeel brings over 25 years of banking industry experience, with deep expertise in retail banking, digital innovation and risk management. He has held senior positions at ADCB for 15 years, including the last 5 years as Head of Retail Banking, where he managed a team of 2,000 professionals and launched many of ADCB’s award-winning consumer products and digital banking channels. Prior to joining ADCB, he spent over 10 years with Citibank in the UAE, and has a Master’s degree in Risk Management from NYU Stern School of Business.

Ala'a Eraiqat, Chairman of Al Hilal Bank, said: “Abdul Shakeel brings significant retail banking experience as he joins Al Hilal Bank at an exciting moment. He will lead the Bank through an ambitious digital transformation to become a prominent player in contemporary Islamic banking. The Bank is investing significantly in new technology and digital capabilities to enhance the customer experience in a fast changing consumer environment. I am extremely proud and thankful for Amr Al Menhali’s contribution over 14 years to the accomplishments of ADCB Group, and wish him equal success in the future.”

Abdul Shakeel Aidaroos, CEO of Al Hilal Bank said: “I would like to thank the Board of Directors for their support. I am delighted to take the helm as Al Hilal Bank continues its journey as part of the wider ADCB Group. We are building a strong, modern financial institution that delivers high quality service to our customers and makes a positive contribution to the UAE’s economic future.”

Background Information

Al Hilal Bank

Al Hilal Bank is owned in full by the Abu Dhabi Investment Council, which is the investment authority of the Government of Abu Dhabi. The bank is working with an authorized capital of 4 billion Dirhams, and is authorized to operate as an Islamic trading bank. Al Hilal Bank aims to become the leading financial institution in the region and to increase the growth of Islamic banking with a new direction, towards new technologies and special services.

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