Abu Dhabi Islamic Bank has announced the appointment of Mohamed Abdelbary as Group Chief Executive Officer, following approval from the company’s board.

Abdelbary assumes the role immediately, having served as acting CEO since March 2024. He joined the bank in May 2020 as Group Chief Financial Officer and has played a pivotal role in shaping the bank’s financial strategy. “He successfully led the bank’s growth strategy and achieved strong financial performance, with net profit before tax growing 33 percent in the first nine months of 2024,” the bank stated in the official announcement.

In his new role, Abdelbary brings nearly three decades of industry experience, having held key positions in leading financial institutions. Previously, he served at Standard Chartered Bank in key roles, including Regional CFO for Africa & the Middle East and UAE, and Regional Head of Business Finance, UAE & MENAP. He also held roles at Barclays Bank as International Financial Controller, Citibank as Country Chief Financial Officer, and Arab African International Bank as Financial Analyst.

Welcoming Abdelbary in his new role, H.E. Jawaan Awaidha Suhail Al Khaili, Chairman of ADIB, said, "The Board is pleased to appoint Mohamed Abdelbary as the ADIB Group Chief Executive. He is a seasoned banker with a wealth of experience and a strong commitment to delivering value to customers, shareholders, and staff. Under his leadership, ADIB has achieved strong financial performance, creating value for our shareholders and customers through innovative financial services. He will now lead ADIB through our next stage of expansion under our 2035 vision.”

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Abdelbary also expressed, “I am deeply honoured by the trust placed in me by the board of directors to lead this great institution at a time when the bank is gaining strong momentum and setting out to deliver its 2035 growth strategy. Working together with our talented team, I look forward to continuing our growth trajectory by providing our customers with an unmatched experience, enhancing shareholder value, and seizing all available market opportunities, leveraging ADIB’s unique advantage as a well-established bank with exceptional brand recognition and a strong presence in both retail and corporate banking.”