UAE-primarily based United Arab Bank (UAB) has announced the appointment of Ahmad Mohammad Abu Eideh as its new CEO.

The appointment, efficient from March 10, comes as portion of the bank’s efforts to create its solutions and deliver much more rewards to its consumers, as properly as attaining sustainable income for its shareholders, a statement stated.

It added that Abu Eideh previously held the position of CEO at Regular Chartered Bank Middle East (Jordan, Egypt, Iraq and Lebanon).

He stated that the trust that UAB’s board have placed in his capabilities only increases his determination to accomplish the bank’s vision of enhancing its worth, and to meet the expectations of the bank’s shareholders and consumers.

Abu Eideh has much more than 27 years of knowledge in the field of banking and finance, 15 of which had been spent in the UAE.

For the duration of his profession, he has held a quantity of senior positions in top economic institutions in the UAE and other nations in the area.

Sheikh Faisal bin Salem Al Qassimi, chairman of United Arab Bank, stated: “We are confident that Ahmad Mohammad Abu Eideh will contribute, by way of his sensible knowledge and his record of achievements in the field of banking and finance each regionally and globally, in building the bank’s operations and enhancing the top quality of its programmes, merchandise, solutions and options, which aid to deliver comfort for its consumers as properly as to sustainably market and foster additional achievement, development, and prosperity.”

Final year, United Arab Bank denied media reports suggesting that it is conducting talks with Invest Bank and Bank of Sharjah more than a 3-way merger.

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