Al Suwaidi elected chairman of ADCB.Dubai: AaAbu Dhabi Commercial Bank (ADCB ADCB Abu Dhabi Commercial Bank ) on Sunday announced that chairman Saeed Al Hajiri has stepped down. Its board elected Eisa Al Suwaidi as the new chairman and Mohammad Sultan Al Hameli as vice-chairman. "During Al Hajiri's four-year tenure as chairman, ADCB experienced a broad transformation. Assets have grown by more than 500 per cent and profits have grown by more than 600 per cent," a company statement said. "Return on investment improved from 9 per cent to an average of over 20 per cent. New innovative businesses were added, including joint ventures with Macquarie Bank for infrastructure and treasury products. ADCB is now a leader in the market in these products." ADCB has completed the establishment of Abu Dhabi Commercial Properties (ADCP ADCP Analysis & Data Collection Plan ADCP Acoustic Doppler Current Profiler ADCP Air Defense Communications Platform ADCP Adenosine Deaminase Complexing Protein ADCP Advanced Display Core Processor ADCP Adult Degree Completion Program ) to take over the management of the former Khalifa Committee from the Government of Abu Dhabi. The bank manages 3,500 commercial buildings and 55,000 residential units in Abu Dhabi. The bank's ratio of interest income to fee income has improved from 90/10 to 60/40 in recent years and non-performing loans have been driven down from 19 per cent to a sustained 1.5 per cent reflecting significant improvements in quality of earnings and risk management. ADCB has received many awards in recent years, including the EuroMoney Award for Best Bank in the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. , reflecting its leadership in innovation among banks in the UAE. The International Fin-ance Corporation, a unit of the World Bank, has reviewed the corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. of ADCB and confirmed that the bank is on track to achieve global best practices in corporate governance. Al Nisr Publishing Al Nisr Publishing is a company based in Dubai, UAE. The company is a part of Al Tayer Group. It was established in 1985 by Obaid Humaid Al Tayer, Abdullah Al Rostamani and Juma Al Majid. It employs 1,050 people and has branches in Manilla, Bahrain, Abu Dhabi and Sharjah. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control 2007. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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