Al Hilal Bank

Al Hilal Bank launches #child #safety campaign by distributing car seats to new families

Al Hilal Bank has distributed car seats for newborns at Danat Al Emarat Hospital for Women & Children in Abu Dhabi, as part of its new initiative for promoting child safety in the UAE. The Car Seat initiative forms part of the bank’s long-term Corporate Social Responsibility (CSR) programme. Alex Coelho, the CEO of Al Hilal Bank, said the Bank takes CSR very seriously and is proud to play a role in providing support to local families. Mohammed Ali Al Shorafa Al Hammadi, CEO & MD of United Eastern Medical Services (UEMedical) stressed on the importance of such campaigns in the UAE. Government led research found that the majority of parents still do not believe in the importance of car seats. An astonishing 34% saw no necessity to buy them, 28% do not know which seat to buy, while 15% believe that passengers holding children is safe enough. The new programme will be complemented by an extensive car seat awareness campaign on social media and across Al Hilal Bank branches, with the objective of reinforcing the importance of car safety for children.

Abu Dhabi's Al Hilal Bank issues $100million private #sukuk- sources

Abu Dhabi government-owned Al Hilal Bank has raised $100 million through a private placement of sukuk. The issue, led by First Abu Dhabi Bank, has a two-year maturity and offers 90 basis points over three-month London Interbank Offered Rate. The bank issued a privately placed $225 million sukuk in June last year, describing the deal as the first private placement of sukuk by a United Arab Emirates financial institution. That sukuk matures in January 2019, while the new $100 million issue is due on Aug. 14 of the same year. Al Hilal Bank is rated A1 by Moody's and A+ by Fitch Ratings.

#Al #Hilal #Bank appoints new #CEO

Al Hilal Bank announced appointment of Alex Coelho as new chief executive officer.
With more than two decades of experience in the global financial industry, he will be responsible for reinforcing the Al Hilal Bank’s position as a leading Islamic bank in the UAE and Kazakhstan.
In the past, Coelho had leadership roles between the Middle East and New York, and co-led global financial institutions coverage in the US, Canada, Latin America, Asia and Europe, according to a statement.

#ADIB leads $272m #Islamic #financing for #Meydan

Abu Dhabi Islamic Bank (ADIB) is leading a $272m Islamic financing facility for Meydan Group to fund its projects in Dubai. The deal was structured to meet Meydan’s financing objectives, on the back of its ongoing District One Project, a master-planned luxury residential neighborhood in Dubai’s Mohammed Bin Rashid City.
Dubai Islamic Bank and Al Hilal Bank were both mandated lead arrangers for the financing, which matures in December 2018. Tirad Al Mahmoud, CEO of ADIB, said: “[The deal] also evidences the results we are achieving through stepping up our corporate financing activity, with a particular focus on high-growth companies and the real estate sector.” The deal will help utilise financing for the group’s current and future projects including those along the Dubai Water Canal. The funding will also help finance continued investment across all Meydan areas.

MOVES-Abu Dhabi's Al Hilal Bank appoints Craig Bell as CFO

Abu Dhabi government-owned Al Hilal Bank has recently appointed Craig Bell as chief financial officer. Bell previously worked in New Zealand, Britain, Costa Rica, Hong Kong and Saudi Arabia, Al Hilal said. According to his LinkedIn profile, his previous post was chief financial officer at Saudi British Bank.

Al Hilal Bank’s new CIO looks to collaborate with #fintechs

Al Hilal Bank's new CIO Gopi Krishnan is calling on fintech CEOs to get in touch and collaborate. Krishnan moves from another regional bank, Qatar Islamic Bank (QIB), where he was CIO since 2012. Prior to that, he was with BankMuscat International as programme director in charge of transformation, enterprise project management office and group integration. Al Hilal Bank offers Islamic banking services in the retail, corporate, wholesale, treasury and investment segments. Its core operations are underpinned by the T24 banking platform supplied by Temenos.

Al Hilal Bank raises private placement funding $225 Million

Abu Dhabi's Al Hilal Bank acquired $225MM RegS floating rate note Sukuk at 3mL+160bps under its $2.5 billion existing Trust Certificate Issuance Program. This trade marks the return to senior unsecured dollar Sukuk market since 2013 by an Abu Dhabi financial institution. CEO of Al Hilal Bank, Khaled Abdulla Alkhoori, said this was the first Islamic private placement in the UAE. The bank aims to work towards raising funding for medium term to enhance its funding profile.

Abu Dhabi's Al Hilal Bank raises $225 mln in #sukuk placement

Abu Dhabi government-owned Al Hilal Bank has raised $225 million by privately placing Islamic bonds. The issue, maturing in January 2019, was priced at the three-month London interbank offered rate plus 160 basis points. It was the first unsecured U.S. dollar sukuk issue by an Abu Dhabi bank since 2013. CEO Khaled Abdulla Alkhoori said the bank aims to work towards raising funding for the medium term to enhance their funding profile. The issue was the second tranche of the bank's $2.5 billion notes programme. In the first tranche, Al Hilal raised $500 million of five-year debt in 2013.

Dubai Islamic Bank launches UAE Sharia Departments Forum 2016

Dubai Islamic Bank, the largest Islamic bank in the UAE, announced today that it had launched the first UAE Sharia Departments Forum 2016.The event was organized by the Bank, as Founder & Sponsor with the valued participation of other local Islamic banks, to create a platform where the Sharia departments of financial institutions across the country can meet to exchange experiences and share solutions to the challenges they face, with the strategic objective of developing the Islamic financial services sector in the UAE. The opening event took place on April 30, 2016, at The Palace Hotel in Dubai.
As the first event of its kind in the country, the Forum was led by Sharia department at DIB and featured the Sharia departments of other local Islamic banks including Abu Dhabi Islamic Bank ,Emirates Islamic and Al Hilal Bank . 'Sharia Audit' was chosen as the theme of the event this year with a very comprehensive series of panels, each of which was led by one of the participants, discussing a different element of the topic.

Al Hilal Bank appoints Khaled Abdulla Neamat AlKhoori as new CEO

Al Hilal Bank announced the appointment of Khaled Abdulla Neamat AlKhoori as its new Chief Executive Officer. Prior to his appointment at Al Hilal Bank, Khaled AlKhoori held a number of positions at Abu Dhabi Investment Authority (ADIA). At ADIA, Khaled was responsible for managing the firm’s global investment mandate, ensuring a balance between different investment styles, geographies and sectors. He also served as Director of the Private Equity Department for three years, focusing on mega funds and credit investments in the US and European markets. Khaled AlKhoori holds a Summa Cum Laude BSBA degree in Finance and Accounting from Boston University, US, and has completed a General Manager Program from the Harvard Business School in 2005.

Al Hilal Bank in boardroom reshuffle after twin resignations

Al Hilal Bank has reshuffled its board after the abrupt departure of its chairman and chief executive within a week of each other. The Abu Dhabi-based Islamic bank said a new board had been appointed under the chairmanship of Mohamed Abdullah Al Rumaithi, following the resignation of the former chairman Ahmed Ateeq Al Mazrouei on Monday. Mr Mazrouei’s decision to quit came just a week after the resignation of the chief executive Mohamed Jamil Berro. Sarie Asaad Arar, previously the bank’s chief business officer, was appointed last week as the acting chief executive. The bank said both resignations were for “personal reasons”, declining to give details.

Chairman of Abu Dhabi's Al Hilal Bank resigns -sources

The chairman of Abu Dhabi's government-owned Al Hilal Bank has resigned, a week after the chief executive quit. Ahmed Ateeq al-Mazrouei, chairman since 2008, has left for personal reasons. Senior board member Mohamed Abdullah al-Rumaithi has been appointed to succeed him. Last week Al Hilal's chief executive Mohamed Jamil Berro resigned, also citing personal reasons, after seven years with the bank. Al Hilal's profit for 2014 plunged to 90 million dirhams ($24.5 million) from 442 million dirhams in 2013 because of large loan impairments, according to the lender's latest financial statement. The bank's total assets grew to 41.4 billion dirhams from 38.7 billion dirhams.

Al Hilal Bank Group CEO Jamil Berro resigns

Abu Dhabi-headquartered Shariah-compliant lender Al Hilal Bank has announced resignation of Mohamed Jamil Berro as the CEO, a position he has held since the bank’s establishment in 2008. Berro explained that his resignation is due to personal reasons. The bank’s Board of Directors further revealed that Sarie Asaad Arar will be appointed as Acting Group CEO, who currently holds the position of Chief Business Officer at Al Hilal Bank, and possess over 25 years of banking experience in the UAE.

Al Hilal Bank inaugurates new eco-friendly branch in Abu Dhabi’s iconic Masdar City

Al Hilal Bank has on Tuesday, June 2, 2015 inaugurated its new branch in Masdar City, a mixed-use project being developed in Abu Dhabi which is envisioned to emerge as the world’s most sustainable eco-city. Aside from meeting the conventional and Islamic banking needs of the surrounding community, the branch also serves as a hub for students of the nearby Masdar Institute of Science and Technology. The banking facility integrates elements such as a vending machine and wall-mounted touch screens for social media interaction to provide a venue for the Institute’s students and faculty to do research or simply to relax. Al Hilal Bank now has a total of 25 branches spread across the UAE in addition to three overseas branches in Kazakhstan.

CORRECTED-OFFICIAL-Abu Dhabi's Al Hilal Bank says CEO has not resigned

Abu Dhabi's government-owned Al Hilal Bank said on Thursday its chief executive Mohamed Jamil Berro had not resigned, correcting an earlier comment from a spokeswoman who said he was leaving. The CEO still remains in his position and it is business as usual for the bank, according to a statement from the bank. Earlier, the bank's spokeswoman told Reuters that Berro had resigned, with Al Hilal's executive vice president of wholesale banking, Sarie Ahmed Arar, assuming the role of acting CEO. The bank's spokeswoman mistakenly informed Reuters that Berro had resigned, the statement said without elaborating.

Dubai bank lures female borrowers with perfumed Mastercards.

Al Hilal Bank is reportedly partnering with Hind Al Oud perfume manufacturer that specialises in musky Arab scents to create a themed card targeting women. Al Oud will also provide complimentary perfumes alongside the perfumed MasterCard.

Dubai Islamic Bank picks arrangers for potential tier 1 sukuk

Dubai Islamic Bank said on Tuesday it picked eight banks to arrange fixed income investor meetings from Thursday for a potential benchmark size dollar-denominated capital-boosting sukuk issue. These banks, as well as Al Hilal Bank, Emirates NBD, National Bank of Abu Dhabi, Noor Bank, Sharjah Islamic Bank will arrange the roadshows. The meetings will be held in Asia, the Middle East, and Europe and a sukuk transaction which enhances its Tier 1, or core, capital may follow subject to market conditions.

Al Hilal Bank welcomes Governor of Kazakhstan’s Central Bank to Abu Dhabi

Al Hilal Bank recently received Kairat Kelimbetov, the Governor of the National Bank of Kazakhstan at its headquarters in Abu Dhabi. Both parties discussed the key role of Al Hilal Bank as the first and only Islamic bank operating in Kazakhstan. Mohamed Jamil Berro, Al Hilal Bank’s Group CEO, personally welcomed Governor Kelimbetov and briefed the guest on the Islamic products offered by Al Hilal. Kelimbetov noted the role of Al Hilal Bank’s activities in the development of Islamic finance in Kazakhstan, and added that the National Bank of Kazakhstan will continue to support development of Islamic finance in Kazakhstan.

Global Growth Company is a Al Hilal Bank

The Al Hilal Bank was chosen from a diverse pool of GGC candidates this year, representing companies from a cross-section of industry sectors. GGCs currently come from more than 65 countries. The Al Hilal Bank is now part of the ‘New Champions,’ a larger WEF community of pioneers, disruptors and innovators. It will be able to contribute to the Forum’s platform of meetings, projects and knowledge products for pursuing responsible and sustainable growth.

Al Hilal Bank Awaits New Legislation for Islamic Finance

Almaty-based Al Hilal Islamic Bank may expand into neighbouring markets as legislation in the Central Asian countries changes. Islamic finance is gaining popularity in the region, but Al Hilal is currently the only sharia-compliant lender in Kazakhstan. The Abu Dhabi government wholly owns Al Hilal's parent company and according to its chief executive, Prasad Abraham, the bank is considering increasing its geographical presence as part of its 2015 business plan.

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