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CBI appoints new CEO

CBI appoints new CEO
Al Amri has a 20-year experience in financial services
CBI
CBI
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Abu Dhabi – Mubasher: Commercial Bank International (CBI) has appointed Ali Sultan Rakkad Al Amri as new CEO, according to the bank's disclosure to the Abu Dhabi Securities Exchange (ADX) on Tuesday.

Al Amri has a 20-year experience in financial services across corporate banking, corporate finance, financial institutions, and Islamic banking businesses.

In 2000, the new CEO joined CBI; then, he occupied senior leadership positions in other leading international and Islamic banks.

In 2010, he returned to CBI as the Chief Wholesale Banking officer, and he was appointed as acting CEO in 2019.

It is noteworthy to mention that in the first half (H1) of 2020, the bank's net profits plunged by 66% to AED 16 million, compared to AED 46 million in H1-19.