In a significant development, the Board of Directors of United Arab Bank (UAB) has unanimously elected Sheikh Mohammed bin Faisal bin Sultan Al Qassimi as the Chairman of the Bank. Sheikh Mohammed succeeds Sheikh Faisal bin Sultan bin Salem Al Qassimi, who led the bank’s Board of Directors for nearly fifty years.
The appointment of Sheikh Mohammed bin Faisal bin Sultan Al Qassimi reflects UAB’s commitment to innovation and growth in response to the evolving landscape of the banking industry. It signifies the bank’s dedication to embarking on another successful era while maintaining its relentless pursuit of progress.
Expressing gratitude to the Board for their confidence in him, Sheikh Mohammed bin Faisal bin Sultan Al Qassimi remarked, “I would like to start by extending my sincere appreciation and thanks to Sheikh Faisal bin Sultan bin Salem Al Qassimi, who has led the bank for nearly fifty years, for being the driving force behind the bank’s prosperity through his inspiring and effective leadership.”
He further stated, “Over the past years, United Arab Bank has made extensive progress, with the board members and management team working diligently and with determination to ensure that the bank maintained its leadership position in the banking sector. Moving forward, we will also continue our investment in talent and modern technology, as well as our constant commitment to providing the best banking services to our customers.”
Sheikh Mohammed bin Faisal bin Sultan Al Qassimi brings with him over 30 years of eminent experience across various industries, including finance, banking, real estate, tourism, and retail. He boasts a diversified portfolio of achievements, having surpassed strategic goals throughout his career. Notably, he has been a member of UAB’s board of directors since 2011.
Apart from his role at UAB, Sheikh Mohammed holds several positions on the boards of private companies and serves as the Chairman of “MANAFA LLC.”
The appointment of Sheikh Mohammed bin Faisal bin Sultan Al Qassimi underscores UAB’s commitment to continuity and excellence, ensuring the bank remains at the forefront of the banking sector, poised for continued success in the years ahead.