The UAE Banks Federation (UBF) on Tuesday announced that its members have endorsed the new UBF board of directors in the annual general assembly meeting held on Monday.
The new board will serve for the coming three years starting from May 2019 until April 2022, UBF said in a statement.
The board comprises CEO of Mashreq Bank Abdul Aziz Abdulla Al Ghurair as the chairman and Khalifa Al Suwaidi, vice chairman of First Abu Dhabi Bank (FAB), will serve as the UBF vice chairman, among others.
“We look forward to a new chapter as we build on our success, and continue to work towards creating innovative solutions that address prevailing market challenges and enhance the banking sector across the UAE,” Al Ghurair commented.
It is worth noting that the UBF was established in 1982, and its body comprises 52-member banks operating in the UAE.