Ala’a Eraiqat | Gulf Business

Ala’a Eraiqat

This year marks a decade since Ala’a Eraiqat took up his executive role at ADCB – and 15 years with the company overall. In that time he has proved a steady hand through both good and challenging cycles, with current results suggesting he and the bank are enjoying a purple patch. The first nine months…

This year marks a decade since Ala’a Eraiqat took up his executive role at ADCB – and 15 years with the company overall. In that time he has proved a steady hand through both good and challenging cycles, with current results suggesting he and the bank are enjoying a purple patch. The first nine months of 2018 brought a jump in net profits of 9 per cent to Dhs3.48bn ($948m), with total net income and Islamic financing also 9 per cent up, with operating income up 5 per cent. The lender is also in talks for a three-way merger with Union National Bank and Al Hilal bank, expected to be completed this quarter.

CEO, Abu Dhabi Commercial Bank

Origin:UAE

Residence:UAE

Sector:Finance

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