Ajman Bank appoints Mohamed Amiri as Acting CEO

The Board of Directors of Ajman Bank announced the appointment of Mr. Mohamed Amiri as Acting CEO. He replaces Mubashar Khokhar, the previous CEO, who has resigned from his position with the bank citing personal reasons as the motivation for his departure. Mr. Amiri, a UAE National, is a seasoned veteran with over 20 years' experience in the banking industry, where he has held various key positions with both international and local banks. The appointment of Mohamed Amiri as Acting CEO is to ensure the execution of a business plan that can take advantage of present market conditions to grow shareholder value. The Board wished Mohamed Amiri all the best in his task as Acting CEO and expressed its confidence over his ability to lead the Bank with full clarity and transparency, to improve the Bank's market efficiency and market share and move to the next level. Mohamed Amiri commented on his appointment saying: "I am very pleased and proud to have been entrusted with this position. We are ambitious to move forward to the next stage, and I am delighted to have the opportunity to lead Ajman Bank towards success and prosperity."