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Primary objective of setting up the very first community-themed digital bank in UAE was to focus on serving the financial and social needs of the local community as well as businesses, says the Chairman Image Credit:

Dubai: The AI Maryah Community Bank, Abu Dhabi’s digital bank in the making, has set up its first board of directors Tariq Ahmed AI Masaood as Chairman and Omar Abdulla AI Zaabi as Vice-Chairman.

The 11-member board also includes Ahmed Jaber AI Suwaidi, Ahmed Shaiba AI Ameemi, Meera Sultan AI Suwaidi, Khaled Thani AI Romaithi, Omran Mohammed AI Khoori, Younes Fateh Ali AI Khajeh, Saeed Abdulla AI Dhaheri, Abdulla Mohamed Bin Desmal AI Suwaidi and Obaid Hilal AI Kaabi. The new board will bring the “expertise” that will help steer the bank to meet its objective of being the “leading digitalized financial services provider in the UAE, thus supporting the local community, empowering employees, and delivering a competitive shareholders' return”.

"It is a historical moment for the banking industry in the UAE as we formed the board of directors for the first digital bank, especially that we have outlined a strategy of keeping the UAE community in the lead to serve and improve the quality of life,” said AI Masaood.

He said the primary objective of setting up the very first community-themed digital bank in UAE was to focus on serving the financial and social needs of the local community as well as businesses.