April 21, 2019 / 11:57 AM / in 3 months

Owner of Abu Dhabi's Al Hilal Bank appoints chairman and CEO

DUBAI, April 21 (Reuters) - Abu Dhabi Islamic lender Al Hilal Bank said on Sunday its owner, the Abu Dhabi Investment Council, had appointed Alaa Eraiqat as the bank’s chairman.

Eraiqat is currently group chief executive of Abu Dhabi Commercial Bank (ADCB), which is expected to merge with Al Hilal Bank and Union National Bank (UNB) in the first half of 2019.

Eraiqat will serve as chairman at Al Hilal in addition to his current role at ADCB.

The Abu Dhabi Investment Council, a sovereign wealth fund which combined with Abu Dhabi state fund Mubadala last year, also appointed Amr Saad Al Menhali as chief executive of Al Hilal Bank. (Reporting by Hadeel Al Sayegh; Editing by Mark Potter)

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