Gulf Business

Ala’a Eraiqat

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Group CEO, ADCB

ADCB reported a 38 per cent increase in net profit to Dh5.247bn for the 2021 financial year. But for Eraiqat who also is the chairman of Al Hilal Bank, growth goes beyond the bottom line. In what would be a significan­t milestone for ADCB – a bank that he became CEO of in 2009 – it received an upgrade in its MSCI ESG rating to ‘AA’ from ‘A’ in August last year due to its efforts to support small businesses, besides its work around customer data protection.

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