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01 October 2023

Al Hilal Bank says CEO has not resigned

Abu Dhabi bank mistakenly informed earlier that the CEO Berro had resigned. (File)

By Reuters

Abu Dhabi's government-owned Al Hilal Bank said on Thursday its chief executive had not resigned, correcting an earlier comment from a spokeswoman who said he was leaving.

"Mohamed Jamil Berro still remains in his position and it is business as usual for the bank," a statement from the bank said.

Earlier, the bank's spokeswoman told Reuters that Berro had resigned, with Al Hilal's executive vice president of wholesale banking, Sarie Ahmed Arar, assuming the role of acting CEO.

The bank's spokeswoman mistakenly informed Reuters that Berro had resigned, the statement said without elaborating.