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DFSA Regulatory Council Welcomes New Member

The Regulatory Council of the DIFC Financial Services Authority (DFSA) today welcomed the appointment of Mr Abdullah Saleh to the Council.

Mr Saleh has extensive regional and international Financial Services experience, and was one of the founders of the National Bank of Dubai in 1963. He served as its Managing Director from 1982 until his retirement in January of this year, and remains a Member of its Board of Directors. Mr Saleh was also an adviser on financial matters to the Late Ruler of Dubai, HH Sheikh Rashid Bin Said Al Maktoum.

Chairman of the Regulatory Council, Dr Habib Al Mulla, welcomed the appointment of Mr Saleh to the Council.

‘We are delighted that Abdullah Saleh will join the Regulatory Council of the DFSA. His extensive knowledge of banking systems and history in the region adds a vital element of expertise to the Council, which is made up of leading legal and regulatory specialists drawn from across the globe. His many years of experience will provide a valuable perspective to the Council as the DFSA and DIFC become “open for business”. We welcome Mr Saleh and look forward to working with him’.

David King, Acting Chief Executive Officer of the DFSA, said:

‘We are proud to welcome Abdullah Saleh to the Council. Mr Saleh's years of experience will provide a valuable touchstone for the work of the Regulatory Council in overseeing the DFSA and its regulatory development. It is our good fortune that Mr Saleh joins us in time for the Regulatory Council's visit to the IMF and World Bank events in Washington, in October’.

Mr Saleh added:

‘I am delighted to have been invited to become a Member of the DFSA Regulatory Council. Dubai has been a centre of international trade for many years, and has recently grown to become the primary trading hub of the Middle East. It is logical now that it should become the Middle East hub in the field of Financial Services, and I am honoured to be a part of this exciting development’.