INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Aafaq Islamic Finance picks new CEO

The company has appointed Hisham Hammoud to the post. (Supplied)
  • Hisham Hammoud is considered one of the pioneers in the banking and financial sectors
  • He has more than 25 years of experience in the fields of banking and Islamic banking

Dubai-based financial services and Islamic finance solutions firm Aafaq Islamic Finance (AIF) has appointed a new CEO, the company has announced.

The Board of Directors of the company has made the announcement of the appointment of Hisham Hammoud as CEO of the company.

Hammoud’s duties in his new position include the responsibility of contributing to the leadership of Aafaq Islamic Finance towards developing its strategy in line with the next phase, the company has said in a statement.

It added that Hammoud is considered one of the pioneers in the banking and financial sectors.

He is said to have more than 25 years of experience in the fields of banking and Islamic banking.

The company also said that Hammoud, during his career, has held a number of senior management and leadership positions in several International and local banks and financial institutions.