National Bonds Corporation announces Mohamed Qasim Al Ali as CEO

January 30, 2008 10:01 am

Al Ali succeeds Nasser Bin Hassan Al-Shaikh who in the role of Vice Chairman will oversee the management of NBC’s growing portfolio of enterprises including National Properties and Madaares PJSC, as well as launching new innovative initiatives. Al Ali moves from being Deputy CEO, a position he has held since May 2007.

Nasser Al-Shaikh commented that after nearly two years of highly successful operations National Bonds Corporation is now moving to another level requiring focused stewardship by a dedicated CEO:

“Our success is well-documented: we now have 325,000 bondholders, our sales have been Dhs1.7bn and our recently announced annual profit rate of 6.03% is higher than any other comparable savings product in the market. In addition, during this time we have distributed monthly prizes totaling Dhs85m. And all of this comes with the benefits of being Shari’a compliant.

“During this short period we have also launched Skycourts, a medium income targeted freehold residential development, National Properties, a full-service real estate company and Madaares PJSC, an initiative aimed at creating a new standard in education.

“We have achieved much and the appointment of Mohamed Qasim Al Ali with his enthusiasm, passion and managerial expertise will drive National Bonds Corporation into the future and help us achieve our ambitious dreams.”

As new CEO Mohamed Qasim Al Ali said he is honoured to have the opportunity to lead the company into the next chapter of what has already been a successful journey:

“We have an established vision to become this nation’s favorite place to save, to be a household name known for innovation. We have come a long way and as a team we are looking forward to an enthralling way ahead,” he said.

Al Ali has developed an exemplary managerial career in the UAE and overseas. A graduate from the Florida Institute of Technology in the United States, Al Ali started his career with Emirates Airlines in 1989 as an Overseas Area Manager, and in 1995 was named as Emirates General Manager for UK and Ireland. He later moved to Dnata, the sister company of Emirates, as Vice President Customer Service and Operations.