Our Board of Directors and managers are committed to complying with the highest ethical corporate governance standards and international best practices.

Chairman

His Highness Sheikh Saleh Bin Mohamed Bin Hamad Al Sharqi

Widely recognised as the driving force behind the commercialisation of the Fujairah's economy, His Highness is also currently Chairman of the Department of Industry & Economy, Government of Fujairah, Fujairah Port Authority, Fujairah Petroleum Company and Fujairah National Group.

Deputy Chairman

His Excellency Easa Saleh Al Gurg, KCVO, CBE

Well regarded as a business pioneer and a community leader, His Excellency served as an Ambassador of the UAE to the court of St. James (UK) and the Republic of Ireland. His Excellency is also the Chairman of Easa Saleh Al Gurg Group, Al Gurg Fosroc LLC, Arabian Explosives Company LLC and Al Gurg Unilever LLC. In addition, His Excellency is also a Board Member at Siemens LLC and Member of the Board of Trustees at the Oxford Centre for Islamic Studies, UK.

Board Members

Sheikh Hamad Bin Saleh Bin Mohamed Al Sharqi

Sheikh Hamad Bin Saleh Bin Mohamed Al Sharqi is Vice Chairman of Fujairah National Group and has been the Chairman of Al Sharq Health Care (the Health Care Group of Fujairah National Group) since 2009.

Mr. Hussain Mirza Al Sayegh

A prominent figure in Dubai community, Mr. Hussain Mirza Al Sayegh currently holds the offices of Deputy Chairman of Oilfields Supply Center and Al Nasr Leisureland, Director of Emirates National Oil Company and Emirates NBD, Marsh Emirates Insurance Brokerage, Mawarid Finance, Chairman of Jotun UAE Limited LLC and Jotun Powder Coatings.

Dr. Sulaiman Mousa Al Jassim

Dr. Sulaiman Mousa Al Jassim’s contributions, especially in the development of the UAE's education sector, are well regarded. He served as the former Vice President of Zayed University and is currently a member of the Board of Directors of Al Fujairah National Insurance Company and Abu Dhabi University. He is also the Chairman of Al Jassim Trading Group and Al Jassim Marble and Tile Factory, Vice Chairman of Sultan Alowais Culture Foundation and AlKhaleej Investment Education Services.

Mr. Saif Sultan Al Salami

An esteemed figure in the Fujairah business world, Mr. Saif Sultan Al Salami iscurrently the Managing Director of Fujairah National Group and Fujairah Investment Company. He is also the Board Member of Al Fujairah National Insurance Company.

Mr. Mohamed Obaid Bin Majed Al Aleeli

A pillar in the Fujairah community, Mr. Mohamed Obaid Bin Majed Al Aleeli is currently the Director General of the Department of Industry & Economy, Government of Fujairah.

Mr. Abdulla Fareed Al Gurg

Mr. Abdulla Fareed Al Gurg is Group General Manager of Easa Saleh Al Gurg Group and a member of the advisory council of the School of Business and Management at the American University of Sharjah. He is also a member of the Board of Directors of the Al Gurg Forsac LLC and  Easa Saleh Al Gurg Charity Foundation, which is at the forefront of several charity initiatives in and outside the UAE.

Remuneration

The remuneration of the Board members consists only of the directors' attendance fee, which is a fixed amount for the year paid annually after the Annual General Meeting. For 2014, the fee was AED 2.75 million, which was charged to the statement of income, and is 0.54% of Net Profit attributed to shareholders of the Bank.

Directors’ Interests in NBF Shares

The table below illustrates the shareholding of NBF's Directors in 2012.

Name (Board of Directors)

Shareholding at 1 Jan 2015

Shareholding at 31 Oct 2015

Change

Sheikh Saleh Bin Mohamed Bin Hamad Al Sharqi

-

-

-

Easa Saleh Al Gurg, KCVO, CBE 

-

-

-

Sheikh Hamad Bin Saleh Bin Mohamed Al Sharqi

-

-

-

Sulaiman Mousa Al Jassim

1,050,896

1,129,713

78,817

Hussain Mirza Al Sayegh

-

-

-

Saif Sultan Al Salami  

-

-

-

Mohamed Obaid Bin Majed Al Aleeli    

267,845

287,933

20,088

Abdulla Fareed Al Gurg

 

 

-

 

The NBF Management Team

Vince Cook, Chief Executive Officer

Adnan Anwar, Chief Financial Officer

Balaji Krishnamurthy, Chief Operations Officer

Prasant Sarkar, Chief Risk Officer

Vikram Pradhan, Head Of Corporate & Institutional Banking

Sharif Mohd. Rafei, Head of Retail Banking and Fujairah Region

Mark Domenic Zanelli, Head of Treasury

Abdulla Aleter, Head of Human Resources

Das P B, Senior Executive Officer - NBF Capital Limited

External Auditors

PricewaterhouseCoopers (PWC) was appointed as the external auditor for the Bank and subsidiaries, by the shareholders, at the Annual General Meeting (AGM) held on 18 March 2015. The fee for external audit work for the audit of the Bank and subsidiaries for the year ended 31 December 2015 was AED 619,479/- (plus out-of-pocket expenses).

In addition, the fee for other services rendered amounted to AED 20,000. All non-audit work is pre-approved by the Board Audit Committee and/or the Board.

PricewaterhouseCoopers,
Emaar Square, Building 4 Level 8
P.O. Box 11987, Dubai, United Arab Emirates
Telephone: 04-3043100
Facsimile: 04-3304100