Latest news with #InvestBank
Zawya
02-05-2025
- Business
- Zawya
Sharjah Book Authority, Invest Bank partner to bring financial literacy to children
The Sharjah Book Authority (SBA) has signed a partnership with Invest Bank to produce a children's storybook on financial literacy, as part of its efforts to promote cultural and educational awareness among young readers. The initiative is supported by the Sharjah Publishing Sustainability Fund (Onshur), which champions sustainable publishing in the UAE. The agreement was signed on the sidelines of the 16th Sharjah Children's Reading Festival by Iman Ben Chaibah, Director of Strategic Initiatives at SBA, and Humaida Al Khalsan, Head of Corporate Affairs and Marketing at Invest Bank, in the presence of SBA CEO Ahmed bin Rakkad Al Ameri and Invest Bank CEO Edris Al Rafi. Targeting children aged eight and above, the storybook will introduce key financial concepts in a simplified, engaging format. It is set to launch at the upcoming Sharjah International Book Fair and will be published by a UAE-based publisher who graduated from the Onshur programme. Ahmed bin Rakkad Al Ameri said the initiative aligns with the vision of H.H. Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, to foster human development through books. 'Financial literacy is just as important as reading and general knowledge. Through this collaboration, we present a model that combines culture and economic awareness in a format that resonates with children and families,' he said. Edris Al Rafi added, 'Investing in financial education from an early age is essential for building a more informed society. This partnership allows us to introduce children to financial principles through storytelling, creativity and imagination.' Onshur, launched by SBA under the directives of Sheikha Bodour bint Sultan Al Qasimi, supports emerging publishers through development tracks designed to build a resilient, knowledge-driven publishing ecosystem in Sharjah.
Sharjah 24
23-04-2025
- Business
- Sharjah 24
Invest Bank boosts leadership for transformation, governance
These leadership appointments represent a significant milestone in advancing the bank's reorganisation strategy, enhancing financial governance, and accelerating its digital modernisation journey. Both executives bring extensive experience across financial management, capital markets, and operational excellence, supporting Invest Bank's commitment to building a future-ready, resilient institution. We are reshaping the future of our institution through strong leadership, sound governance, and digital innovation Edris Al Rafi, CEO of Invest Bank, commented: 'At Invest Bank, we are reshaping the future of our institution through strong leadership, sound governance, and digital innovation. The appointments of Mridul Baberwal and Hammad Naqvi bring critical expertise that strengthens our financial foundations, accelerates our transformation journey, and advances our vision of building a more agile, resilient, and customer-focused bank. Their experience will be instrumental as we continue to align with the UAE's dynamic financial landscape and deliver sustainable value to all our stakeholders.' Mridul Baberwal, a qualified Chartered Accountant and a seasoned Finance Professional, brings over two decades of experience of leading financial transformation initiatives, regulatory governance, and operational modernisation across major UAE and Global banking institutions. Prior to joining Invest Bank, he served as Deputy CFO at RAKBANK, where he played a pivotal role in enhancing financial performance, strengthening compliance frameworks, and establishing the region's First Social Finance Framework. Additionally, his experience includes working with international financial institutions like Standard Chartered Bank, Barclays Bank, and Deutsche Bank. Hammad Naqvi joins Invest Bank with more than thirty years of leadership in treasury management, capital markets, and Islamic finance innovation. He most recently served as Senior Executive Vice President and Group Head of Treasury and Capital Markets at Mashreq Bank and was the Chairman of the UAE Banks Federation (UBF) Financial Markets Committee. His extensive experience in driving revenue growth, optimising treasury operations, and delivering strategic financial solutions further strengthens Invest Bank's leadership team. The appointments form part of Invest Bank's broader transformation journey The appointments form part of Invest Bank's broader transformation journey, focused on strengthening financial governance, enhancing operational resilience, and advancing digital banking capabilities. Through its reorganisation strategy and digital modernisation agenda, the Bank aims to build a more agile, customer-centric, and future-ready institution, aligned with the UAE's vision for innovation-driven financial services. Strengthening leadership at a strategic level marks a pivotal step in positioning Invest Bank for long-term, sustainable growth and delivering greater value to its clients and stakeholders.
Zawya
23-04-2025
- Business
- Zawya
Invest Bank strengthens leadership team to accelerate transformation and enhance financial governance
Sharjah, United Arab Emirates — As part of its strategic transformation agenda, Invest Bank today announced the appointment of Mridul Baberwal as Chief Financial Officer and Hammad Naqvi as Head of Treasury. These leadership appointments represent a significant milestone in advancing the bank's reorganization strategy, enhancing financial governance, and accelerating its digital modernization journey. Both executives bring extensive experience across financial management, capital markets, and operational excellence, supporting Invest Bank's commitment to building a future-ready, resilient institution. Edris Al Rafi, CEO of Invest Bank, commented: 'At Invest Bank, we are reshaping the future of our institution through strong leadership, sound governance, and digital innovation. The appointments of Mridul Baberwal and Hammad Naqvi bring critical expertise that strengthens our financial foundations, accelerates our transformation journey, and advances our vision of building a more agile, resilient, and customer-focused bank. Their experience will be instrumental as we continue to align with the UAE's dynamic financial landscape and deliver sustainable value to all our stakeholders.' Mridul Baberwal, a qualified Chartered Accountant and a seasoned Finance Professional, brings over two decades of experience of leading financial transformation initiatives, regulatory governance, and operational modernization across major UAE and Global banking institutions. Prior to joining Invest Bank, he served as Deputy CFO at RAKBANK, where he played a pivotal role in enhancing financial performance, strengthening compliance frameworks, and establishing the region's First Social Finance Framework. Additionally, his experience includes working with international financial institutions like Standard Chartered Bank, Barclays Bank, and Deutsche Bank. Hammad Naqvi joins Invest Bank with more than thirty years of leadership in treasury management, capital markets, and Islamic finance innovation. He most recently served as Senior Executive Vice President and Group Head of Treasury and Capital Markets at Mashreq Bank and was the Chairman of the UAE Banks Federation (UBF) Financial Markets Committee. His extensive experience in driving revenue growth, optimizing treasury operations, and delivering strategic financial solutions further strengthens Invest Bank's leadership team. The appointments form part of Invest Bank's broader transformation journey, focused on strengthening financial governance, enhancing operational resilience, and advancing digital banking capabilities. Through its reorganization strategy and digital modernization agenda, the Bank aims to build a more agile, customer-centric, and future-ready institution, aligned with the UAE's vision for innovation-driven financial services. Strengthening leadership at a strategic level marks a pivotal step in positioning Invest Bank for long-term, sustainable growth and delivering greater value to its clients and stakeholders. About Invest Bank: Founded in 1975, Invest Bank PSC is a leading public shareholding company, headquartered in Sharjah, UAE. With over four decades of significant presence, Invest Bank has established itself as a reputable entity within the UAE's banking sector, committed to delivering exceptional financial services. In 2019, the Government of Sharjah became a strategic partner, reaffirming the bank's position through commercial investment, with its shares publicly traded on the Abu Dhabi Securities Exchange (ADX). Today, Invest Bank offers a wide array of services including retail banking, corporate banking, and investment services.
Al Bawaba
23-04-2025
- Business
- Al Bawaba
Invest Bank Strengthens Leadership Team to Accelerate Transformation and Enhance Financial Governance
As part of its strategic transformation agenda, Invest Bank today announced the appointment of Mridul Baberwal as Chief Financial Officer and Hammad Naqvi as Head of Treasury. These leadership appointments represent a significant milestone in advancing the bank's reorganization strategy, enhancing financial governance, and accelerating its digital modernization journey. Both executives bring extensive experience across financial management, capital markets, and operational excellence, supporting Invest Bank's commitment to building a future-ready, resilient institution. Edris Al Rafi, CEO of Invest Bank, commented: 'At Invest Bank, we are reshaping the future of our institution through strong leadership, sound governance, and digital innovation. The appointments of Mridul Baberwal and Hammad Naqvi bring critical expertise that strengthens our financial foundations, accelerates our transformation journey, and advances our vision of building a more agile, resilient, and customer-focused bank. Their experience will be instrumental as we continue to align with the UAE's dynamic financial landscape and deliver sustainable value to all our stakeholders.' Mridul Baberwal, a qualified Chartered Accountant and a seasoned Finance Professional, brings over two decades of experience of leading financial transformation initiatives, regulatory governance, and operational modernization across major UAE and Global banking institutions. Prior to joining Invest Bank, he served as Deputy CFO at RAKBANK, where he played a pivotal role in enhancing financial performance, strengthening compliance frameworks, and establishing the region's First Social Finance Framework. Additionally, his experience includes working with international financial institutions like Standard Chartered Bank, Barclays Bank, and Deutsche Bank. Hammad Naqvi joins Invest Bank with more than thirty years of leadership in treasury management, capital markets, and Islamic finance innovation. He most recently served as Senior Executive Vice President and Group Head of Treasury and Capital Markets at Mashreq Bank and was the Chairman of the UAE Banks Federation (UBF) Financial Markets Committee. His extensive experience in driving revenue growth, optimizing treasury operations, and delivering strategic financial solutions further strengthens Invest Bank's leadership team. The appointments form part of Invest Bank's broader transformation journey, focused on strengthening financial governance, enhancing operational resilience, and advancing digital banking capabilities. Through its reorganization strategy and digital modernization agenda, the Bank aims to build a more agile, customer-centric, and future-ready institution, aligned with the UAE's vision for innovation-driven financial services. Strengthening leadership at a strategic level marks a pivotal step in positioning Invest Bank for long-term, sustainable growth and delivering greater value to its clients and stakeholders.
Zawya
27-03-2025
- Business
- Zawya
AFESD inks $10mln funding agreement with Invest Bank
KUWAIT - The Arab Fund for Economic and Social Development (AFESD) on Wednesday signed with Invest Bank an agreement for trade funding worth USD 10 million, where the bank will provide a credit fund for supporting flow of commodities and basic services in and outside Jordan and contribute to developing the private sector. ADFESD Director General and Chairman Badr Al-Saad said in press release that diversifying financial products is in harmony with the fund's new strategy to bolster financial sustainability and maintain continuous support for the member States. The Arab fund can create new opportunities to back up local and sharing companies in strengthening the Jordanian banking sector and this is possible through supporting leading banks, namely the Invest Bank. Muntaser Dawas, Chief Executive Officer of Invest Bank said in a statement the this funding would enhance the bank's ability to support the clients and help them in commercial operations, decrease hazards and make use of new international opportunities. Invest Bank is listed in Amman stock exchange and manages 12 growing branches in Jordan. AFESD is a regional financial foundation headquartered in Kuwait. Its operations mainly center on financing public and private investment enterprises. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
