THE MIDDLE EAST’S

40. Ala'a Eraiqat

Designation: Group CEO
Company: ADCB Group
Residence: U.A.E.
Nationality: Emirati
Sector: Banking

Eraiqat joined ADCB in 2004 and held various senior positions before assuming his current position in 2009. By the end of Q1 2024, ADCB recorded total assets of $161.9 billion, a 19% increase year-on-year, and operating income of $1.2 billion. In January 2024, ADCB obtained the approval of the Saudi Council of Ministers for a license to operate a banking business in Saudi Arabia. Eraiqat is the chairman of Al Hilal Bank and chairs several subsidiaries and committees of ADCB, including Abu Dhabi Commercial Properties, Abu Dhabi Commercial Engineering Services, the ADCB Management Executive Committee, and the ADCB Management Credit Committee.