Top 100 CEOs In The
Middle East 2022
36. Ala'a Eraiqat
Designation: Group CEO
Company: ADCB Group
Country: U.A.E.
Nationality: Emirati
Sector: Banking
Eraiqat joined ADCB in 2004 and assumed his role as Group CEO in 2009. The bank’s assets grew from $111.9 billion in 2020 to $119.9 billion in 2021. In March 2022, ADCB received 37.5% of transferable exit instruments, amounting to a $2.3 billion facility, issued by the new NMC Holding Company following the completion of its debt restructuring process and a successful exit from administration. ADCB recorded $4 billion in revenues in 2021. Eraiqat previously held senior positions at Citibank and Standard Chartered Bank. He is also the chairman of Al Hilal Bank and Abu Dhabi Commercial Properties, and he serves on the board of Abu Dhabi National Hotels. He resigned from ADCB’s Board of Directors in 2021.