Dubai
Bank
Dubai
Bank was launched on 23 Sep
2002, by its Chairman Sheikh
Hamdan bin Mohammed Al Maktoum,
at a function also attended
by Mohammed Ali Alabbar, chairman
of Emaar Properties, and Ahmed
bin Brek, the chief executive
of the bank.
The
bank is a resurrection of an
old bank called the Emirates
Al Ahli Bank Ltd, which was
established under a decree issued
in April 1977 by the Late Sheikh
Rashid bin Saeed Al Maktoum.
The bank, capitalised at Dh300
million, is a fully-owned banking
subsidiary of the real estate
major Emaar Properties.
At
the heart of he bank's new IT-driven
service offerings is the introduction
of paperless account opening
for the bank's customers and
instant fulfillment of key banking
services. According to the Ministry
of Economy and Commerce, the
new bank will be based in Dubai
city but is authorised to open
branches in other emirates or
outside the UAE.
One
of the service which Dubai Bank
offers is The Children's Plan
Investment.
