Dubai: Commercial Bank International (CBI or “the Bank”), a corporate and retail bank headquartered in Dubai, have signed a Memorandum of Cooperation (MOC) with IESE Business School in Spain.  IESE is one of the world’s leading business schools and its executive education programs are frequently ranked as number one worldwide. The MOC signing reflects CBI’s staunch commitment to supporting the professional development of its Emirati talent.

Ali Sultan Rakkad Al Amri, Chief Executive Officer of CBI; Ahmed Jassim, Head of Human Resources and Giovanni Everduin, Head of Strategy and Innovation, made the journey from the UAE to IESE’s campus in Barcelona to meet with IESE Dean, Prof. Frank Heukamp and his supporting team for the official signing.

Commenting on the signing and the encouraging position CBI has adopted in regard to professional development, Ali Sultan Rakkad Al Amri said “We’re delighted to sign this MOC with IESE. We always strive to support the professional development of our CBI Family and the MOC is testament to this. It also reinforces our commitment to developing Emirati talent in line with our Emiratisation initiatives. We’re proud to be able to partner with IESE and offer our employees the opportunity to further develop their skills with the support of a globally leading institution and the stellar programs they provide. We look forward to a fruitful partnership working together to develop our future leaders.”

Prof. Frank Heukamp, IESE Dean commented “Business leaders play a crucial role as they lead teams and make strategic decisions that not only improve their companies, but also have a positive impact on society. At IESE, we take pride in our responsibility to accompany those leaders along their journeys of professional and personal growth. I thank CBI for their confidence in us and look forward to an exciting collaboration with them as we help shape executives who'll make a purposeful mark on the United Arab Emirates.”

IESE is renowned for its trailblazing approach to leadership development. By signing this international MOC, CBI officially acknowledges IESE’s ability to provide CBI employees with quality training. By aligning with an institution that offers essential training related to business, management and leadership, CBI hopes to further empower its employees and support the development of key competencies that can help accelerate their journey towards leadership.

Prior to the official MOC signing, CBI has worked with IESE in supporting the Bank’s senior Emirati talents to successfully graduate from IESE’s Program for Management Development (PMD).

CBI believes this signing is another positive step forward in what has already been a successful partnership and looks forward to empowering the next generation of CBI leaders.

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About Commercial Bank International (CBI)

CBI is a UAE based corporate and retail Bank, with a growing Islamic banking business. The Bank was incorporated in 1991 in the Emirate of Ras Al Khaimah and is headquartered in Dubai. 

CBI shares are listed on the Abu Dhabi Securities Exchange (ADX) and have BBB+ Stable Outlook rating from Fitch Ratings. CBI is regulated by the Central Bank of the UAE and the Securities and Commodities Authority of the UAE (SCA).

CBI is majority owned by UAE shareholders and Board members are majority UAE nationals.

CBI offers a comprehensive portfolio of banking products, as well as tailor-made financial solutions in corporate, Islamic and retail banking, ranging from lending, trade services, cash management and treasury solutions to personal account services and credit cards.

For further information, please contact: Toufik Osman- toufik.osman@cbi.ae

About IESE Business School

IESE Business School (IESE) is a global provider of life-long learning to professionals in management and leadership. IESE offers a wide range of programs for all stages in a professional’s career evolution, as well as custom programs for companies and organisations that require training solutions made to measure, to cater for their needs.

IESE has campuses in Barcelona, Madrid, Munich, New York, and São Paulo – and offices in a number of countries including Singapore, Tokyo, Hong Kong, Warsaw, Miami.

IESE has been recognised as a top ranked school for MBA and Executive MBA programs for decades and has been ranked number 1 in the world for Executive Education for six consecutive years by The Financial Times.

For further information, please contact: Siamak Rostamian- SRostamian@iese.edu