The Board of Directors of the Industrial Development Bank (IDB) announced the election of H.E. Mr. Samir Z. Al-Rifa’i as the Bank’s Chairman after Mr. Mufleh Aqel submitted his resignation on Thursday, 7th of May 2009. The Board thanked Mr. Aqel for his valuable contributions to the Bank throughout the previous 9 years during which he was Chairman and helped the Bank achieve various successes.

Al-Rifa’i brings to the table extensive managerial experience in investment in the private sector on the local and regional levels, and will be contributing towards building upon the Bank’s accomplishments, developing its operations and transforming it into an Islamic banking institution following international standards and offering a comprehensive package of Shariah-compliant services to the Jordanian market under the name of Jordan Dubai Islamic Bank.