Chairman of Skyrise Properties
Board Member, Union of Arab Banks

Mustafa Al Khalfawi, is the Chief Executive Officer of Ajman Bank and Chairman of Skyrise Properties, leading a team of senior executives. He is a renowned figure in the UAE banking landscape and is also a Board Member of the Union of Arab Banks representing the UAE Banking Federation in the organization. With over two decades of deep-rooted experience in the sector, he has carved a special niche for himself through his extensive expertise and visionary leadership.

Prior to his appointment at Ajman Bank, Mustafa was a pivotal figure at First Abu Dhabi Bank (FAB), holding the dual roles of Head of Global Banking UAE and Global Head of Government, Sovereigns & Public Sectors. In these capacities, he led a dynamic team of senior bankers and relationship managers, overseeing a vast array of strategic investment banking clients across various industries. His tenure at FAB was marked by his adept handling of the UAE GREs, Government Sovereign, and extensive conglomerate groups.

Additionally, Mustafa‘s role at FAB extended to being the Chief Executive Officer of the bank‘s ADGM branch, where he was instrumental in aligning the branch‘s offshore operations with FAB’s strategic vision. He also contributed significantly as a Board Member of FAB Islamic and MAGNATI Company, and actively participated in the Wholesale Banking Committee of the Union Banking Federation of the UAE.

Mustafa‘s journey in the banking world began at Al Futtaim Group, followed by a notable period in consumer banking as the regional manager at Emirates NBD‘s Deira Branch, before his transition to FAB in 2008. His career is adorned with numerous accolades and recognitions, reflecting his substantial contributions to the banking sector through various groundbreaking projects and transactions.

In his new role at Ajman Bank, Mustafa is set to usher in a new era of growth and innovation, leveraging his profound industry knowledge, commitment to customer-centricity, and operational excellence. His leadership is poised to steer Ajman Bank towards unprecedented heights in the realm of Sharia-compliant financial solutions and services.

Mustafa holds an Executive Masters in Big Data and Business Analytics from ESCP Business School (Ecole Superieure de Commerce de Paris) as well as a Bachelors in ‘Marketing and Management’ from the Ajman University of Science and Technology (AUST). In addition, he has also completed various prestigious leadership programmes including: Frontiers in Finance from Yale School of Management and Leadership Program in Eras of Disruption from Said Business School, Oxford University.