Wio Bank, the UAE’s digital-only banking platform, has appointed Mansour AlMulla as its new Chairman. The leadership change arrives as the bank continues to expand its presence across the UAE’s evolving digital banking landscape. AlMulla brings more than 23 years of experience across diverse sectors, including financial services, further reinforcing the bank’s strategic ambitions.
Currently serving as Deputy Group CEO at ADQ, AlMulla’s role at Wio is expected to enhance its governance and growth trajectory. He joins four newly appointed board members, strengthening the institution’s decision-making body at a critical time of transformation.
Announcing his new position, AlMulla stated, “At Wio, our mission is to redefine how individuals and businesses engage with financial services—through innovation and a digital-first mindset. Joining the Board at this important stage is a meaningful step toward advancing the bank’s aspirations for growth, impact, and industry leadership.”
Backed by Leading UAE Institutions
Wio Bank, which launched in 2022, is supported by a powerful consortium of shareholders. These include ADQ, Alpha Dhabi Holding, e& (formerly Etisalat Group), and First Abu Dhabi Bank (FAB). Together, they provide Wio with the institutional support needed to challenge conventional banking and deliver accessible, tech-enabled financial solutions.
Because of this backing, Wio has been able to swiftly build a reputation for customer-centric services and agile financial products. Unlike traditional banks, Wio operates with a purely digital framework, making it a strong contender in the UAE’s competitive fintech ecosystem.
Furthermore, the appointment of experienced board members ensures that the bank remains aligned with the UAE’s national innovation agenda. This is especially relevant as the country continues to prioritise fintech development and digital transformation across sectors.
Poised for Growth in a Competitive Market
Wio’s leadership expansion signals its readiness to scale operations and introduce new offerings tailored to evolving market needs. As consumer demand grows for smarter, faster, and more intuitive banking experiences, Wio is strategically positioned to meet those expectations.
With a refreshed board, strong institutional backing, and a clear focus on innovation, Wio Bank aims to reshape the regional banking landscape. In doing so, it supports the UAE’s wider ambitions to become a global fintech hub.
