The Middle East’s

15. Mustafa Al Khalfawi

Designation: CEO
Company: Ajman Bank
Established: 2007
Country: UAE
Category: Banking

In 2025, Ajman Bank committed to mobilizing around $1.1 billion in sustainable finance by 2030, achieving 50% of the target within 16 months of its announcement. It also introduced the Green Path Savings Account, rEVolution (green auto finance), and Pure Homes (green home finance and solar upgrades), alongside sustainable financing solutions for SMEs, entrepreneurs, and corporate customers. The bank reduced its GHG emissions by 6.1% compared to 2024, and electricity consumption by 16%. Al Khalfawi assumed his current position in 2023 and subsequently established the bank’s first ESG strategy and inaugural sustainable finance framework.