The Middle East’s

13. Mustafa Al Khalfawi

Company: Ajman Bank
Designation: CEO
Established: 2007
Headquarters: U.A.E.

In 2024, Ajman Bank signed an MoU with Sharjah Sustainable City to offer sustainability-linked financing options for Phase 2 properties. In May 2025, the bank unveiled a net-zero strategy, aiming for scope 1 and 2 neutrality by 2030 and full net-zero by 2050, alongside committing nearly $1.1 billion towards sustainable finance. In July 2025, it also launched the Pure Home – Green Home Finance Program, followed in August 2025 by the rollout of rEVolution Auto Finance for consumers and Fleet Finance for corporates. Al Khalfawi joined the bank in his current role in 2023.