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HomeTourism NewsUAE TourismEDB, ADFD sign MoU to provide new banking, financing solutions

EDB, ADFD sign MoU to provide new banking, financing solutions

Emirates Development Bank and Abu Dhabi Fund for Development after signing the MoU.

Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Fund for Development (ADFD).

As part of this MoU, EDB will provide innovative financing and banking solutions, credit guarantees and joint lending for the beneficiaries of ADFD’s programmes and thus support the economic diversification in Abu Dhabi and the UAE and promote overall sustainable growth and exports.

The agreement was signed by Ahmed Mohammed Al Naqbi, CEO of Emirates Development Bank, and His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development.

The MoU is aligned with the common objectives of both EDB and ADFD, in particular the provision of innovative financing and banking…

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