Ajman Bank, one of the UAE’s leading Shariah-compliant financial institutions, has signed a Memorandum of Understanding (MoU) with Emirates Driving Company (EDC) (ADX: DRIVE), a subsidiary of Multiply Group PJSC, to finance a portion of EDC’s acquisition of a 22.5% stake in Mwasalat Holdings LLC, with an option to increase its shareholding to 50.6%. The partnership marks a significant milestone in EDC’s long-term growth strategy and underscores Ajman Bank’s role in supporting strategic national projects that drive innovation, enhance financial inclusion, and contribute to the UAE’s sustainable economic growth. Mr ...