Gulf Finance Partners With Al Saada Tas’Heel Center to Expand Distribution Network

Press release

Published September 26th, 2017 - 08:59 GMT

From right to left- Mustafa Kheriba & Ali Saeed Marzouq Rashed AlQubaisi

Gulf Finance, the UAE-based lender, has signed a partnership agreement with Al Saada TAS’HEEL Center to expand its distribution network. The partnership is in line with Gulf Finance’s strategic plans to enhance and extend its platform of products and services outside of the traditional lending landscape.

Al Saada Center is a TAS’HEEL service center located in Capital Mall in Abu Dhabi authorised by the Ministry of Human Resources and Emiratization and other governmental bodies to provide centralised governmental services.

The partnership will see Al Saada TAS’HEEL Center offer its client base Gulf Finance’s Labour Guarantee issuances and E-dirham services.

The partnership was signed by Mustafa Kheriba, Board Member at Gulf Finance, and Ali Saeed Marzouq Rashed AlQubaisi, Chief Executive Officer of Al Saada Center in a ceremony at Gulf Finance’s headquarters in Dubai.

Commenting on this partnership, Mustafa Kheriba said: “Gulf Finance is pleased to join forces with Al Saada TAS’HEEL, and looks forward to establishing similar additional tie-ups with other TAS’HEEL service centers across the United Arab Emirates, as part of its initiative to expand its liability portfolio, through its Labour Guarantee linked deposits offering”.

Gulf Finance has delivered a number of strategic initiatives since appointing a new board in December 2016, with the company returning to profitability this year and laying the foundations for future growth.

Background Information

Gulf Finance House

GFH is a well renowned financial group in the GCC region, with a diversified offering and pioneering track record. Headquartered in Bahrain, GFH’s innovative approach to Islamic investment banking services has been recognised internationally for over a decade. GFH has developed a strong and consistent ability to identify, successfully bring to market and capitalise on a wide range of solid investment opportunities in some of the world’s most dynamic markets and sectors. This approach signifies the Group’s investment insights and commitment to increase the value of its assets, and financial returns to its investors and shareholders.