First Abu Dhabi Bank

The Mohammed Bin Rashid Fund (MBRF) of Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, and First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, have formed a partnership to launch a new receivable financing programme for Emirati- owned SMEs in Dubai. The memorandum of understanding was signed at FAB’s Sheikh Zayed branch in Dubai, by H.E. Abdul Basit Al Janahi, CEO of Dubai SME, and Hana Al Rostamani, Group Head ...