Ajman Bank has signed a Memorandum of Understanding (MoU) with Abu Dhabi Global Market (ADGM), one of the world’s largest international financial centers in the capital of UAE, to support the growth needs of its global financial community.
Industry sources added that this announcement was made during the Abu Dhabi Finance Week (ADFW) and was hosted by ADGM. This event was a week-long and it serves as a platform for in-depth conversations around the MENA region’s financial sector, industry trends, developments, and innovation involving financial markets and global banking.
Industry sources added further that this MoU builds upon a formal framework for cooperation and assistance between the two entities, with a focus on boosting the partnership in areas like education and training, business development, co-hosting Digital Lab, building awareness and conducting research pertaining to financial services, banking, and fintech-related initiatives.
Industry sources added that under the terms of the MoU, Ajman Bank will offer ADGM registered and licensed entities with dedicated client managers, preferential Shari’a compliant banking services, and curated value propositions which comprises access to SMEsouk, Ajman Bank’s digital platform for small and medium-sized enterprises (SMEs).
Mr. Mustafa Mohammed Saeed Al Khalfawi, the CEO of Ajman Bank, stated, “We are delighted to partner with ADGM, the leading international financial centre in the UAE. This MoU is a pivotal step for us and seamlessly aligns with Abu Dhabi’s economic vision and its thriving financial sector. ADGM is one of the largest and fastest-growing financial districts in the region and through our strategic initiatives, we aim to contribute to the success of its attractive investment environment.”
He added “By combining our efforts, we will not only be offering tailored financial solutions but also fostering an ecosystem that is conducive to knowledge sharing and innovation in the financial sector. We look forward to working closely with ADGM to achieve our shared goals.”
Mr. Salem Mohammed Al Darei, CEO of ADGM Authority, stated, “We are pleased to welcome Ajman Bank as our newest partner. This MoU is a significant step forward in our efforts to promote collaboration between Abu Dhabi Global Market and Ajman Bank. We are confident that this partnership will contribute to providing more advanced banking services to all companies operating within the comprehensive and dynamic ecosystem of Abu Dhabi Global Market.”
Also, Read: – More on Ajman Bank and ADGM
