Khalifa fund for enterprise development and Ajman bank sign MoU

Khalifa Fund for Enterprise Development has signed a Memorandum of Understanding (MoU) with Ajman Bank allowing the former to give its financial services to the Emiratis through the latter's branches, which will increase the number of banks providing credit management services to 6 national banks. Abdullah Saeed Al Darmaki, the Chief Executive Officer of Khalifa Fund for Enterprise Development and Mohamed Abdulrahman Ameri the Acting Chief Executive Officer of Ajman Bank signed the MoU. "This MoU allow Khalifa Fund to provide different financial programs under the Islamic Finance in order to provide various options for the different society segments," said Abdullah Al Darmaki the CEO of Khalifa Fund. "This comes as a result of the Fund interest to improve the services and will reflect positively on the financial services given to our applicants through the various choices they have. The Fund is aiming to develop the business environment by providing more of the special services in order to encourage the entrepreneurship and to make its services available in the whole country, and the MoU will be considered active starting from the date of signature while the relation with other commercial banks will stay the same," he added. "Through our partnership with Khalifa Fund we are aiming to participate in the economic growth the country is experiencing now by supporting SMEs which is an essential factor in the economy. Also, we are in Ajman Bank working continuously on supporting SEMs in UAE by trying to find the best solutions and to create a network of branches in the UAE," said Mohamed Amiri the ACEO of Ajman Bank. Khalifa Fund for Enterprise Development is providing its financial services through different commercial and Islamic national banks in the UAE in order to provide a wide range of options to our applicants and to cover the whole country.