ADGM & Zand Bank collaborate to support UAE SMEs with innovative banking services

ADGM & Zand Bank collaborate to support UAE SMEs with innovative banking services

Abu Dhabi Global Market (ADGM), the international financial center in Abu Dhabi, and Zand Bank, the UAE’s first all-digital bank licensed by the UAE Central Bank, have signed a Memorandum of Understanding (MoU) to support UAE SMEs and provide preferential banking services.

The agreement will focus on providing preferential banking services including efficient bank account opening for ADGM-licenced entities, including SMEs, virtual assets companies, funds, and corporations.

The collaboration aims to empower the ADGM community and SMEs incorporated in ADGM by offering a curated value proposition for those, including access to SMEsouk, Zand’s digital platform for SMEs.

ADGM and Zand Bank will work together on developing a capacity-building program to improve knowledge exchange between employees and potential clients through educational sessions across sectors and stakeholders, networking, and training.

As per the agreement, ADGM will work together with Zand Bank to drive UAE national work placements and offer tailored finance training programs, SME financing platforms, a Fintech sandbox, and corporate innovation programs.

The ADGM community will be supported by dedicated client managers during the client onboarding and engagement process.

Dhaher Bin Dhaher Al Mheiri

CEO – ADGM “We are pleased to partner with Zand Bank to collaborate on mutually beneficial initiatives and empower ADGM’s community with dedicated banking