EDB records AED326m in loan approvals since 2021 driving sector growth

EDB records AED326m in loan approvals since 2021 driving sector growth

DUBAI / WAM Emirates Development Bank (EDB), the key financial engine for economic development and industrial advancement in the UAE, affirmed its commitment to advancing the healthcare sector through innovative financing solutions at the Arab Health exhibition 2024, the globally renowned healthcare expo held in Dubai from January 29 until February 1. EDB has approved ...

DUBAI / WAM

Emirates Development Bank (EDB), the key financial engine for economic development and industrial advancement in the UAE, affirmed its commitment to advancing the healthcare sector through innovative financing solutions at the Arab Health exhibition 2024, the globally renowned healthcare expo held in Dubai from January 29 until February 1.

EDB has approved a total of AED326 million in loans for the healthcare sector since the launch of the bank’s strategy in 2021. Healthcare is one of the priority sectors that EDB targets with its range of flexible financial and non-financial solutions due to its development and deployment of advanced technology, its contribution to non-oil GDP and its importance to social and economic development.

Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank, commented on the significance of the event, “Healthcare is one of the UAE’s most critical priority sectors, both in terms of