Khalifa Fund signs an MoU with AlMaryah Community Bank

Khalifa Fund signs an MoU with AlMaryah Community Bank

Abu Dhabi, United Arab Emirates: Khalifa Fund for Enterprise Development has signed a Memorandum of Understanding with AlMaryah Community Bank. The respective bank is a digital financial platform which will provide exclusive benefits to Khalifa Fund members. The partnership aims to support Khalifa Fund entrepreneurs by offering them access to tailor-made, convenient and secure banking and financial services, helping them grow and manage their financials more efficiently.

H.E. Alia Al Mazrouei, CEO of Khalifa Fund for Enterprise Development stated: "Khalifa Fund continues to explore new partnership opportunities that offer cutting-edge technologies and digital tools which empower the SMEs in the UAE to run their operations successfully.

We are excited to partner with Al Maryah Community Bank. As leading providers of digital banking solutions, they will provide our members with digital banking solutions and explore financing opportunities to support their growth and improve the efficiency and security of financial transactions. Through this collaboration, we aim to support the growth of SMEs and the advancement of the entrepreneurial ecosystem in the UAE".

Under the agreement, Al Maryah Community Bank will provide financing to eligible SMEs supported by the Khalifa Fund through a credit guarantee scheme. The bank will also offer a range of exclusive benefits