Khalifa Fund signs MoU with Al Maryah Community Bank to support SMEs

Khalifa Fund signs MoU with Al Maryah Community Bank to support SMEs

Khalifa Fund for Enterprise Development (Khalifa Fund) has signed a Memorandum of Understanding (MoU) with Al Maryah Community Bank (Mbank), 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.

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 to Khalifa Fund members when they open an account with Al Maryah Bank, including no minimum balance requirements, a free Wi-Fi Protected Setup (WPS) facility, access to a marketplace, a dedicated relationship manager, and innovative banking services. Additionally, members will enjoy lower fees and charges, faster processing times, and improved security.

H.E. Alia Al Mazrouei

CEO – Khalifa Fund “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