Emirates Development Bank signs credit facility agreement of with Valiant Healthcare

Emirates Development Bank signs credit facility agreement of with Valiant Healthcare

Dubai, UAE: Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has signed a credit facility agreement with Valiant Healthcare, the owner of Valiant Clinic & Hospital, a UAE-based boutique multi-specialty clinic and hospital located in CityWalk Dubai. The agreement will extend financing to for both capital investment and operational expenditures, allowing it to fulfil its expansions plans and while accessing essential working capital.

The signing ceremony was attended by Ahmed Mohamed Al Naqbi, CEO of EDB, Faisal Juma Belhoul, Chairman of Valiant, and Ahmed bin Juma Belhoul, CEO of Valiant Healthcare LLC, alongside other senior officials from both entities.

Healthcare is one of the priority sectors that EDB targets with its range of flexible financial and non-financial solutions, owing to its development and deployment of advanced technology, its contribution to non-oil GDP and its importance to social and economic development. EDB’s patient debt approach, in which financing is available with long tenors, extended grace periods and competitive rates, is available to customers and projects in the UAE that support economic diversification, facilitate high-skill job creation, and deliver tangible economic impact.

Ahmed Mohamed Al Naqbi, CEO of EDB, said: “Healthcare is one of the most