iPhone | iPad
Android
Huawei
Previous attempts to bring Winterkorn to court had failed due to his poor health
KT APPDOWNLOAD
ADIB launches ‘Small Business Finance’ to support SMEs
The Abu Dhabi-based lender offering a complete financing solution up to Dh1.5 million to support developing and growing needs of businesses
The bank’s SBF is designed to offer a bespoke financial solutions for small and medium businesses in the UAE catering to their business objectives. — Supplied photo
Abu Dhabi Islamic Bank, or ADIB, has unveiled a new offering ‘Small Business Finance (SBF)’ that is aimed at small and medium-sized businesses (SMEs) in the UAE.
In a statement on Tuesday, the Abu Dhabi-based leading financial institution said the new product offers a complete financial solution for up to Dh1.5 million to support the short and long term goals of SMEs.
The bank’s SBF is designed to offer a bespoke financial solutions for small and medium businesses in the UAE catering to their business objectives.
With an easy and fast application process, businesses will also get a comprehensive range of benefits that includes collateral free business finance, working capital finance for local and international purchases or CAPEX Finance for equipment, Machinery and Auto, payment based on Equated Monthly Installment (EMI), flexible tenor, while also providing accessibility to expert advice and more benefits to give each Business the Makeover it needs.
Mohammed Al Salem, head of Business Banking, ADIB, said SMEs play an important role in shaping economies globally.
"ADIB recognises their importance to the local economy and has been constantly supporting them through several initiatives that enable business owners to reach their full potential. Our new product is aligned with the UAE’s vision as supporters and contributors to small businesses’ growth and reinforces our position as one of the largest Islamic Banks offering a range of business banking products to support the needs of businesses,” he said.
Bolstering the nation’s continuous efforts to develop the business sector in the UAE, ADIB’s SBF provides a complete financing solution to further assist individuals to realize their business goals and remain committed to support the growth and sustainability of this segment.
— muzaffarrizvi@khaleejtimes.com
More news from
Labour shortage may worsen in Thuringia if migrants leave on fears AfD's success will fuel racism
Major risk event is US payrolls data on Friday, analyst says
The Ministry expressed its permanent rejection of all forms of violence and terrorism aimed at undermining security and stability
With Turkey mired in sky-high inflation, Istanbul's ubiquitous street vendors are worried about their future
The collaboration marks a significant step forward in both companies' commitment to environmental sustainability
The Ministry called on Israeli authorities to stop the escalation and not take steps that exacerbate tension and instability in the region
The islands have declared a state of emergency as rivers dry up, crops wither and drinking water is rationed in a part of Italy