ABU DHABI, 30th November, 2023 (WAM) -- Ajman Bank has signed a Memorandum of Understanding (MoU) with Abu Dhabi Global Market (ADGM), one of the world’s largest international financial centres in the capital of the UAE, to support the growth needs of its global financial community.
The announcement was made during the Abu Dhabi Finance Week (ADFW) hosted by ADGM. The week-long event serves as a platform for in-depth conversations around the MENA region’s financial sector, industry trends, developments and innovation involving financial markets and global banking.
Under the terms of the MoU, Ajman Bank will provide ADGM registered and licensed entities with dedicated client managers, preferential Shari’a compliant banking services, and curated value propositions which includes access to SMEsouk, Ajman Bank’s digital platform for small and medium-sized enterprises (SMEs).
The MoU establishes a formal framework for cooperation and assistance between the two entities, with a focus on strengthening collaboration in areas such as education and training, business development, co-hosting Digital Lab, creating awareness and conducting research pertaining to financial services, banking, and fintech-related initiatives. Additionally, the MoU aims to increase collaboration between Ajman Bank and ADGM to facilitate knowledge exchange on latest banking and finance developments.