Friday, June 21, 2024
Today’s News

Emirates Developers Bank Unveiled the Funding deals Worth Dh362 Million.

On Day 2 of the Make it in the Emirates Forum, EDB announced financing deals totaling capex loans and working capital for 13 companies in various manufacturing industries across the bank’s five priority sectors. The companies are KEC EPC LLC, Trofina Food (ME) FZC LLC, Global Surfaces Group, Deep Sea Food Company, Neelkamal Plastics Manufacturing, Dolphin Manufacturing Ltd LLC, Scandinavian Papers Industries CO. L.L.C, SIBCA, Medeco Protective Safety Equipment Manufacturing, Abu Dhabi National Paper Mill, Super Cement, Aspen Polystyrene, and ACE Centro. The bank is bolstering advanced manufacturing and diversifying critical supply chains through innovative financing solutions and a patient debt approach with long tenors, promoting cutting-edge food security solutions, expanding climate finance and the transition to renewable energy, increasing access to smart and efficient healthcare systems, and promoting the deployment of advanced technologies across industry. In doing so, the Bank is also anchoring jobs and investments in the UAE, increasing access to financing for mSMEs, empowering entrepreneurs, increasing the generation of in-country value (ICV), and driving forward the national vision of a diverse, high-tech, and AI-driven economy.

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Friday, June 21, 2024

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