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Abu Dhabi launches $1.6bn financing drive for SMEs

Abu Dhabi launches $1.6bn financing drive for SMEs
ABU DHABI, January 18, 2021
The Abu Dhabi Department of Finance (DoF) has announced an AED6 billion ($1.63 billion) supply chain financing initiative to support a variety of sectors, as a key initiative in its commitment to support small and medium enterprises (SMEs).
The first phase of this initiative is in partnership with the National Health Insurance Company (Daman) and First Abu Dhabi Bank (FAB), aiming to provide liquidity to SMEs in the healthcare sector, reported Emirates News Agency
WAM.
Funded by Ghadan 21’s SME credit guarantee scheme, the initiative is a demonstration of Abu Dhabi’s significant commitment to sustain and support SMEs – throughout COVID-19 and beyond – and will initially support SMEs in the healthcare sector, before being extended to include other banks and sectors. ....

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Abu Dhabi Department of Finance launches Dh6b initiative to increase liquidity for SMEs

Abu Dhabi Department of Finance launches Dh6b initiative to increase liquidity for SMEs
First phase with FAB and Daman is designed to support SMEs in the healthcare sector
Allocation of funds from the Ghadan 21 SME credit guarantee scheme will benefit SMEs in a variety of sectors
The Abu Dhabi Department of Finance (DoF) has announced a Dh6 billion supply chain financing initiative to support a variety of sectors, as a key initiative in its commitment to support small and medium enterprises (SMEs).
The first phase of this initiative is in partnership with the National Health Insurance Company (Daman) and First Abu Dhabi Bank (FAB), aiming to provide liquidity to SMEs in the healthcare sector. ....

Abu Dhabi , Abuz Aby , United Arab Emirates , Ataba Alzaabi , Hamad Al Mehyas , National Health Insurance Company Daman , First Abu Dhabi Bank , Abu Dhabi Department Of Finance Do , Abu Dhabi Department , National Health Insurance Company , Mohammed Bu Ataba Alzaabi , Uae Smes , Smes In Abu Dhabi , Abu Dhabi Smes , ஒன்றுபட்டது அரபு அமீரகங்கள் , தேசிய ஆரோக்கியம் காப்பீடு நிறுவனம் தமன் , தேசிய ஆரோக்கியம் காப்பீடு நிறுவனம் , அயே ஸ்மெஸ் , ஸ்மெஸ் இல் தபி ,

Abu Dhabi rolls out Dh6bn supply chain initiative to back SMEs

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Abu Dhabi is introducing a Dh6 billion supply chain financing initiative to back a variety of sectors as part of its efforts to support small and medium enterprises (SMEs).
The first phase of the Abu Dhabi Department of Finance (DoF) initiative, which aims to provide liquidity to SMEs in the healthcare sector, will be delivered by National Health Insurance Company (Daman) and First Abu Dhabi Bank (FAB), it said in a statement on Sunday.
As part of our forward-looking fiscal sustainability strategy, we are proactively launching this initiative in order to underpin continued liquidity for SMEs in Abu Dhabi, Jassem AlZaabi, chairman of the Abu Dhabi DoF, said. SMEs are the lifeblood of the economy, and key to long-term sustainable growth for the emirate of Abu Dhabi. ....

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Abu Dhabi Department of Finance launches Dh6 billion supply chain financing initiative

Move aimed at increasing liquidity for SMEs ....

Abu Dhabi , Abuz Aby , United Arab Emirates , Ataba Alzaabi , Hamad Al Mehyas , National Health Insurance Company Daman , First Abu Dhabi Bank , Abu Dhabi Department Of Finance Do , Stock Abu , Abu Dhabi Department , Image Credit , National Health Insurance Company , Jassem Mohammed Bu Ataba Alzaabi , Chief Executive Officer , Group Chief Executive Officer , ஒன்றுபட்டது அரபு அமீரகங்கள் , தேசிய ஆரோக்கியம் காப்பீடு நிறுவனம் தமன் , படம் கடன் , தேசிய ஆரோக்கியம் காப்பீடு நிறுவனம் , தலைமை நிர்வாகி அதிகாரி , குழு தலைமை நிர்வாகி அதிகாரி ,

ADQ expands its healthcare, pharma portfolio in UAE

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