ZAWYA: National Bank of Fujairah and The Free Zones Authority of Ajman sign MoU to support business growth

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Abu Dhabi, United Arab Emirates – National Bank of Fujairah PJSC (NBF) has signed a Memorandum of Understanding (MoU) with the Free Zones Authority of Ajman to establish a strategic partnership aimed at supporting businesses within the free zone through streamlined bank account opening and access to tailored banking solutions.The MoU was signed by Adnan Anwar, Chief Executive Officer of National Bank of Fujairah, and Musabeh Al Musafri, Director of Customer Experience and Service Delivery at the Free Zones Authority of Ajman, during Make it in the Emirates, reinforcing a shared commitment to enabling industrial growth, advancing private sector development, and supporting the UAE’s broader economic agenda.Commenting on the partnership, Adnan Anwar, Chief Executive Officer of National Bank of Fujairah, said: “This partnership with the Free Zones Authority of Ajman underscores NBF’s role as a trusted banking partner supporting businesses across the UAE. By strengthening collaboration with free zone authorities and streamlining onboarding processes, we aim to help businesses establish faster, operate more efficiently, and scale with confidence.”Under the agreement, the Free Zones Authority of Ajman will recommend NBF as a preferred banking partner to companies registered, or in the process of registering, within the free zone. NBF will support these businesses by facilitating and expediting bank account openings in line with regulatory requirements and the bank’s internal policies, helping to enhance ease of doing business for SMEs and corporates.Underscoring the importance of the initiative, Musabeh Al Musafri, Director of Customer Experience and Service Delivery at the Free Zones Authority of Ajman, said: “Every entrepreneur needs the right support system to move forward with confidence. Through our partnership with National Bank of Fujairah, we are opening new doors for our business community, enabling entrepreneurs, innovators, and investors to access banking and financial solutions more easily to support their next stage of growth.”Signed on the sidelines of Make it in the Emirates, the partnership aligns with NBF’s broader role in supporting the UAE’s industrial ecosystem.During the event, NBF engaged with industrial and commercial businesses to address financing requirements across different stages of growth, supported by its relationship-led approach ...

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