Sharjah: Sharjah Airport International Free Zone (SAIF Zone) announced the signing of a Memorandum of Understanding (MoU) with National Bank of Fujairah PJSC (NBF), establishing a strategic partnership aimed at enhancing banking accessibility and delivering comprehensive financial solutions to companies operating within the free zone.
The MoU was signed at SAIF Zone’s headquarters by H.E. Saud Salim Al Mazrouei, Director of the SAIF Zone, and Adnan Anwar, CEO of National Bank of Fujairah, in the presence of senior officials and executives from both sides.
The collaboration reflects a shared commitment to enabling business growth, attracting investment, and strengthening the UAE’s dynamic business ecosystem. Through the partnership, NBF and SAIF Zone will work closely together to facilitate seamless banking services for investors, SMEs, and corporates, while promoting long-term growth and sustainability.
Under the MoU, NBF will provide a range of banking and financial services to eligible SAIF Zone companies. These services include account opening, cash management solutions, trade finance services, and financing facilities tailored to meet the evolving needs of businesses operating within the free zone. The partnership will be underpinned by NBF’s relationship-led banking model, ensuring personalised support and sector-focused expertise for clients.
As part of the partnership, NBF will establish a representative office within SAIF Zone, staffed by a dedicated relationship management team, to provide direct support to businesses operating within the free zone. The two parties will also collaborate to promote investment and business development initiatives, reinforcing SAIF Zone's position as a leading regional hub for trade, logistics, manufacturing and international investment.
H.E. Saud Salim Al Mazrouei, Director of the Sharjah Airport International Free Zone Authority (SAIF Zone), said that strengthening the Authority’s strategic partnership with the National Bank of Fujairah aligns with its commitment to delivering innovative, high-quality solutions that enhance the experience of investors and business partners. He noted that the signing of the MoU comes at a time when the Authority continues to witness strong growth in its investor base, having become home to more than 8,000 companies from 165 countries worldwide, underscoring the importance of expanding accessible financial services to support this continued growth.
Al Mazrouei added: “We are pleased to collaborate with the National Bank of Fujairah to provide our clients with a comprehensive suite of innovative banking and financial services. This partnership forms part of our ongoing efforts to empower investors to complete their transactions efficiently and seamlessly, while fostering an integrated and agile business environment that supports companies’ growth and long-term sustainability. This cooperation between the banking sector and free zone authorities also contributes to supporting private sector growth and reinforcing the UAE’s position as a leading global destination for investment and entrepreneurship.”
Adnan Anwar, Chief Executive Officer of NBF, said: “This partnership with SAIF Zone reflects NBF’s ongoing commitment to supporting businesses and investors across the UAE. By combining our relationship-driven banking approach with SAIF Zone’s strong value proposition, we aim to provide companies with the financial solutions, guidance, and accessibility they need to grow with confidence and contribute meaningfully to the nation’s economic development.”
For further information, please contact:
- Ali Elgendy
Misbar Communications
ali@misbar-me.com
Ahmad Aldwairi
Misbar Communications
ahmad.aldwairi@misbar-me.com
Send us your press releases to pressrelease.zawya@lseg.comDisclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.