Jul 05 2009
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Ruwad partners with Mawarid to fund SMEs
Sharjah: In an effort to help national small and medium enterprises (SMEs) achieve their full potential, Ruwad Establishment has signed a Memorandum of Understanding (MoU) with Mawarid Finance to provide these businesses with the necessary financial support. The alliance aims to set up joint programs and mechanisms to develop the SME sector nationwide.
The signing ceremony was attended by H.E Ahmed Mohammed Al Midfaa, Chairman of Ruwad, who signed the cooperation agreement with H.E Mohammed Al Neaimi, CEO of Mawarid Finance .
Commenting on the occasion Al Midfaa said: "We would like to extend thanks and appreciation to H.H Sheikh Dr Sultan bin Mohammed Al Qasimi, member of the Supreme Council and ruler of Sharjah, and to H.H Sheikh Sultan bin Mohammed Al Qasimi, crown prince and deputy ruler of Sharjah, for their continuous support of Ruwad's initiatives. We seek to sign strategic agreements with the concerned bodies to provide the financial and technical support for entrepreneurs in the emirate of Sharjah, and we are partnering with Mawarid, specifically, to provide finance solutions for SMEs.
Said Al Neaimi: "We aim to offer our Shariah compliant services to the firms registered by Ruwad. We are keen to ease all difficulties faced by SMEs, and to open new horizons for them while simultaneously boosting the UAE economy."
The MoU gives Ruwad-registered businesses the right to benefit from the numerous services and privileges offered to SMEs by Ruwad and Mawarid, which include, among others, marketing, promotional and training support, networking opportunities, as well as fee exemption and reduced rates on business services.
For further information please contact:
Assistant Account manager
Tel: +971 4 3298996
Fax: +971 4 3298995
Mob: +971 50 3323158
Web Site: www.saharagcc.com
© Press Release 2009
© Copyright Zawya. All Rights Reserved.
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