04 June 2015
New alliance to roll out a set of exciting new products in 2015

Dubai - Al-Futtaim recently sealed a strategic alliance with the National Bank of Abu Dhabi (NBAD) and MasterCard at a corporate event held at the InterContinental Hotel, Dubai Festival City. The gathering marked the launch of a partnership to create new products across many Al-Futtaim brands, andunveiled an innovative credit card offering which provides a host of attractive offers and solutions to customers.
 
More than 200 senior executives and dignitaries from across all three organisations gathered to celebrate the milestone.

"This partnership will harness our desire to launch a product that will set new standards through a highly diversified rewards programme, further cementing Al-Futtaim's reputation within the UAE and the region as a customer service innovator and leader across a wide spectrum of industries," commented Steve Faulkner, Regional Managing Director, Al-Futtaim Finance.

"We are opening a world of attractive benefits to consumers while also providing them with highly competitive interest rates and charges. Iam very confident that our newcredit card programme will be extremely well received by our customers", Faulkner also added.

"We are very proud to be collaborating with Al-Futtaim and the National Bank of Abu Dhabi, two leading organisations in their respective industries, to offer our cardholders two new simple, safe and rewarding payment solutions. We believe that these new offerings will have a significant positive impact on the retail industry," says Eyad Al Kourdi, Country Business Head - UAE, MasterCard. Mr. Al Kourdi added: "These new payment solutions combine the utility of a co-branded credit card with a supercharged benefits programme. As technology delivers new ways of connecting consumers with their payment accounts, MasterCard will continue to leverage its innovations and strong partnerships to bring innovative products that meet market needs."

Abdulla Bin Khalaf Al Otaiba, NBAD's Senior Managing Director and Group Head of Global Retail & Commercial said: "This partnership sets a new milestone in NBAD's aim to become the UAE's number one bank. We are committed to offering a strong value proposition to our clients across Al-Futtaim's diversified brands in retail, automotive, real estate and financial services. Our new co-branded credit card offering reaffirms NBAD's presence in Dubai where our partner's distribution network is the most extensive and prominent".

-Ends-

About Al-Futtaim
Established in the 1930s as a trading business, Al-Futtaim is one of the largest and most diversified privately owned conglomerates, which employs in excess of 42,000 people.

Headquartered in Dubai, UAE, Al-Futtaim operates through more than 200 companies and has increased its footprint beyond the GCC and Greater Middle East to encompass South East and North Asia, Australasia, East Africa and Europe.

Structured into four divisions; automotive, financial services, real estate and retail, and representing over 225 world-class international brands, the success of Al-Futtaim is attributed to proactively managing change whilst upholding the values of integrity, service and social responsibility.

For further information, please contact:
Ayad Nahas 
Public Relations Manager
GMASCO - An Al-Futtaim Group Company
Tel: +971 4 208 5853
Fax: +971 4 256 5584
Email: Ayad.Nahas@gmasco.com

© Press Release 2015