"The decision echoes the company's vision to keep pace with the ongoing hype in Dubai"
Abu Dhabi, 10 September, 2013 - Finance House
) announced that it has opened a dedicated Trade Finance unit in its Dubai branch. This move comes to address the growing demand on these services and provides our customers with a faster processing time for their operations.
Mohammed Wassim Khayata, Group Chief Operating Officer of Finance House said: "This step will help us to serve our customers better in the Emirate and provide them with greater convenience. Additionally, it will strengthen our relationships with our existing customers and enable us to further expand our customer base. Moreover, the newly established unit will help reduce the time that was previously required to process various operations from our headquarters in Abu Dhabi."
Trade Finance is a comprehensive solution through which Finance House offers a bouquet of services, including letters of credit, bills for collection, letters of guarantee and others.
"Offering Trade Finance at our Dubai branch simply reflects our ongoing commitment to deliver easy and streamlined solutions to our customers and to keep pace with the massive growth that the Emirate is witnessing on many levels," said Khaled Abdel Azim Hassan, Trade Finance Manager at Finance House.
A prominent factor of this growth is Dubai's bid for Expo 2020, one of the world's largest and most anticipated events. As competition heightens to host this prestigious exhibition, Dubai is ramping up its efforts to showcase its capabilities and unique advantage as a fierce competitor.
"As a local leading financial institution, we always endeavor to contribute to the economic development of the UAE. Therefore, we shall constantly look for ways to serve our goals, while providing the best to our customers," concluded Khayata.
Earlier this year, Finance House won the Best Corporate Finance Company Award for the second consecutive year at the Banker Middle East Industry Awards 2013.
Being responsive to the market needs is one of Finance House's key objectives. By providing a comprehensive range of products and services, the Company is keen on offering a unique and highly convenient financial experience to its customers.
About Finance House
Finance House PJSC is an Abu Dhabi-headquartered finance company that was established on 13 March 2004 and commenced its operations on 18 July 2004.
The principal activities of the Company are commercial and retail financing, financial services and investments. The Company is licensed and regulated by the Central Bank of the UAE.
The major shareholders of Finance House include, The National Investor (TNI), a number of prominent UAE businessmen, high net worth individuals and dignitaries.
In a short span since inception, Finance House has introduced a number of innovative products and services for the consumer and commercial segments.
Finance House is listed on the Abu Dhabi Exchange under the ticker symbol FH and is categorized as a "Grade One" company by the Emirates Securities & Commodities Authority (SCA).
For further information, kindly contact:
Wissam Farran- Manager
Group Corporate Communications
Finance House PJSC
Tel: +971 2 6194893
Fax: +971 2 6315806
© Press Release 2013