Emirates Development Bank (EDB) will participate in Bonds, Loans & Sukuk Middle East, the region’s largest gathering for the corporate and investment banking industry.
EDB, a Gold Sponsor of the event taking place on 7th-8th June in Dubai, will be using the platform as part of its mission to engage with stakeholders in the investment and development community.
EDB will also be highlighting its role in the UAE financial sector. The bank is the first federal entity to be issued ratings by S&P and Fitch, and its focus is on maximizing national economic impact and in-country value, allied with risk prudence, means it has been able to partner with economic freezones, chambers of commerce, departments for economic development and commercial banks to deploy AED1.52 billion to priority sectors in the last 12 months alone.
On the opening morning of the event, Ahmed Mohamed Al Naqbi, CEO of EDB, will deliver a keynote address in which he will outline how the bank’s flexible financing solutions for SMEs and large corporates in key sectors are making a vital contribution to the long-term sustainable growth of the UAE economy – and how it is creating a new model for development banks across the Middle East.
Commenting on the bank’s participation, Al Naqbi said, “Bonds, Loans & Sukuk Middle East is the foremost event for the corporate and investment banking industry and, as such, provides an invaluable opportunity to reinforce our readiness, as the key financial engine of economic diversification and industrial development, to work alongside financial institutions, government bodies and development agencies to empower the national economy.”
He added, “As we emerge from the pandemic and confront the new challenges of supply chain disruption and inflation, it’s clear that the banking and finance industry have a significant role to play in accelerating economic recovery. I look forward to participating in conversations on how we can work together to match the right solutions to the right opportunities – and ensure we continue to mobilize capital to benefit the national economy.”
Bonds, Loans & Sukuk Middle East Bonds takes place over two days in Dubai and hosts 70-plus speakers, 550-plus sovereign, corporate and financial institution borrowers and 200-plus investors and lenders – with 93 percent of the attendees at director level or above.