Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

FAB, Silver Birch announce partnership

FAB fourth quarter 2022 net profit was AED2.5 billion, compared to AED2.9 billion in the previous quarter. (FAB)
  • This partnership enables FAB and Silver Birch to offer various inventory solutions to suit specific client needs.
  • Silver Birch, headquartered in the UK, is a specialist working capital structuring, advisory and execution firm.

First Abu Dhabi Bank (FAB) on Monday announced its partnership with Silver Birch Finance Limited to offer inventory solutions to their local and international clients.

Silver Birch, headquartered in the UK, is a specialist working capital structuring, advisory and execution firm that supports financial institutions by enabling them to offer corporate clients non-debt solutions to optimise balance sheets and meet specific supply chain objectives. This partnership enables FAB and Silver Birch to offer various inventory solutions to suit specific client needs.

Sara Al Binali, Group Head of Corporate, Commercial and International Banking at FAB, said, “FAB is proud to offer innovative solutions like inventory financing, which helps our valued clients to meet their strategic requirements. We look forward to offering this product across all our client segments.”

Sean Hanafin, CEO of Silver Birch, said, “Silver Birch is delighted to be partnering with FAB, as a leading regional player and the UAE’s largest bank, to deliver sustainable inventory solutions for corporate clients, particularly at this time of global supply chain disruption and increased strategic focus on ensuring secure inventory supplies, which is the life blood of our clients’ operations.”