Ajman, UAE – In a significant move to bolster business innovation and support for entrepreneurs, the Thara Center for Entrepreneurship at the Ajman Chamber of Commerce has signed a memorandum of understanding (MoU) with ruya Bank, a leading digital-first bank renowned for its innovative financial solutions. The agreement aims to provide proactive and tailored banking services that cater to the needs of Ajman Chamber members, particularly private sector establishments and entrepreneurs.
The MoU was signed by Marwan Hareb Al Ariani, Executive Director of the Thara Center for Entrepreneurship, and Christoph Koster, CEO of ruya Bank. This partnership is set to deliver flexible financing services, comprehensive financial consultations, and streamlined banking procedures tailored for business owners and entrepreneurs. Additionally, it includes collaboration on organizing events, exhibitions, and workshops to support the strategic objectives of both entities.
Key highlights of the MoU include:
- Flexible Financing Services: Provision of adaptive financial solutions to meet the diverse needs of SMEs and entrepreneurs.
- Financial Consultations: Offering expert financial advice to help business owners navigate complex financial landscapes.
- Simplified Banking Procedures: Facilitating easier access to banking services for entrepreneurs and business owners.
- Event Collaboration: Joint organization of events, exhibitions, and workshops aimed at fostering business growth and innovation.
- Entrepreneurial Projects and Initiatives: Launching projects and initiatives focused on entrepreneurship and attracting direct investments across various sectors.
- Enhanced Media Cooperation: Strengthening media cooperation to raise awareness of the initiatives and services provided by both parties.
- Permanent Ruya Office at Thara Center: Establishing a permanent ruya Bank office within the Thara Center to serve Ajman Chamber members and entrepreneurs.
Marwan Al Ariani emphasized the strategic importance of this partnership, noting that it represents a critical step in supporting entrepreneurs and SMEs by providing innovative banking services designed to enhance the business environment in Ajman. He highlighted that the collaboration aligns with the objectives of “Ajman Vision 2030” by fostering a conducive environment for investment development, supporting emerging companies, and boosting SME growth to enhance the competitiveness of businesses in the emirate.
Christoph Koster expressed pride in the partnership, underscoring ruya Bank’s commitment to delivering advanced financial solutions that simplify banking procedures for entrepreneurs and business owners in Ajman. He noted that ruya Bank combines cutting-edge technology with the principles of Islamic banking to offer comprehensive financial services.
This strategic MoU reflects the Ajman Chamber’s ongoing efforts to provide value-added services that stimulate business development and growth, in line with their institutional vision of diversifying initiatives and services to keep pace with economic changes and developments.
