Ethmar International and Ajman Bank Inks Strategic Partnership Agreement To List In The UAE Stock market
As part of the preparations for listing EIH as a joint stock company on the UAE stock market, Ethmar International Holding (EIH) has inked a strategic collaboration agreement with Ajman Bank, one of the top Islamic financial institutions in the UAE.
The partnership agreement, which calls for Ajman Bank to serve as a strategic partner throughout the private offering process, marks a new high point in the history and accomplishments of the two businesses and advances the development of local markets as well as the economy of the UAE, in keeping with the goal of the nation's leadership to forge a clear path for long-term economic growth.
On this occasion, Ali El Gebely, the Managing Director and CEO of Ethmar International Holding (EAH), said, "Ethmar International Holding a a leading company in the Middle East, seeks to build real value for the future of investment through strategic partnerships and to develop a diversified, innovative and sustainable investment portfolio."
He added: "The UAE economy serves is a key hub for the financial markets' activities in the Middle East, and this clearly reflected in the great economic boom in the country". He emphasised that investors from all over the world have been drawn to this rapidly expanding emerging market because of the UAE economy's high level of resilience in the face of ongoing global issues.
He also applauded BHM Capital for having a wide range of financial industry experience and for offering top-notch services that adhere to the strictest international standards.
Commenting on the partnership, Mohamed Amiri, Chief Executive Officer, Ajman Bank, said, "We are delighted to have such investment opportunities and glad to collaborate with Ethmar International Holding as we always seek partnerships for the benefit of the investors in the company. We are confident this strategic initiative, which aligns with our commitment to supporting the growth of the UAE's economy will serve the interests of the bank's investors. We look forward to leveraging our expertise and resources for the benefit of all.”
The Abu Dhabi-based Ethmar Holding Group, which owns a number of businesses in a variety of business and industrial sectors, including energy, technology, and real estate development, places a priority on encouraging and developing diversified businesses across a wide range of key industries on a local and global scale in order to pursue sustainable returns that ensure strong and continuous growth for the group.
Ajman Bank is an Islamic commercial bank founded in the Emirate of Ajman in 2007 and is focused on the principles of integrity, trust, and transparency. In February 2008, its shares were admitted to trading on the Dubai Financial Market. After formally starting its operations in 2009 with two offices in the emirate of Ajman, Ajman Bank now runs a network of branches and ATMs throughout the United Arab Emirates.