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DUBAI / WAM
The Ministry of Energy and Infrastructure on Monday signed Memoranda of Understanding (MoU) with the Emirates Development Bank (EDB), the Emirates Islamic Bank (EIB), Dubai Islamic Bank (DIB) and Ajman Bank (AB).
The signing was attended by Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure.
The MoUs facilitate the financing of additional loans for beneficiaries of the Sheikh Zayed Housing Programme and promote cooperation between the ministry and national banks to serve citizens, by offering the programme’s loans at competitive prices.
They also facilitate additional loan applications for citizens, to accelerate the process of the delivery of houses. The MoUs were signed by Eng Jameela Al Fandi, Director of the Sheikh Zayed Housing Programme, and Ahmed Al Naqbi, CEO of the EDB, Salah Amin, CEO of the EIB, Faroun Soud, Director of Financing at the DIB, and Mohammed Amiri, CEO of AB.