National Bank of Fujairah PJSC (NBF) has signed a memorandum of understanding (MoU) with Sharjah Airport International Free Zone (SAIF Zone) to provide banking services and financial solutions to companies operating within the free zone.
The agreement establishes a strategic partnership between the two organizations to improve banking accessibility for investors, small and medium-sized enterprises (SMEs), and corporates based in the SAIF Zone.
It also supports business growth, investment, and the continued development of the UAE’s business environment.
Under the MoU, NBF will provide a range of banking and financial services to eligible companies operating in the SAIF Zone.
These include account opening, cash management solutions, trade finance services, and financing facilities designed to meet the requirements of businesses across different sectors.
NBF stated that the services will be delivered through its relationship-led banking model, providing companies with dedicated support and sector-focused banking expertise.
As part of the partnership, NBF will establish a representative office within the SAIF Zone. The office will be staffed by dedicated relationship managers who will support existing and prospective clients, providing businesses with direct access to banking services from within the free zone.
The two organizations will also work together on investment promotion and business development initiatives. The partnership is intended to support companies operating in the free zone while contributing to SAIF Zone’s role as a regional center for trade, logistics, manufacturing, and international investment.
Adnan Anwar CEO – National Bank of Fujairah
“This partnership with SAIF Zone reflects NBF’s ongoing commitment to supporting businesses and investors across the UAE. By combining our relationship-driven banking approach with SAIF Zone’s strong value proposition, we aim to provide companies with the financial solutions, guidance, and accessibility they need to grow with confidence and contribute meaningfully to the nation’s economic development.”
HE Saud Salim Al Mazrouei, Director of the Sharjah Airport International Free Zone Authority (SAIF Zone), noted that the agreement is consistent with the authority’s efforts to expand services available to investors and business partners. SAIF Zone currently hosts more than 8,000 companies from 165 countries.
Al Mazrouei added that the partnership will provide companies operating in the SAIF Zone with a wider range of banking services, helping businesses manage their financial requirements while supporting investment and commercial activities.
