National Bank of Fujairah (NBF) and StorIT Distribution have entered into a strategic alliance to deliver tailored channel financing solutions to technology clients across the UAE.
By combining StorIT’s extensive partner network and market reach with NBF’s specialist expertise in technology financing, the collaboration will expand access to flexible working capital solutions that support growth across the technology value chain.
Under the new partnership, National Bank of Fujairah (NBF) and StorIT will work together to create tailored financing solutions specifically designed for system integrators, resellers, and enterprise end-users.
According to the statement, these bespoke financing programs aim to help customers effectively manage their cash flow throughout the entire technology project lifecycle.
By offering flexible financial solutions, the collaboration will support various stages of the project, including procurement, deployment, and the adoption of cutting-edge digital infrastructure. This initiative is set to enable businesses to adopt advanced technologies with greater ease, while ensuring financial flexibility and operational efficiency.
Officials’ comments on NBF-StorIT Distribution partnership
Rehan Ali, Head of Business Banking Group, National Bank of Fujairah, said that, “Technology innovators and channel partners are at the forefront of the UAE’s digital economy. Through our alliance with StorIT Distribution, we are bringing the right financing, at the right time, to help these businesses deliver projects with confidence, accelerate innovation, and scale sustainably.”
Suren Vedantham, CEO, StorIT Distribution, stated that, “The ability to extend bespoke trade and project financing solutions, in partnership with NBF, opens up opportunities of immense value to our vast Reseller Channel ecosystem.”
“NBF’s unique industry-focused coverage and its commitment to empower the technology sector seamlessly compliments StorIT’s constant endeavor to enable its resellers with competitive advantage to succeed in winning projects across datacenter infrastructure, cloud, cybersecurity, and AI domains,” Vedantham added.
