Dubai – Mubasher: The UAE’s Gulf Finance on Wednesday announced that it inked a partnership agreement with Al Amaal Business Services to expand their joint distribution network, marking their fourth deal in two months.
The deal comes as part of Gulf Finance’s plans for improving its product and service lines “outside of the traditional lending landscape,” the company said in a statement.
Gulf Finance’s managing board director Mustafa Kheriba and CEO of Al Amaal Business Services Ghanem Al Agha signed the agreement.
“The partnership will see Al Amaal Business Services offering its client base Gulf Finance’s Labour Guarantee issuances and E-dirham services,” according to the statement.
Gulf Finance is pleased to enhance its partnership with Abu Dhabi-based Al Amaal Business Services, Kheriba said, highlighting that his company was looking forward to building on this relationship to diversify its platform of distribution channels.
“We will continue establishing similar additional tie-ups with other TAS’HEEL service centers across the United Arab Emirates, as part of our initiative to expand Gulf Finance’s liability portfolio, through its Labour Guarantee linked deposits offering,” Gulf Finance’s top official concluded.
