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  • Writer's pictureTeam CargoTalk

FAB, Alfanar collaborate for supply chain finance program


First Abu Dhabi Bank (FAB) is expanding its value-added trade product and channel capabilities in the region with the launch of its Supply Chain Finance (SCF) program in the Kingdom of Saudi Arabia. At the same time Alfanar became the first local client in the Kingdom to benefit from FAB’s on-ground SCF capabilities. FAB’s Supply Chain finance (SCF) and Receivable Finance (RF) solutions enable corporates to monetize their receivables at competitive rates and get immediate payment, without borrowing funds. Fahad Al Juwaidi, Country CEO, First Abu Dhabi Bank (FAB), KSA, said, “At FAB, our mission is to expand our regional presence and offer cutting-edge solutions that drive growth for our clients. The launch of our program in KSA is a significant step forward in our regional expansion strategy.”


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