H.H. Sheikh Rashid Bin Humaid Al Nuaimi and H.E. Abdallah Yahya Al-Mouallimi, Chairman of Rasmala discuss ways of strengthening co-operation

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Thursday 24 November 2016

H.H. Sheikh Rashid Bin Humaid Al Nuaimi, Chairman of Ajman Municipality and Vice Chairman of Ajman Bank, met with H.E. Abdallah Y. Al Mouallimi , Chairman of Rasmala, and other senior executives to discuss ways of enhancing co-operation between the two institutions.

H.H. Sheikh Rashid Bin Humaid Al Nuaimi, expressed his desire for Ajman Bank to continue working with Rasmala following the recent joint acquisition of warehouse facilities in Dubai Investments Park for AED 300 million. In the future, the two parties plan to invest additional AED 1 billion into real estate projects across the UAE.

The delegation, which included Zak Hydari, CEO of Rasmala and Anwar Abu Sbaitan, Managing Director and Co-Head of Investment Banking at Rasmala discussed with H.H. Sheikh Rashid the latest economic developments in Ajman, focusing on how the Emirate can attract local and foreign investment to further boost its economy.

The delegation also praised the significant role of Ajman in strengthening and revitalizing the economic development of the UAE. H.E. Abdallah Yahya Al-Mouallimi highlighted the achievements of Ajman Bank and its efforts to boost co-operation with local, regional and international institutions.