Al Masraf and Innovo Group have marked a milestone in their strategic banking relationship by announcing a project financing agreement.
The agreement reflects Al Masraf’s continued commitment to supporting major businesses and projects that contribute to the UAE’s economic growth and development. The financing will support Innovo Group in delivering a project, further strengthening the partnership between the two organisations.
The agreement represents one of the largest project financing facilities Al Masraf has extended to a corporate client, highlighting the Bank’s growing capability to provide tailored financing solutions for complex, strategically significant projects.
Fuad Mohamed, Chief Executive Officer of Al Masraf, said, “This milestone reflects Al Masraf’s commitment to supporting the UAE’s ambitious infrastructure and development agenda and to building long-term partnerships with leading organisations across the country. Our collaboration with Innovo Group demonstrates the strength of our corporate banking capabilities and our ability to provide tailored financing solutions that support projects of strategic importance. We are proud to play a role in enabling the delivery of major developments and look forward to strengthening our partnership with Innovo Group as we continue to support its growth and ambitions.”
Bishoy Azmy, CEO, Innovo Group, said, “Al Masraf has been a valued banking partner to Innovo, and we welcome the opportunity to deepen our engagement. As our business evolves, we see scope to broaden our collaboration and work together on new opportunities. We look forward to building on the strong foundations of our relationship in the period ahead.”
Join our community of 200,000+ real estate leaders and get weekly insights and updates with our newsletter.
*Offer ends on Friday, 7th February.
