Al Masraf and Sharjah Chamber of Commerce and Industry Sign Strategic Memorandum of Understanding to Strengthen Business Collaboration
Sharjah, United Arab Emirates – 4 November 2026: Al Masraf has signed a Memorandum of Understanding (MoU) with the Sharjah Chamber of Commerce and Industry (SCCI), marking an important step towards strengthening institutional collaboration and exploring opportunities to support the UAE’s evolving business and economic landscape.
The signing ceremony took place at Al Barajeel, Sharjah Chamber of Commerce and Industry, in the presence of His Excellency Abdalla Sultan Al Owais, Chairman of SCCI, and His Excellency Mohamed Ahmed Amin, Director General of SCCI.
Representing Al Masraf were Fuad Mohamed, Chief Executive Officer and Ahmad Yousuf, Chief Retail Banking Officer.
The MoU establishes a framework for cooperation between the two organizations, bringing together Al Masraf’s banking expertise and financial solutions with SCCI’s established role in supporting the business community and fostering economic development in Sharjah.
Through this collaboration, both organizations aim to explore opportunities to strengthen engagement with the business community, facilitate knowledge exchange and identify areas of mutual interest that contribute to a more connected and dynamic business environment.
The agreement reflects a shared commitment to fostering meaningful partnerships that support enterprise development, encourage innovation and contribute to the UAE’s broader economic ambitions.
H.E. Mohamed Ahmed Amin Al Awadhi, Director General of Sharjah Chamber of Commerce and Industry, stated: “The MoU with Al Masraf underscores SCCI’s commitment to expanding its strategic partnerships with financial and banking institutions. It is intended to foster greater integration across the economic ecosystem and create stronger conditions for businesses operating in Sharjah to grow and expand. The partnership also marks an important step towards strengthening engagement with the business community, understanding its needs, and exploring areas of cooperation that can contribute to a more integrated and flexible business environment.”
“Through this agreement, we aim to create added value for the private sector by expanding businesses’ access to Al Masraf’s financial and banking solutions and services. This, in turn, will help businesses expand their operations, fund development plans, and respond to changing economic conditions. We look forward to this partnership benefiting the business community, supporting company growth, and reinforcing Sharjah’s competitiveness and position as an attractive destination for investment and business,” he added.
Fuad Mohamed, Chief Executive Officer of Al Masraf, commented: “At Al Masraf, we believe that strong partnerships are essential to creating lasting economic value and unlocking new opportunities for businesses across the UAE. Our collaboration with the Sharjah Chamber of Commerce and Industry reflects our commitment to building meaningful relationships with institutions that play an important role in advancing the nation’s economic development.”
He added: “By combining our financial expertise with the Chamber’s extensive business network and market knowledge, we look forward to exploring opportunities that support businesses’ evolving needs, encourage sustainable growth, and contribute to a thriving economic ecosystem. This partnership is aligned with our vision of empowering future legacies through progressive, connected and trusted banking solutions.”
The signing reinforces Al Masraf’s continued focus on developing strategic partnerships that extend beyond traditional banking relationships, creating opportunities for collaboration across key sectors of the UAE economy.
As Al Masraf continues to advance its strategic priorities, the Bank remains committed to working alongside leading institutions to support business growth, strengthen economic connectivity and deliver long-term value to clients and stakeholders.
-END-
About Al Masraf
Founded in 1976, under Federal Decree No. 50, signed by His Highness Sheikh Zayed Bin Sultan Al Nahyan, Al Masraf (Arab Bank for Investment & Foreign Trade) is a trusted UAE financial institution with a distinguished legacy of supporting trade, investment and economic development. Built on long-standing relationships, deep market expertise and a commitment to personalized service, the Bank serves corporations, businesses, individuals and families through tailored financial solutions designed to meet their evolving needs.
Guided by its promise of “Empowering Future Legacies,” Al Masraf is advancing a new phase of growth focused on deepening client relationships, enhancing banking experiences and delivering future-ready financial solutions. As a progressive, connected and trusted financial partner, the Bank combines proven expertise with responsible innovation to create lasting value for clients, support sustainable prosperity and contribute to the UAE’s long-term economic ambitions.
The Bank delivers integrated banking solutions through its Wholesale Banking and Retail Banking franchises, combining sector expertise, relationship-led Corporate and Financial Institutions coverage, transaction banking, financing, capital solutions and risk management capabilities to support clients’ growth ambitions and contribute to the UAE’s economic development. For more information, visit www.almasraf.ae.