Al Tomooh Scheme is the first of its kind in the UAE and the region. It was launched by Emirates Bank an Emirates NBD Company in order to provide interest free financing facilities to the emerging projects established by local youth who would like to join the business world and start their own commercial, industrial and service enterprises.
The Scheme has given its approval for financing 100 projects owned by UAE nationals from various emirates, out of which 34 projects have fully settled the loan amounts. This huge number of financed projects is considered as an added value to the national economy and a remarkable achievement which shall be enhanced by the Scheme directors so that it could be benefited by all sectors of the society.
Mr. Jawdat Hawas, Manager of Al Tomooh Scheme referred to the fact that the Scheme has spent about Dhs32m in financing projects which were just dreams and have come true.
In view of the Scheme's keen on the quality of the financed projects, Mr. Jawdat Hawas confirmed that the Scheme endeavors to finance more professional and craftsman projects in the coming period so that it may cover important sectors of the economic activities which are in need of UAE people. The Scheme will also make continuous studies of the requirements of the economic market in order to explore its demands and find the sectors which lack locals
Mr. Jawdat Hawas explained the role of Emirates Bank an Emirates NBD Company and its efforts in supporting the charity, educational, cultural, environmental, social and sporting activities relevant to serving the society.
Al Tomooh - Finance Scheme for Small National Business was established as one of the social services rendered by Emirates Bank an Emirates NBD Company. The Scheme has financed a big number of important projects which were in need of UAE nationals such as law offices, construction engineering, mechanical engineering, medical clinics, financial audit and consultants ... etc.
Browse
related articles
Al Tomooh Scheme participates in Middle East Companies' Social Responsibility Conference
- United Arab Emirates: Thursday, November 29 - 2007 at 15:34
- PRESS RELEASE
Related content
As one of the social services provided by Emirates Bank an Emirates NBD Company, Al Tomooh Scheme has participated in the Middle East Companies' Social Responsibility Conference held under the patronage of H. E Mariam Al Romi, Minister of Social Affairs.
Article Options
Log in to request more information from Emirates Bank Group
Posted by Lara Lynn Golden, News EditorThursday, November 29 - 2007 at 15:34 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.
Notes and Media Contacts »
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of Mediaquest FZ LLC. Mediaquest FZ LLC is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
