Mawarid signs up as Al Nasr sponsor

Mohammed Al Naiami, CEO of Mawarid Finance, described the agreement as part of a wider company plan to support sport in the UAE.

"Our vision focuses on serving the diverse sectors of UAE society, concentrating largely on youth and providing them the ideal opportunities to be pioneers in all fields," he said.

"Sponsoring Al Nasr Sport Club is the best choice for achieving our goals in sport, and will assist in enhancing the club's role at local and regional levels."

Ali Ibrahim, Vice President of Al Nasr, said the deal will contribute to strengthening Mawarid's relationship with the fans of Al Nasr Club as well sports supporters throughout the UAE.

"Since being launched, Mawarid has proved its great commitment to the local community by supporting and enhancing the role of young Emiratis in all fields including sports," he added.

Mawarid Finance is a new private joint stock company established in Dubai, UAE, towards the end of 2006 with a paid-up capital of one billion dirhams, providing innovative sharia'a-compliant financial products and services.