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Thursday, November 26 - 2009

2nd Young Businessmen Forum at Ras Al Khaimah receives an exclusive sponsorship from 'Mawarid Finance'

  • United Arab Emirates: Wednesday, March 19 - 2008 at 14:10
  • PRESS RELEASE

Under the honorable patronage of H. H. Sheikh Saud bin Saqr Al Qasimi, the Crown Prince and Deputy Ruler of Ras Al Khaimah, the "2nd Young Businessmen Forum" is being held and organized by the Ras Al Khaimah Economic development Authority, in cooperation with the Entrepreneurs Forum, from 23 - 28 March 2008, which has received great support and exclusive sponsorship from "Mawarid Finance".

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The forum will include three main activities: training sessions, workshops in managing projects, and marketing for entrepreneurs which will use local youth role models, who have achieved success in their businesses, to demonstrate management and marketing skills.

The highlight will be a commercial exhibition, featuring 20 small enterprises owners, which will provide a platform for marketing projects and will provide an interactive stage for businesses on Thursday 27 and Friday 28 March at Al Manar Center.

It will provide an opportunity for participants to sign contracts and finalize deals.

The idea of the interactive stage is provide a meeting place between a number of experienced businessmen, owners of special projects, managers of foundations and authorities in the public and private sectors, and young businessmen and small enterprise owners.

It will provide a platform for these established companies to support the young investors and enhance their businesses' processes.

Participants in the exhibition were carefully chosen to ensure diversity of participation between companies in a range of industries, including advertising, real estate and programming.

These companies will display their products and their services to the governmental and commercial companies and organizations.

As part of its mandate to be at the forefront of national organizations participating in improving local society, following the lead of their highnesses, the leaders of the Emirates and heads of local authorities, "Mawarid Finance", the pioneer company in Islamic Finance, announced its diamond sponsorship of this forum.

Rehab Lootah, head of business development and corporate communications at Mawarid Finance, said:

"Mawarid's sponsorship of this forum ensures the company's commitment to support the initiatives and activities that serve small and medium projects in the UAE, and to also play the role that all national organizations should play in supporting and improving local society. Our participation in this event reveals the company's deep belief in the importance of achieving targeted improvements in all development sectors".


Abdul Saheb Shaaban Sajwani, General Secretary of the Business Entrepreneurs' Forum said that the interactive stage, which will be part of the forum, received great support from the official sectors, which promised to initiate contracts with small enterprises owners during the exhibition.

He praised Mawarid's involvement: "On behalf of the committee of the Business Entrepreneurs' Forum, I want to express our gratefulness and thanks to Mawarid Finance for its generous sponsorship of this forum and for participating as partners in the forum. This sponsorship sends a message to small projects owners to achieve their ambitious dreams through the gate of Mawarid Finance".

Lootah added: "With the quick, advanced steps of economic development in all its fields, the sector of small and medium enterprises is witnessing great improvements and major advances in the UAE because this kind of project is one of the most effective factors on the local economy".

"Mawarid Finance has lots of products and Islamic financial solutions suitable for small and medium projects. Many experts in different fields at Mawarid will meet the participants at the forum and interact with them and advise them on the growth of their business, in addition to defining the company's financial solutions and available facilities for this sector, and especially for promising Emarati youth," Lootah said.

Lootah concluded: "This forum will be a perfect opportunity for us to increase our interaction with the business society, especially owners of developing projects in the UAE, assisting them in marketing their businesses and providing the needed support for them".

Mawarid Finance's initiatives to serve society are considered a continuous process that the company began by launching theTamaiaz Award to boost the competitiveness and creativity of new UAE graduates and senior university students.

This month, Mawarid played a key role in the National Career Fair Exhibition in Banking & Finance, which was held in Sharjah to support Emiratization in the banking and finance sectors in the UAE and attracting local young graduates for this sector, enabling them to enter the job-market by providing promising employment opportunities, training programs, and continuous preparation.
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Notes and media contacts

Mawarid Finance

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. The company plans to introduce a new vision within the Islamic finance sector to both retail and corporate customers in the region.
Mawarid Finance is the only finance company in the UAE that is completely independent. The company's shares are distributed across 352 shareholders, with companies or organisations owning not more than 5% each of the capital and no individual shareholder's stake exceeding 2.5%, giving the company the operational freedom to secure a leading position in the Islamic banking market in the UAE.
Mawarid Finance specialises in the competitive development of Sharia'a compliant financial services, focusing on rapid growth through outstanding customer service.
Mawarid Finance is structured as an integrated financial institution that specialises in providing all services related to finance and business, responsive to the rapid growth taking place in Dubai and modelled on the spectacular development of Dubai and the UAE as a whole.
Mawarid draws its strength from a solid vision for the future articulated by a team of leading industry professionals, a close-knit network of strategic partners and business associates, and the financial backing and support of well-established shareholders
Mawarid's mission is to create superior and exceptionally innovative Sharia'a- compliant products and services, sustaining high-quality performance and maximising market share to become the first choice provider of Islamic financial solutions in a modern business environment.

For more information, please contact:

Maysoon Baraky or Yasmine Al Husseiny
Milestones Marketing Communications
Dubai Media City - UAE
Tel: +971-4- 3914867
Fax: +971-4-3678097

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