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TMCNet:  EDB board holds 5th meeting [Emirates News Agency (WAM) (United Arab Emirates)]

[December 25, 2013]

EDB board holds 5th meeting [Emirates News Agency (WAM) (United Arab Emirates)]

(Emirates News Agency (WAM) (United Arab Emirates) Via Acquire Media NewsEdge) ABU DHABI, 25TH December 2013 /WAM/ - The Board of Directors of the Emirates Development Bank held its 5th meeting here on Wednesday which was presided over by its Chairman Khalid Mohamed Balama.


The board members discussed the bank's strategy and ranges of services and products offered, including funding Small and Medium-sized Enterprises /SMEs/ and housing projects. They also discussed a proposed plan to facilitate financing projects to build 10,000 housing units and 2,000 SMEs projects at a total value of AED 5 billion.

The projects are expected to help create more than 32,000 job opportunities in the next five year.

(c) 2013 Emirates News Agency (WAM) Provided by Syndigate.info, an Albawaba.com company

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