Shams and Mashreq Bank: empowering UAE entrepreneurs

This collaboration comes as part of Shams' ongoing efforts to enhance the entrepreneurial ecosystem and provide innovative solutions that facilitate entrepreneurs' establishment and expansion.

The MoU seeks to simplify the entrepreneurial journey by combining Shams' licensing and support services with Mashreq Bank's leading digital expertise in providing corporate banking solutions.

Integrated services

 Through this partnership, entrepreneurs will receive an integrated package of services, including business licenses, financial solutions, and digital tools specifically designed to support the growth of startups and small and medium enterprises.

Ahmed Al Noman, Director of Finance at Sharjah Media City (Shams), said that the partnership with Mashreq Bank reflects Shams’ ongoing commitment to empowering small and medium-sized enterprises and entrepreneurs. By combining Shams supportive ecosystem with Mashreq’s innovative digital services, Shams is providing an integrated path that makes it easier for entrepreneurs to establish, grow, and achieve success in the UAE.

Supporting business in the UAE

Raj Tatvarty, Head of Digital Products and Services, Business Banking and Mashreq Neo Biz, said that the bank is delighted to partner with Sharjah Media City to enhance opportunities for SMEs in the UAE. This collaboration reflects Mashreq’s unwavering commitment to supporting this segment of businesses that form the backbone of economies. By leveraging Mashreq’s leading digital banking services, the bank aims to provide seamless, fast, and innovative solutions that enable these businesses to grow smarter, scale faster, and achieve sustainable long-term success.

UAE, global hub for entrepreneurship and innovation

The MoU was officially signed during an exclusive networking event hosted by Shams in collaboration with Tablon, a platform specializing in connecting investors with startups and SMEs. The event was widely attended by entrepreneurs, startup leaders, and industry experts.

Mashreq Bank also participated in a panel discussion that addressed prospects for collaboration and a shared vision to support innovation and entrepreneurship. Through this initiative, Shams affirms its commitment to continuing to develop a stimulating business environment, in collaboration with its strategic partners, enhancing the UAE's position as a global hub for entrepreneurship and innovation.