In order to focus on the precious metals and jewellery sectors, the National Bank of Fujairah, has formally opened its branch at the DMCC complex. The bank says it has already brought on board industry experts in order to provide a range of trade finance and treasury products that are all highly tailored to client needs. It adds that the unit has over 70 clients and has become profitable within a year of commencing operations. 

The dignitaries present at the opening included Ahmed Bin Sulayem, Executive Chairman of DMCC; Hussain Mirza Al Sayegh and Abdulla Fareed Al Gurg, both NBF board members and Vince Cook, CEO, NBF, Gautam Sashittal, DMCC CEO and Vikram Pradhan, NBF’s Head of Corporate & Institutional Banking.