Reem Finance becomes Reem Bank in UAE

Reem Finance has finished its conversion into Reem Bank (RB), aft receiving a assemblage banking licence from the Central Bank of the UAE (CBUAE), according to a property merchandise posted connected Zawya.

Reem Bank is licensed and regulated by the CBUAE and sits wrong Judan Financials’ portfolio, IHC’s fiscal services platform.

Reem Bank is simply a integer slope based successful the UAE and acceptable up to service retail customers, households, tiny and medium-sized enterprises, fintech companies, integer wallets and communities with constricted entree to banking services.

It volition run arsenic an unfastened fiscal platform, utilizing Banking-as-a-Service infrastructure, API-based fintech links and integer onboarding to link customers, companies and wider networks.

Sara Al Binali has been appointed arsenic the main enforcement for the integer bank.

She has served arsenic a committee subordinate astatine Reem Finance since 2015 and antecedently held elder positions successful firm and planetary banking astatine First Abu Dhabi Bank, including radical caput of corporate, commercialized and planetary banking.

Binali said: “Reem Bank enters this section with thing rare: a genuine licence to reimagine. Our committedness is straightforward: To physique a slope that earns its spot successful people's lives by being simple, profoundly trusted, and relentlessly forward-looking.”

She volition oversee the bank’s adjacent signifier of development.

Seraj Tariq Faidi, who led Reem Finance arsenic main enforcement for much than 10 years, is acceptable to go lawman CEO of Reem Bank, taxable to regulatory formalisation.

He oversaw the company’s displacement into a licensed assemblage slope and expanded its lawsuit basal to astir 300,000.

Judan Financial, established successful 2026 and based successful Abu Dhabi, is simply a planetary fiscal services concern institution and a subsidiary of IHC.

The institution oversees much than 20 fiscal services businesses successful implicit 13 countries. Together, they service much than 11 cardinal clients and negociate assets worthy much than Dh870bn ($235bn).

"Reem Finance becomes Reem Bank successful UAE" was primitively created and published by Retail Banker International, a GlobalData owned brand.

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