Emirates Development Bank (EDB)
Ahmed Alnaqbi serves as the Chief Executive Officer at Emirates Development Bank since May 2021. Prior to this role, Ahmed held the position of Managing Director for Infrastructure & Transformation Global Markets at First Abu Dhabi Bank from April 2017 to May 2021, where responsibilities included serving as Chief Operating Officer for the Global Markets Division. Ahmed's extensive experience at National Bank of Abu Dhabi spanned over a decade, during which key positions included Managing Director of the Risk Management Division, Managing Director of Real Estate and Family Conglomerates, and leading various sub-divisions focused on retail banking and strategic business innovation. Ahmed is an alumnus of Harvard Business School, holding an Executive Education degree in General Management, and also graduated from Virginia Tech.
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Emirates Development Bank (EDB)
Emirates Development Bank (EDB) is the UAE’s development bank, a key financial engine for the economic development and industrial advancement of the nation. Our mission is to foster a healthy, sustainable, and self-reliant economy through the provision of financing solutions to SMEs and corporates domiciled in the UAE and engaged in any of our five strategic priority sectors. These include advanced technology, food security, healthcare, manufacturing and renewables. Given its developmental mandate, the Bank is not-for-profit, offering patient capital and favourable financing terms to our clients. EDB provides direct financing solutions to all clients and also indirect financing solutions to SMEs through guarantees to our commercial banking partners. We go one step further by fostering the UAE entrepreneurship ecosystem with our unique digital banking product suite tailored to start-ups and also non-financial education and mentoring programmes aimed at advancing creditworthiness and financial literacy. As the UAE’s development bank, EDB seeks to attract and retain the best talent through a supportive culture and continuous professional development opportunities. The Bank’s employees are united by the shared commitment to develop the UAE economy, a goal which is embedded in every aspect of their work and fills them with a sense of pride. Emirates Development Bank’s vision is to be a key financial engine dedicated to the economic development and industrial advancement of the UAE.