Move to empower its UAE suppliers and SMEs with smart financing solutions
ADNOC has signed a strategic partnership with Comera Financial Holdings to enhance financial access for ADNOC’s UAE-based small and medium enterprises (SMEs) and suppliers.
The collaboration will launch a financing program, enabling SMEs and suppliers to access working capital more efficiently to enable them to deliver on ADNOC purchase orders (PO) more swiftly.
The initiative will boost access to liquidity while enabling scalable operations and sustainable growth for the suppliers and SMEs. The partnership reinforces ADNOC’s commitment to supporting local businesses and advancing the UAE’s economic diversification by providing practical solutions that empower SMEs to thrive and compete globally.
Financing solutions
“ADNOC’s partnership with Comera Financial Holdings provides best-in-class financing solutions that will enable our UAE suppliers and SMEs to unlock working capital by converting purchase orders into immediate funding. It will enhance liquidity, strengthen agility, and accelerate business growth,” commented Khaled Al Zaabi, ADNOC Group Chief Financial Officer.
As part of the agreement, ADNOC and Comera Financial Holdings will create an intelligent, automated platform that directly connects SMEs and suppliers awarded ADNOC contracts to lender support.
Historic leap
“Our partnership with ADNOC marks a historic leap in the way supply chains are financed in the region. As part of Abu Dhabi’s Royal Group, Comera Money brings the strength, scale, and vision needed to deliver world-class financial innovation,” remarked Akhtar Saeed Hashmi, Managing Director & Group CEO, Comera Financial Holdings.
The ADNOC–Comera Financial Holdings partnership supports UAE’s industrial and economic growth and ADNOC’s In-Country Value (ICV) Program, which continues to boost local manufacturing, job creation, and private-sector competitiveness, a press release concluded.
