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Khalifa Fund inks MoU with UAE C.bank

Khalifa Fund inks MoU with UAE C.bank
The agreement will promote financial relations

Abu Dhabi – Mubasher: Khalifa Fund for Enterprise Development (KFED) has signed a memorandum of understanding (MoU) with the Central Bank of the UAE (CBUAE) to activate debit services for the fund’s clients through the bank.

Under the MoU, the KFED will be able to withdraw any due payment from the bank accounts of its clients on a monthly basis, according to an official statement.

The agreement will promote the financial relations between business owners and the KFED, and reduce the costs of projects.