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QIB Enters a Strategic Partnership with Ibn Ajayan Trading
Group
October 08, 2017
Qatar Islamic Bank (QIB) announced that it has entered a
strategic partnership with Ibn Ajayan Trading Group. Under the
terms of the deal, QIB will be the preferred financing partner
for the Qatar-based equipment dealer. Senior executives from
both organizations gathered at the Bank’s corporate headquarters
in Doha for the official signing, with Mr. Ajayan Mahdi AL
Ahbabi, Ibn Ajayan Trading Group CEO and Mr.Mazen Al Thalathini,
Assistant General Manager, Wholesale Banking Group, representing
QIB.
As
part of the agreement, customers of Ibn Ajayan Trading Group who
would like to purchase new equipment are entitled to use the
Bank’s attractive Fleet and Heavy Equipment financing scheme.
QIB’s Fleet and Heavy Equipment Financing package, a collection
of products and services designed specifically for small and
medium enterprises (SMEs). Through its Aamaly program, QIB
supports the growth of SMEs, thus helping to diversify the
country’s economy in line with Qatar National Vision 2030.
“We are pleased to be partnering with Ibn Ajayan Trading Group.
This new relationship enhances the value of QIB’s Aamaly program
and makes it easier for SMEs to expand their businesses in the
growing Qatar market,” said Tarek Fawzi – General Manager of
Wholesale Banking, QIB.
The Fleet and Heavy Equipment Financing proposition, which
features competitive rates, offers SMEs a convenient way to
finance the purchase of vehicles for commercial use. The program
features quick turnaround, flexible down payments, and variable
instalment options for financing of up to 48 months. Financing
is also available to registered companies in Qatar whose primary
activities include transportation, construction, contracting,
Rentals, trading, service, logistics, or manufacturing.
Commenting on the agreement, Mr. Ajayan Mahdi AL Ahbabi, Ibn
Ajayan Trading Group CEO, said: “Our partnership with QIB will
simplify the process for acquiring and financing new commercial
vehicles, trucks, cranes, concrete pumps and heavy equipment,
making it more convenient than ever for our customers to obtain
the equipment they need.”
Ibn Ajayan Trading Group is a leading company in the field of
equipment and heavy vehicles providing support to clients in
construction, infrastructure and logistics. Ibn Ajayan Trading
Group also offers a complete range of equipment from the world’s
leading brands, including IVECO Trucks.
“QIB is committed to supporting the growth and diversification
of the country’s economy,” continued Fawzi. “We are pleased to
be working with Ibn Ajayan Trading Group, which has such deep
ties in the community, to support the development of local
SMEs.”
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