Strategic partnership between "Edge" and"Abu Dhabi I" To build a flexible financial system

2 days ago

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Abu Dhabi, June 11 / WAM / Edge Group, the world leader in the field of advanced technology and defense, has signed a strategic partnership agreement with Abu Dhabi First Bank, which covers two main financial initiatives, including the implementation of a solution to the advanced supply chains financing at Abu Dhabi Bank I and the application of the treasury management system enhanced by artificial intelligence.

Hamad Al -Murr, Managing Director and CEO of Edge Group, said that the partnership with the first Abu Dhabi Bank is a strategic possibility to meet the ambitions of Edge Industrial Group, as this partnership enhances the financial structure required to work on the widest and flexibility.

For his part, Martin Triko, head of banking services for companies and institutions at the first Abu Dhabi Bank Group, said that Abu Dhabi Bank’s first partnership with Edge Group represents a step forward towards building a more flexible system for suppliers, noting the importance of effective cash flow and financing supply chains as essential workers for sustainable business models.

Through the digital solution to finance supply chains from Abu Dhabi First Bank, Edge provides local and international suppliers to early and low -cost financing, which enhances the confidence of suppliers, improves commercial conditions, and guarantees continuity through the most important operations.

The Edge app for the treasury management system enhanced by artificial intelligence from Abu Dhabi Bank I is the greatest dependence to this day, and the solution provides immediate monetary visions, advanced forward -looking capabilities, and integrated tools for risk management, which enables Edge to automate treasury and improve liquidity across the group.

The platform provides protection from the risk of interest rates and foreign exchange rates, in parallel with improving financial flexibility and planning for investment and financing.

Rodrigo Torres, head of financial affairs for Edge Group, said that the partnership embodies the commitment of Edge to integrate development and financial innovation at the heart of its operations, expressing his confidence that integrating the advanced supply chains financing platforms and the artificial intelligence treasury management system from the first Abu Dhabi Bank will enable the group to improve the flow of liquidity and the performance of suppliers and enhance its capabilities to manage risks and continue growth Confidently.

He added that until today, bills have been treated with a value of more than 1.6 billion dirhams, which liberated more than 1.2 billion dirhams of financing outside the public budget, noting that these solutions can immediately monetary control, smart supervision, and the strongest financial governance across the group as a whole, and all of these factors are necessary elements to support the strategy of their growth and long -term industrial goals.