DIB Bank Kenya, a subsidiary of Dubai Islamic Bank PJSC (AE), is set to strengthen its presence in Kenya with a focus on supporting Small and medium-sized enterprises (SMEs) and promoting trade between Kenya and the United Arab Emirates (UAE).
The bank recently relocated its Sarit Branch to a more central location within one of Kenya's busiest malls, aiming to enhance customer service and accessibility.
Dr. Steve Mainda, a Board Member of DIB Bank Kenya, emphasized the bank's strategic position to facilitate trade between Kenya and the UAE.
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He expressed confidence in the bank's ability to foster investment, regional trade, and economic cooperation by providing innovative financial solutions tailored to the unique requirements of businesses operating between the two countries.
"With our Group office based in UAE, we are strategically positioned to facilitate trade between Kenya and the UAE. Our objective is to continue fostering investment and consumption drivers that accelerate local economic growth, encourage regional trade, and enhance economic cooperation. We will continue to provide innovative financial solutions tailored to the unique requirements of businesses operating between Kenya and the UAE," Dr. Mainda said.
Dr. Khalifa AlRayssi, the Charge d'affaires at the UAE Embassy in Kenya, reaffirmed the UAE's commitment to strengthening bilateral trade with Kenya.
He acknowledged the promising investment, business, and financial relationship between the two nations, emphasizing their collaborative efforts in driving economic growth and prosperity.
Dr. AlRayssi also highlighted the crucial role of the financial sector in facilitating business and investment between Kenya and the UAE, thanks to the robust banking systems in both countries.
"The investment, business, and financial relationship between Kenya and the UAE hold immense promise for both nations. Through the strong partnership, these countries have leveraged their unique strengths to drive economic growth, create employment opportunities, and promote prosperity," Dr Khalifa AlRayssi said.
"The financial sector plays a vital role in facilitating business and investment between Kenya and the UAE. Both countries have established robust banking systems, providing a solid foundation for cross-border financial transactions. The presence of the UAE banks in Kenya has enhanced access to financial services and fostered greater economic integration between the two nations."
The relocation of the Sarit Branch is part of DIB Bank's ongoing commitment to enhancing banking services, providing convenience, and meeting the growing demand for Shariah-compliant products and services.
Ms. Kagucia, the Managing Director/Acting CEO of DIB Bank Kenya, expressed delight in the move and the bank's dedication to serving customers.
She emphasized the bank's focus on customer experience, expanding its network, and strengthening its presence in Kenya.
The Sarit Branch aims to be an information hub for Shariah Banking and provide a wide range of Sharia-compliant financial solutions and personalized services.
DIB Bank Kenya's expansion efforts demonstrate its commitment to supporting SMEs and fostering economic growth in Kenya while promoting stronger trade ties between Kenya and the UAE.
The bank's strategic relocation within a bustling mall aims to enhance accessibility and cater to the evolving needs of customers.