- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 04:32 05:49 12:21 15:48 18:47 20:04
Mawarid Finance Group and Redha Al Ansari Exchange have signed a Memorandum of Understanding (MoU) to provide labour guarantees of the Ministry of Labour.
The agreement was signed by Mohamed Al Nueimi, CEO, Mawarid Finance, and Ali Redha Al Ansari, CEO, Redha Al Ansari Exchange.
The service offered has two major features namely, no processing charges from the customer and a fast-track process to deliver labour guarantee certificate to corporates.
Commenting on this agreement, Mohamed Al Nueimi, CEO, Mawarid Finance Group, said: "Offering labour guarantee through new channel partners minimizes cost and process time to complete government procedures; enhances and complements services we provide to our SME & Corporate customers. Signing this agreement with Redha Al Ansari Exchange is in line with our growth policies and market plan to build strategic partnerships and business relations which help us expand and offer our clients diverse portfolio of products and services. We shall continue building relationships with other financial institutions, government organizations to provide innovative products and services to our Retail Customers and SMEs".
Ali Redha Al Ansari said: "Based on this agreement, we shall provide the labour guarantees which is required by the Ministry of Labour and Social Affairs to issue employment permit to private sector employees. This service shall be provided in easy process, cost-effective and timely manner, through all our branches spread in UAE. Most prominently the social importance of Labour guarantee is something which drives Redha Al Ansari to part with such an initiative. The customer’s perception about Redha Al Ansari Exchange as the “perfect partner for Money transfer & payment solutions” is always a source of pride and driving force to keep up the pace in the industry, and this is one another addition to the array of our services to keep this perception vivid”.
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