NBQ Partners with CIM Steel to Finance Industrial Expansion in UAE

National Bank of Umm Al Qaiwain (NBQ) has signed a strategic partnership agreement with CIM Steel Industry LLC to provide a suite of financial solutions and credit facilities. The agreement is designed to support the steel manufacturer’s operational requirements and facilitate its expansion within the UAE’s industrial sector. Financing for Industrial Operations The partnership provides CIM Steel with access to corporate banking services, including working capital financing and trade finance products. These facilities will enable the company to manage its supply chain and production cycles more efficiently as demand for structural steel increases in the local construction market. Adnan Al Awadhi, Chief Executive Officer of NBQ, confirmed that the bank’s strategy focuses on providing liquidity to essential industrial players to drive regional economic activity. CIM Steel Industry LLC operates a major manufacturing facility in Umm Al Quwain, specializing in structural steel fabrication and processing. The company serves large-scale infrastructure projects across the UAE. The new credit lines from NBQ are expected to increase the firm's production capacity and allow for the…