Emirates Development Bank Celebrates the Spirit of Ramadan with Iftar Gathering to Support Manufacturing Sector

Dubai, UAE, 20 March 2025: In the spirit of Ramadan and as part of its 'UAE Develops with Kindness' campaign, Emirates Development Bank (EDB) hosted an Iftar gathering that brought together over 300 members of the Scandinavian Papers Factory alongside EDB’s CEO and management.

Scandinavian Papers Factory, a leading paper manufacturer supported by EDB, plays a vital role in the UAE’s manufacturing sector. The Iftar served as an opportunity to celebrate the community, express gratitude, and strengthen ties with those driving the UAE’s industrial development.

This gathering aligns with EDB’s broader commitment to social responsibility, reflecting the UAE’s 'Year of the Community.' By engaging directly with workers and leaders in the manufacturing sector, EDB reinforces its mission to empower businesses that are essential to the UAE’s economic growth.​

H.E. Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank, commented: "Ramadan is a time of compassion, gratitude, and reflection — values that align closely with EDB’s commitment to strengthening communities and building a better future. Through our 'UAE Develops with Kindness' campaign, we aim to support the people and industries that are essential to the UAE’s economic and social prosperity. Our Iftar gathering with the Scandinavian Papers Factory team reflects this commitment, uniting people through shared values and meaningful connections."

As the first local bank in the UAE to receive Great Place to Work® certification, EDB cultivates a high-trust, high-performance culture. This commitment to building strong connections has been instrumental in developing meaningful partnerships within these key strategic sectors including manufacturing.

The 'UAE Develops with Kindness' campaign is a series of initiatives designed to promote social impact and strengthen communities across the UAE. Earlier in the campaign, EDB partnered with Emirates Red Crescent to pack and distribute food boxes, ensuring families across the UAE had access to essential supplies during Ramadan.

As a key financial engine for the UAE’s industrial development, EDB’s ongoing support for mission-critical sectors such as manufacturing reflects its core role in driving economic growth through strategic partnerships. Through meaningful initiatives like this Iftar gathering, EDB continues to build lasting connections with the industries and people shaping the nation's future.