EtihadWE, Ajman Bank to support National Development Goals

Etihad Water and Electricity and Ajman Bank Sign Strategic Agreement to Support National Development Goals

Ajman, UAE – 10 September 2025: Etihad Water and Electricity (EtihadWE), the federal entity responsible for supplying water and electricity in the Northern Emirates, has signed a strategic agreement with Ajman Bank to strengthen cooperation in alignment with the UAE’s national development priorities.

The agreement reinforces EtihadWE’s long-term development plans, with a shared focus on infrastructure resilience, sustainability, and efficient project delivery.

The signing ceremony was attended by Eng. Yousif Ahmed Al Ali, Chief Executive Officer of Etihad Water and Electricity, and Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank, along with senior representatives from both institutions.

Eng. Yousif Ahmed Al Ali, CEO of Etihad Water and Electricity, said: “Joining forces with Ajman Bank supports our mission to accelerate the implementation of vital infrastructure projects across the Northern Emirates. By aligning financial expertise with operational strategy, we are better equipped to deliver sustainable, future-ready services that meet the evolving needs of our communities”.

Through this agreement, both organizations aim to implement innovative financing frameworks that enable the timely delivery of strategic infrastructure—while reinforcing their shared commitment to institutional resilience, operational excellence, and sustainable growth.

Mustafa Al Khalfawi, CEO of Ajman Bank, commented: “Our collaboration with EtihadWE reflects the power of alignment between national institutions working toward a common mandate. At Ajman Bank, we remain committed to enabling infrastructure that supports the UAE’s long-term development journey, delivers value to its people, and strengthens the foundations for future generations”.

This agreement underscores the importance of public-private partnership in shaping the nation’s strategic infrastructure landscape and advancing long-term development goals across the Emirates.

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About Ajman Bank

Ajman Bank is an Islamic bank with an ambitious vision based on values ​​of integrity, trust and transparency seeks to provide a wide range of Sharia-compliant and high-quality banking services to customers from individuals, companies and government institutions across the UAE. It is also keen to be updated with the latest technology that will ensure customers a distinctive experimental banking with the revival of human touch that is lost in the modern era of banking application.

Ajman Bank is headquartered in Ajman and enjoys the strong support of the Government of Ajman and is a key pillar in the emirate’s economic development strategy. The bank continues its tireless efforts to establish a prominent position in the banking sector as a sustainable Islamic banking institution, with an emphasis on the need to achieve an optimal balance in the community and caring staff, in order to provide real value for shareholders and customers alike.