In a step reflecting integration between the banking and commercial sectors in serving the community, Hadramout Bank signed a memorandum of understanding with Rawashin Trading & Investment Co. Ltd. The agreement was signed on behalf of Hadramout Bank by its Chief Executive Officer, Mr. Abdulnasser Noman Al-Hajj, and on behalf of Rawashin Trading & Investment by its General Manager, Mr. Omar Saeed bin Masfir. The strategic MoU aims to develop innovative living solutions and flexible financing facilities for citizens. This memorandum comes as a continuation of the qualitative leap recently achieved by Hadramout Bank in the banking sector and its agreements with governmental entities and salary-disbursing companies. These efforts align with Rawashin’s activity and expertise in providing essential needs to citizens. Under this cooperation, employees will be able to obtain all their basic food requirements from Rawashin before the disbursement of their monthly salaries, with the bank authorized to settle the amounts later upon salary payment. Both parties clarified that the service is not limited to employees only; it will also extend to all bank customers who wish to benefit from these facilities. This provides citizens with continuous purchasing power throughout the month. The cooperation primarily aims to ease living burdens on families, secure essential needs at any time, and offer flexible repayment mechanisms without imposing any interest on employees—thereby contributing to strengthening social stability and stimulating commercial activity in the local market. The signing ceremony was attended by Sheikh Saeed Salem bin Qiran, Chairman of the Board of Directors of Hadramout Bank, and Dr. Rabie Ali Al-Awdani, Member of the Board of Directors of Hadramout Bank.
