ABU DHABI, February 11, 2021 (WAM) – The Abu Dhabi Development Fund (ADFD) has granted AED 53 million in preferential financing to Bloom Education, making the company one of the first beneficiaries of the initiative of AED 1 billion launched last year.
The campaign aimed to help national companies operating in vital economic sectors.
The agreement was signed by Mohamed Saif Al Suwaidi, Director General of ADFD; and Dr. Rashid Khalfan bin Amer Althakhri, a member of the Board of Governors of Brighton College in the United Arab Emirates, operated by Bloom Education, in the presence of Khalifa Al Qubaisi, Deputy Director General of ADFD, as well as other officials representing both sides.
Commenting on the occasion, Al Suwaidi said: “We are pleased to extend our support for Bloom Education. Education is of vital importance to us, especially as the UAE is focused on building a knowledge economy.”
He said the initiative was in line with the directives of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister for Presidential Affairs and Chairman of the ADFD Board of Directors, to enable domestic companies to maintain their performance and improve their operations. . .
“The Fund places the national economy as a top priority,” Al Suwaidi added. “Emirati businesses are the key drivers of our economy and we are committed to supporting them. We will ensure that they maintain their performance and emerge stronger. Their success is the success of the UAE as well as our achievement.”
Dr. Rashid expressed his gratitude to ADFD, stating that the Fund’s contribution is important to the work of Bloom Education. “This is recognition of our continued effort to strengthen the UAE’s education sector. The funding will help us perform better as we make bigger plans for the future. It also comes at the right time, because it supports assistance in difficult situations. that we have given to many of the families of our students who have been affected by COVID-19. This help allowed the students to continue their studies with us. “
Translated by / Samar Mohamed Reda.
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