Qualco Group has entered into a strategic partnership with United Arab Bank, one of the most established and trusted banking institutions in the United Arab Emirates.

As part of this collaboration, Qualco Group’s technology arm and United Arab Bank will implement QUALCO ProximaPlus, a cutting-edge solution designed to enhance the bank’s Supply Chain Finance (SCF) operations.

By transitioning to QUALCO ProximaPlus’ fully integrated digital platform and automated processes, United Arab Bank will be able to expand and optimise its services, better address evolving market needs, improve cash flow and liquidity management, and enhance the overall customer experience.

With a vision to create state-of-the-art technology solutions that drive positive change, Qualco Group develops and exports financial technology across 30+ countries in Europe and the Middle East. In the Middle East specifically, the Group serves 11 banking and financial sector clients across five countries (UAE, Bahrain, Saudi Arabia, Jordan, and Egypt).

Ioannis Maniadakis, VP New Ventures, Qualco, stated:
“The UAE is a region with significant innovation potential. At Qualco Group, we take pride in partnering with leading banking institutions in this rapidly evolving market. Our collaboration with United Arab Bank reflects our commitment to delivering efficient and scalable solutions that address industry needs and create lasting value for our clients and their markets.”

George Koukis, International Business Development Director, Qualco, added:
“We are excited to support United Arab Bank with our technology, enabling scalability and faster market entry for new SCF products. Additionally, we enhance transparency, facilitating real-time communication between the bank and its customers. This partnership aligns with our strategic focus on the Gulf Cooperation Council (GCC), Middle East, and North Africa (MENA) regions, where we are actively investing in growth and expansion.”

Nael Mourad, Head of Wholesale Banking United Arab Bank, commented:
“Our partnership with Qualco Group will help us provide clients with real-time insights, seamless communication, and flexible SCF solutions. Moreover, this collaboration improves access to cost-effective financing while strengthening relationships between corporate buyers and suppliers, enhancing the resilience of supply chains in the UAE market.”

Niraj Kumar, Head of Global Transaction Banking United Arab Bank, added:
“At United Arab Bank, we understand that effective cash flow management is essential for businesses operating in the UAE. QUALCO ProximaPlus addresses this need by offering uninterrupted financing solutions that enhance customer experiences and benefit all stakeholders. This aligns with our vision of continuously improving client