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The UAE Cabinet approves the restructuring of the Board of Directors of the Emirates Development Bank under the chairmanship of HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, in light of the continuous enhancement of government entities.

The restructuring of the Board of Directors of the Emirates Development Bank for three years aims at enhancing the the economic and social development of the UAE.

The Emirates Development Bank specialties include facilitating the real estate credit allocated for the construction, maintenance and development of buildings prepared for private housing, financing projects and agricultural crafts and activities, financing housing and urban projects on behalf of the government as well as providing support to Emirati entrepreneurs by financing their growth projects.