ADNOC has entered into a strategic partnership with Comera Financial Holdings to improve financial access for small and medium enterprises (SMEs) and suppliers based in the UAE. The collaboration will introduce a financing program designed to help these businesses obtain working capital more quickly, allowing them to fulfill ADNOC purchase orders more efficiently.
The new initiative aims to increase liquidity for SMEs and suppliers, support their ability to expand operations, and promote sustainable growth. According to ADNOC, this effort is part of its broader commitment to support local businesses and contribute to the economic diversification of the UAE by offering practical solutions that enable SMEs to compete on a global scale.
Khaled Al Zaabi, Group Chief Financial Officer at ADNOC, stated: “ADNOC’s partnership with Comera Financial Holdings provides best-in-class financing solutions that will enable our UAE suppliers and SMEs to unlock working capital by converting purchase orders into immediate funding. It will enhance liquidity, strengthen agility, and accelerate business growth. This is testament to ADNOC’s commitment to further advance a diversified economy by supporting the SME ecosystem, strengthening the resilience of our local supply chains and delivering greater-in-country value for the UAE.”
Under the agreement, ADNOC and Comera Financial Holdings will develop an automated platform that directly connects SMEs and suppliers who have been awarded ADNOC contracts with lender support.
Akhtar Saeed Hashmi, Managing Director & Group CEO of Comera Financial Holdings said: “Our partnership with ADNOC marks a historic leap in the way supply chains are financed in the region. As part of Abu Dhabi’s Royal Group, Comera Money brings the strength, scale, and vision needed to deliver world-class financial innovation. By offering access to capital to the community, we are unlocking opportunities for suppliers to deliver faster, grow stronger, and innovate fearlessly. Together with ADNOC, we are building a model of empowerment that will set new benchmarks for supply chain finance, not just in the UAE but across global markets.”
This partnership supports both industrial growth in the UAE as well as ADNOC’s In-Country Value Program aimed at enhancing local manufacturing capabilities, creating jobs for citizens, and improving competitiveness among private sector companies.
