Sharjah-based InvestBank has opened a second subsidiary bank, Al Imdad to specialise in trade financing and supply chain logistics for traders and manufacturers.

The company will provide logistical and financial support to small and medium-sized enterprises in the trade and manufacturing sectors.

Mohamad Shahin, Al Imdad’s chief executive officer says that the new subsidiary will facilitate trade operations for clients through providing complete solutions, including financing, warehousing and delivering the goods to market. All of which will allow clients to focus on producing and ,or selling the goods, and in turn growing their businesses.