ADNOC-Comera Partnership Supports UAE Supplier Funding
ADNOC has signed a strategic partnership with Comera Financial Holdings to enhance financial access for small and medium-sized enterprises (SMEs) and suppliers based in the United Arab Emirates (UAE). The collaboration will launch a financing program, enabling SMEs and suppliers to access working capital more efficiently to facilitate faster delivery of ADNOC purchase orders (POs).
The initiative will boost access to liquidity, while enabling scalable operations and sustainable growth for suppliers and SMEs. The partnership reinforces ADNOC’s commitment to supporting local businesses and advancing the economic diversification of the UAE by providing practical solutions that empower SMEs to thrive and compete globally.
Khaled Al Zaabi, Chief Financial Officer of ADNOC Group, stated: “ADNOC’s partnership with Comera Financial Holdings provides best-in-class financing solutions, converting purchase orders into immediate funding. The partnership will improve liquidity, strengthen agility, and accelerate business growth. This is proof of ADNOC’s commitment to further advancing a diversified economy by supporting the SME ecosystem, strengthening the resilience of our local supply chains, and delivering the greatest value in the country for the UAE.”
As part of the agreement, ADNOC and Comera Financial Holdings will create a smart, automated platform that directly connects SMEs and suppliers who have received contracts from ADNOC to support from lending institutions.
Akhtar Saeed Hashmi, Executive Director and Group CEO at Comera Financial Holdings, stated: “Our partnership with ADNOC marks a historic step in how supply chains are financed in the region. As part of the Abu Dhabi Royal Group, Comera Money brings the strength, scale, and vision needed to deliver world-class financial innovation. By providing access to capital for the community, we are offering suppliers the opportunity to deliver faster, grow stronger, and innovate fearlessly. With ADNOC, we are building an enablement model that will set new benchmarks for supply chain financing, not only in the UAE but also in global markets.”
ADNOC’s partnership with Comera Financial Holdings supports the economic and industrial growth of the UAE and ADNOC’s In-Country Value (ICV) program, which continues to drive local manufacturing, job creation, and competitiveness in the private sector.