Adnoc has entered into a strategic alliance with Comera Financial Holdings to improve financial access for UAE-based small and medium enterprises (SMEs) and suppliers. This collaboration will introduce a financing program, allowing SMEs and suppliers to access working capital more efficiently, thereby expediting their ability to fulfill Adnoc purchase orders (PO).
This initiative will enhance liquidity access, support scalable operations, and promote sustainable growth for suppliers and SMEs. The partnership underscores Adnoc’s dedication to supporting local businesses and advancing the UAE’s economic diversification by providing practical solutions that empower SMEs to succeed and compete on a global scale.
Khaled Al Zaabi, Adnoc Group’s chief financial officer, noted that the partnership with Comera Financial Holdings provides top-tier financing solutions that enable UAE suppliers and SMEs to unlock working capital by converting purchase orders into immediate funding. “It will improve liquidity, boost agility, and drive business growth. This reflects Adnoc’s commitment to advancing 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.”
As part of the agreement, Adnoc and Comera Financial Holdings will develop an intelligent, automated platform to directly connect SMEs and suppliers awarded Adnoc contracts with lender support.
Akhtar Saeed Hashmi, managing director and group CEO of Comera Financial Holdings, stated: “Our partnership with Adnoc represents a significant advancement in regional supply chain financing. As part of Abu Dhabi’s Royal Group, Comera Money offers the strength, scale, and vision to deliver world-class financial innovation. By providing capital access to the community, we unlock opportunities for suppliers to deliver more rapidly, grow stronger, and innovate fearlessly. Together with Adnoc, we are creating an empowerment model that will set new benchmarks for supply chain finance, not only in the UAE but globally.”
The Adnoc – Comera Financial Holdings partnership supports the UAE’s industrial and economic growth and Adnoc’s In-Country Value (ICV) Programme, which continues to boost local manufacturing, job creation, and private-sector competitiveness.
