CURRENT AFFAIRS

Detailed explanation-1: -Zand, a digital bank helmed by Dubai businessman Mohamed Alabbar, has won the backing of investors such as Franklin Templeton and Aditya Birla Group as it seeks to seize on opportunities thrown up by fintech.

Detailed explanation-2: -Its shareholders include distinguished names such as the Aditya Birla Group (Solfrid Investments Pte. Ltd), Al Hail Holding LLC, Al Sayyah and Sons Investments LLC, Franklin Templeton, Global Development Group, Mohamed Alabbar, Lulu Group chairman and managing director, Yusuff Ali M. A., and Olivier Crespin himself.

Detailed explanation-3: -How many branches does Mbank UAE have? Al Maryah Community Bank is the first digital and community bank in the UAE. All transactions are paperless and processed digitally. Our innovation hub is at 454, Shakhbout Bin Sultan Street, Abu Dhabi, UAE, and our Dubai smart hub is at the Mall of the Emirates.

Detailed explanation-4: -Zand Bank PJSC, the first digital and fully licensed bank to provide both retail and corporate services, has announced a leadership change with Olivier Crespin, co-founder and CEO, moving on to pursue other interests with effect from October 5, 2022. Mr.