ADIB teams up with NWTN to support EV financing

Abu Dhabi Islamic Bank (ADIB) has signed a Memorandum of Understanding (MoU) with NWTN, the UAE-based electric car manufacturer, to be the first bank in the UAE to provide financing for the purchase of the Rabdan One. 

The signing, which took place at NWTN’s stand at Cop 28, marks a pivotal collaboration between ADIB and NWTN to accelerate the growth of the electric vehicle (EV) industry in the UAE and the growth of homegrown vehicles. 

Under the MoU, ADIB will become the first bank in the UAE to enable financing to…