Transguard, the security services provider of Emirates, has been awarded a coveted security contract from the Arab Bank for Investment and Foreign Trade (ARBIFT).
Dr. Abdulla Al Hashimi, Senior Vice President Emirates Group Security, and Mr. Ibrahim Nasser Rashid Majid Lootah, General Manager of ARBIFT, recently signed the contract at the bank’s regional office in Dubai.
Under the agreement, Transguard will provide a range of cash management services for ARBIFT including: cash collection for Central Bank and Corporate VVIP Customers, cash processing and cash management for the Bank’s network of five branches and 14 sub-offices, e-Dirhims sale services in UAE, ATMs in the UAE, and cashiering.
Dr. Al Hashimi said: “Transguard is pleased to have been selected as ARBIFT’s service partner. We have a strong track record in providing efficient cash processing, cash in transit and ATM services, and we look forward to supporting ARBIFT’s operations with our expertise.”
Mr. Lootah said: “ARBIFT is focussed on delivering exceptional service to all our customers whether in our branch, at customer service centres or at an ATM. To fulfil this aim we require our suppliers to demonstrate a capability to meet our exacting standards, all of which are fully met by Transguard.”
He added: “Outsourcing our security arrangements allows us to focus on our core competencies, helps us minimise risks to personnel and assets, maximises management and staff time, and reduces overheads. We are pleased to contract Transguard as our security partners, and will work closely with them to maximise efficiency for both parties.”
About ARBIFT
ARBIFT is the only bank in the UAE with UAE Federal Government shareholding. The bank has five branches and 14 sub-offices, offering a wide variety of banking services including: corporate and personal banking, industrial finance, agricultural finance, financing of international trade. Among the clients of the Bank are business conglomerates, medium and small industrial units, exporters, and multinational companies in addition to individual customers.
About Transguard
Transguard, the security services division under the Emirates Group, is the leading provider of Cash Management services in the UAE. Transguard is fast gaining recognition as a one-stop solution provider in the UAE and internationally. It serves a diverse client base with expertise in guarding, aviation safety, VIP protection, Cash Processing, ATM Cash Management, transportation of bullion and precious metals, and also tailors innovative security solutions for specific business needs.
