As the financial engine of the UAE’s economic diversification and industrial transformation agenda, Emirates Development Bank (EDB) launches ‘Sanad : a Post-Covid Acceleration Initiative’. The new AED 100 million initiative aims to extend quick, easy – to – access, and flexible loans to Emirati – owned and managed businesses looking to accelerate the growth of their business post the covid – 19 pandemic . The credit assessment will primarily be based on  2019 financials ( pre–Covid) with relaxed norms on evaluation of 2020/2021 financial performance.