Abu Dhabi-based financial services company Invest AD has signed an agreement with Russia’s largest state-owned bank Sberbank.

Under the terms of the agreement, the two companies will introduce their clients into their respective regional markets, offering them opportunities in capital markets, private equity and trade finance.

The two firms have previously worked together in 2009, when they made joint investments in a ski resort that will host the 2014 Winter Olympics near Sochi, near the Black Sea Coast in Russia.