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Al
Wathbah sponsors
“Business Umbrella Programme
2007”
 Muscat,
10 September 2007: Al Wathbah (a big leap
for small business), BankMuscat’s comprehensive
suite of programme lending solutions for the
small and medium scale sector today, was a
golden sponsor of the conference titled
“Developing Small and Medium Enterprises (SMEs)
Horizons” that was organized by the Ministry of
Commerce and Industry as part of its “Business
Umbrella Programme 2007”. The conference was
held on 29 and 30 August 2007 in the Dhofar
region.
This conference is aiming to develop and enhance
the administrative skills of businessmen and
women, across all SME sectors. Through
organizing such events, the Ministry is
following the directions of His Majesty Sulatn
Qaboos bin Said, to support the local SME
sector.
Speaking on the occasion, Ali Amin Ramadhan,
Assistant General Manager - SME Credit and
Marketing, BankMuscat, S.A.O.G. said:
"Such events are crucial for the development
of the small and medium scale sector in the
Sultanate. By developing their knowledge and
base skill, SMEs will be in a position to play a
much bigger role in the growth of the national
economy. It would even assist the SME sector in
creation pf job opportunities in the Sultanate.
Therefore, at Al Wathab we grab every
opportunity to assist the government in its
efforts to develop the SME sector”
Al Wathab currently offers 6 product categories
- Working Capital Finance, Equipment Finance,
Receivables Finance, Import Finance, Contract
Finance and Credit Card Receivables Finance. It
offers its services to small commercial
establishments with an annual turnover less than
RO 250,000 that are looking to grow their
businesses, Al Wathbah offers up to RO 100,000
in terms of funding. To provide a further fillip
to the sector, the bank provides enhanced
advisory services whereby the bank offers
professional advise to the sector on their
businesses, the economy and various financial
options. |
