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Al Wathbah organises ‘“Pricing and Financials: The Link” workshop for SMEs in Collaboration with Business Edge - IFC

Muscat. 28 October 2007 –
Building on its success, Al Wathbah, BankMuscat’s comprehensive suite of programme lending solutions for the small and medium scale sector, has taken the initiative to organise a special training course targeting entrepreneurs and owners of small and medium businesses, for the first time, free of cost. The course entitled “Importance of Finance and Accounting to SMEs” was conducted in collaboration with Business Edge - International Finance Corporation.

The course was held recently in BankMuscat Training Centre in Ruwi and attended by Al Wathbah customers. Rami Camel Toueg, The IFC professional trainer, who specially flew to Oman to conduct this course, has covered topics of ‘Importance of Finance and Accounting to SMEs’, ‘Introduction to Marketing Concepts’, ‘Pricing and Pricing Strategy’ and the ‘Target Markets’.

AbdulRazak Ali Issa, Chief Executive, BankMuscat, commented on this occasion saying:

“Through organising such courses, we aim to share some of BankMuscat’s and its partner’s knowledge and experiences with Omani entrepreneurs. Moreover, these events provide a great opportunity for us in BankMuscat to engage with a wide range of entrepreneurs to know their business requirements, at the same time giving them a chance to get to know us and what we do. We are determined to continue offering these courses to our current and potential clients free of charge to benefit the people of Oman as part of our social investment initiatives”.

It is worth mentioning that two more similar training courses are scheduled to be conducted in November and December of this year in Sohar and Muscat respectively.

Since last year, BankMuscat has dedicated a full department to cater to the needs of small and medium enterprises and has placed account relationship managers in most of the regions in Oman. Al Wathbah has various financing solutions for SMEs that has been proved to be very successful around the Sultanate.


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