MUSCAT, 30 July 2017 – Widening the support to small and medium
enterprises (SMEs), Bank Muscat, the flagship financial services provider in the
Sultanate, has announced enrolment of a new batch at al Wathbah Academy
benefiting entrepreneurs in the governorate of Dakhiliyah.
The programme launched by the bank as part of its ‘Let’s Do More’
vision and ‘Imprints’ social responsibility initiative to support SMEs, is
targeted at 100 per cent Omani-owned SME enterprises with existing relationship
with Bank Muscat. The business should also have a track record of profitability
over the last 2 to 3 years. Interested applicants are required to register
online at firstname.lastname@example.org and the last date for receiving the
applications is 17 August 2017.
Fatma Al Maskiry, AGM – SME Credit, Marketing and Regional
Corporates, said: “Following the success of al Wathbah Academy programmes in
Muscat, Sohar and Salalah, Bank Muscat is proud to launch the training programme
in support of entrepreneurs in the governorate of Dakhiliyah. The unique al
Wathbah Academy reflects the bank’s commitment to sustainable social
development, complementing government efforts in strengthening the role of SMEs
in the economic development of Oman. al Wathbah Academy programmes across Oman
impart the required skills and guidance for entrepreneurs drawn from diverse
fields to embark on successful SME business ventures. The programme leads to
accredited international certification by Project Management Institute (PMI).
The unique SME initiative plays an important role in filling the gaps and
empowering entrepreneurs to chart successful business
The unique al Wathbah Academy was launched by the bank in August
2014. The Corporate Social Responsibility (CSR) initiative is aimed at equipping
youth with self-employment skills boosting the country’s progress and
development. The support to SMEs stems from the bank’s commitment to create
self-employment opportunities for Omani youth who constitute more than 50 per
cent of the country’s population.
Enterprising entrepreneurs who completed the SME training
programme in the previous batches of al Wathbah Academy are successfully
following their business dreams, contributing to the country’s progress and
development. Notably, the SME training programme is benefiting entrepreneurs
across the regions to acquire the required skill set and knowledge to chart
successful business ventures.
The bank’s al Wathbah SME department offers a comprehensive suite
of tailor-made finance solutions and non-financial services targeted at small
and medium enterprises. Credit facilities, both short-term and long-term in
nature, are available to all sectors. Further support is extended through
non-financial services in areas of education, coaching, networking opportunities
Serving as building blocks for existing and prospective
entrepreneurs, all these initiatives assume importance in the backdrop of the
priority accorded by the government to develop the SME sector in Oman.