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​ Bank Muscat to start registration for Al Wathbah Academy for entrepreneurs in Buraimi

​MUSCAT, 25 September 2019 

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’ and commitment to delivering long-term benefits to the nation has announced that registration for entrepreneurial training in Buraimi by the Al Wathbah Academy (for SMEs) will be starting soon. The training programme will be held from September 29, 2019 to October 5, 2019 and more details are available on the bank’s website at www.bankmuscat.com.

The programme targets Omani entrepreneurs. The 8-month long training programme is conducted in collaboration with the Radiant Sail Foundation and successful trainees will receive an internationally recognised certificate from the US-based Project Management Institute (PMI).

Ibrahim Bin Khamis Al Balushi, AGM - Small & Medium Enterprises, Bank Muscat, said: “Bank Muscat is proud to support the country’s youth in the development of successful SMEs. The unique Al Wathbah Academy programme is widening its reach to benefit entrepreneurs in Buraimi governorate following successful programmes earlier in Muscat, Sohar, Salalah and Nizwa. The programme reflects the bank’s commitment to sustainable development, 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 PMI and the bank will continue to implement plans for developing Omani entrepreneurs as part of its commitment to the growth and development of the country.”

The Al Wathbah Academy was launched by Bank Muscat in 2014 as part of its Corporate Social Responsibility (CSR) initiative to equip youth with self-employment skills. A number of entrepreneurs have graduated from the SME Academy till date and are successfully following their business dreams, contributing to the country’s progress and development. Notably, the SME training programme is benefiting entrepreneurs across different governorates 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 and workshops.

The Bank has contributed significantly to the financing and emergence of more SMEs, which have succeeded in providing more jobs for Omani youth. One of the most important successes of Bank Muscat in this area is the continuous participation with government agencies in promoting the concept of self-employment among the members of the community.