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Bank Muscat SME workshop for women evokes good response

​MUSCAT, 09 February 2015 – Bank Muscat, the flagship financial services provider in the Sultanate, hosted a 2-day workshop on 'How to run and manage your business' for women entrepreneurs at the bank's head office on 7 and 8 February. The workshop organised by al Wathbah, Bank Muscat's SME department, as part of activities aimed at expanding and strengthening avenues for SME development in Oman, evoked good response from a large turn-out of existing and prospective women entrepreneurs.

Expert trainers led the workshop which served as a platform for women entrepreneurs to familiarize themselves with the various aspects of running successful SME ventures. Topics covered included market analysis and marketing plan, operation plan, financial plan and writing a business plan etc.

Ilham Al Hamaid, AGM – SME Credit, Marketing and Regional Corporates, said: “Bank Muscat regularly organises workshops and seminars to facilitate unique learning opportunities to address the challenges faced by entrepreneurs and thereby create an environment favourable for SME success. Over the years, Bank Muscat has launched several initiatives as part of its commitment to SME development in Oman. Serving as building blocks for entrepreneurs, these initiatives assume importance in the backdrop of the priority accorded by the government to develop the SME sector in Oman. Aimed at strengthening the SME sector and creating a successful generation of entrepreneurs, al Wathbah is committed to facilitating such unique initiatives, especially for women entrepreneurs."

The bank has launched a series of initiatives, including al Wathbah Businesswomen's Forum, as part of a comprehensive strategy to support women entrepreneurs in Oman. The support to SMEs and women empowerment initiatives stem from the bank's commitment to create self-employment opportunities for youth who constitute more than 50 per cent of the country's population.

In step with the directives of His Majesty Sultan Qaboos bin Said to support the SME sector and strengthen its role in the economic development of Oman, Bank Muscat has taken the lead to develop the SME sector in Oman. Aimed at strengthening the SME sector, Bank Muscat offers a comprehensive suite of tailor-made finance solutions, including al Wathbah non-collateral finance.