about SME

al-wathbah

take a leap into the world of opportunities with al-wathbah’s financial and banking services aimed at promoting, supporting and encouraging small and medium enterprises.

the leap into opportunities!

the thoughtfully structured extensive bouquet of lending solutions include:

short & long term financial products:
- loans & eorking capital & trade finance facilities
  - term loans/working capital loans
  - overdraft
  - letter of credit
  - letter of guarantee
  - loan against trust receipts
  - bill discounting
  - cheque discounting
  - advance against receivables
  - government guarantee loan
  - corporate credit, prepaid and purchase card
- al wathbah SME non-collateral programmes
  if your company is already established, you can benefit from the flexible financing solutions available to your business without any collateral. you can borrow to finance your equipment, raw materials, inventory, and working capital to meet your contracts. we provide you a tailor-made solution to meet all your business requirements.
  - contract and supply finance programme
  - asset finance programme
  the products available under this program:
  - contract & supply finance programmes:
    - purchase order finance
      what are the parameters to avail purchase order finance under contract & supply finance program?
      - purpose: to finance specific contracts/LPO including import of raw materials
      - facility size: funded plus non funded facility up toRO.250,000/-
      - approved buyer: LPO/invoices only from government entities and approved list of bank muscat corporate clients
      - years in business: 2 years in current line of business
      - amount of finance: up to 60% of Purchase Order value
      - tenure: up to a maximum of 180 days
    - receivables finance
      what are the parameters to avail receivables finance?
      - purpose: to avail short term finance against receivables of executed projects / orders
      - facility size: funded plus non funded facility up to maximum RO.250,000/-
      - approved buyer: invoices only from government entities and approved list of bank muscat corporate clients
      - years in business: maximum 6 months in current line of business
      - amount of finance: up to 80% of Purchase Order value
      - tenure: up to a maximum of 180 days
    - asset finance programme:
      what are the parameters to avail asset finance program?
      - purpose: To part finance cost of purchased equipment/other assets
      - facility Size: maximum RO.250,000/-
      - years in business: 6 months in current line of business
      - amount of finance: loan up to 65% of the value of new equipment
      - tenure: maximum 6 years
      terms and conditions apply.

non financial services

al wathbah businesswomen forum
al wathbah advisory forum
al wathbah academy
al wathbah businesswomen’s award
al wathbah TV / portal
al wathbah business zone
al wathbah series of workshops and seminar

auxiliary services

e channels: internet banking and mobile banking
eegional CDM Centers and business units
corporate branches

FAQs

what is al wathbah businesswomen’s forum?

platform for businesswomen to share contacts, skills, talents, experiences, leads and referrals
opportunity to present products and services to the group via forum meetings
networking opportunities with other businesswomen
access to specialized programmes
awards to appreciate and recognize women entrepreneurs

who can avail al wathbah businesswomen’s forum?

all women with business - both bank muscat and non bank muscat customers – can avail the free service by simply logging on to the bank muscat website and filling in the ‘businesswomen’s forum’ application.

al wathbah Academy is a program designed to empower entrepreneurs. It offers training and coaching to SME promoting growth by equipping them with the necessary knowledge and resources.

the academy provides:

workshops: that are held from time to time in different regions of the Sultanate.
long term training program: which usually last for 8-9 months to provide the necessary guidelines to equip SMEs to sustain their growth.
coaching Sessions.

how can I apply for the academy?

a fair and transparent selection process is undertaken through open media invitation and interviews are held after which candidates who meet the criteria are short listed.

what are the criteria for selection?

To be 100% Omani owned

what are the details of the program?

the instructors and coaches of the programme are leading professionals in their related industries. SME Credit & marketing department of bank muscat will monitor the activities and maintain progress reports during the period of course.

what is the duration of the program?

The duration of the program is 8 modules taken in 8 classes.

is the program certified?

it is certified by Project Management Institute (PMI) and is an internationally acceptable certification. In addition, you will qualify for professional development units (PDU’s).

how many classes will I have to attend?

the class attendance is once a month.

where are the classes held?

All the classes are held in Oman and the venue is handled by Bank Muscat

what is al wathbah tv/portal?

al wathbah SME tv is the first educational portal in the banking sector in Oman, aimed at supporting SMEs with 24/7 access to free information covering various subjects of importance. information is shared via series of short videos.

what is al wathbah business zone?

al wathbah business zone is a free, dedicated facility for the use of entrepreneurs who lack office facilities
it can be availed by all bank muscat and non bank muscat customers (for 2 hours per day) by sending a ‘booking of zone’ request through email

what are the facilities available in the business zone?

printing, fax, copier, scanner, local calls, flip charts, PC, projector, etc.

What is the language of the program?

The classes are held in both English & Arabic